Corporate Governance

Declaration of Conformity

Declaration of Conformity with the German Corporate Governance Code, issued by the Supervisory Board and Management Board in accordance with Section 161 of the German Stock Corporation Act

Pursuant to Section 161 of the German Stock Corporation Act (Aktiengesetz – AktG), the supervisory board and management board of exchange-listed stock corporations are obliged to issue an annual declaration stating that the recommendations of the "Code of the Government Commission on German Corporate Governance" have been and will continue to be complied with and, if applicable, specifying which recommendations have not been or will not be applied. Any departures from the recommendations must be explained.

The Management Board and Supervisory Board of ElringKlinger AG hereby issue a Declaration of Conformity pursuant to Section 161 AktG, stating that the Company has complied with, currently complies with and will in future comply with the recommendations of the "Government Commission German Corporate Governance Code" in the version dated April 28, 2022, with the following exceptions.

  • B. 5: No age limit has been set for members of the Management Board.

There is no general age limit for Management Board members. The main focus for ElringKlinger is on the qualifications as well as the experience required by candidates to be appointed to the board. Given the provisions set out in the German General Equal Treatment Act (Allgemeines Gleichbehandlungsgesetz – AGG), which does not apply directly to this case but at the very least provides a basis for analogous application, the company is of the opinion that the approach of specifying an age limit is inappropriate.

  • C. 2: No age limit has been set for members of the Supervisory Board. 

No general age limit has been set for members of the Supervisory Board, as the expertise of the individual members is considered an overriding priority. Within this context, experience in particular is seen as an integral element. Given the provisions set out in the German General Equal Treatment Act (Allgemeines Gleichbehandlungsgesetz – AGG), which does not apply directly to this case but at the very least provides a basis for analogous application, the company is of the opinion that the approach of specifying an age limit is inappropriate.

Dettingen/Erms, December 7, 2023

On behalf of the Supervisory Board:

Klaus Eberhardt
Chairman of the Supervisory Board

Management Board:

Thomas Jessulat
Chief Executive Officer

Reiner Drews
Chief Operating Officer

Dirk Willers
Chief Sales Officer

Corporate Governance Statement
Compensation system

Corporate Governance Statement

The corporate governance declaration pursuant to § 289f and §315d of the German Commercial Code (HGB) includes in particular the declaration of conformity with the German Corporate Governance Code.

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Compensation system

Compensation system for members of the Management Board of ElringKlinger AG

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Corporate Governance Statement
Compensation system