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Corporate Governance

Covestro places great importance on responsible corporate governance. At the heart of this promise to our shareholders stands our commitment to the German Corporate Governance Code and to the Articles of Incorporation that reflect this standard.

Since the day it was listed in October 2015, Covestro has met this commitment and been in compliance with all of the recommendations of the German Corporate Governance Code. It has formally documented this compliance with annual declarations and has further declared that it intends to comply fully with the recommendations of the German Corporate Governance Code in the future as well.

Moreover, a detailed corporate governance report is an integral part of the annual report. Here, Covestro discusses corporate governance, compliance and compensation in addition to its declaration of conformity.

Further information
Commission DCGK

Documents
Articles of Incorporation of Covestro AG
Corporate Governance Report
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DCGK Declaration of Conformity

Documents

DCGK Declaration of Conformity – 2020
DCGK Declaration of Conformity – 2019
DCGK Declaration of Conformity – 2018
DCGK Declaration of Conformity – 2017
DCGK Declaration of Conformity – 2016
DCGK Declaration of Conformity – 2015
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Declaration on Corporate Governance

Corporate Governance in detail

Click on the topics below for a comprehensive documentation of corporate governance at Covestro.

Shareholders and Annual General Meeting

Shareholders exercise their right to vote at the Annual General Meeting to the extent prescribed by law and the Articles of Incorporation.

Further information
Shareholder structure
Annual General Meeting

Supervisory Board

The Supervisory Board comprises 12 members. Under the German Codetermination Act, half of the members represent the shareholders and half of the members represents the company’s employees. The shareholder representatives of the Supervisory Board are elected by the shareholders at the Annual General Meeting. The Supervisory Board appoints, oversees and advises the Board of Management and is directly involved in decisions of fundamental importance to the company.

Further information
Tasks, Members, Committees
Disclosure of securities transactions

Documents and Links
Report of the Supervisory Board
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Supervisory Board Rules of Procedure
Compensation Report
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Board of Management

The Board of Management has the ultimate responsibility for managing the company in the company’s best interest, considering the interests of the shareholders, employees and other stakeholders, with the aim of creating sustainable value.

Further information
Members of the Board of Management
Individual areas of responsibilities
Disclosure of securities transactions

Documents and Links
Board of Management Rules of Procedure
Compensation Report
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Compensation System
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Transparency

Covestro treats all shareholders in the same circumstances equally when disseminating material information. It is Covestro’s policy to immediately provide notice to all shareholders of all new and material information that is communicated to financial analysts and institutional investors. To access this important information, please visit the Investor Relations website at: covestro.com/investors.

Further information
Financial reports
Financial calendar
Insider information
Voting rights announcements
Employee stock participation program
Share buyback

Takeover-relevant information

Reporting and Audit of the Annual Financial Statements

Shareholders and third parties are mainly informed by the Consolidated Financial Statements and the Group Management Report. During the financial year they are additionally informed by means of a half-year financial report and, in the first and second halves, by quarterly financial reports. The Consolidated Financial Statements and the Condensed Consolidated Financial Statements in the half-year financial report and the quarterly financial report are prepared under observance of internationally recognized accounting principles.

Documents
Independent Auditor's Report

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  • The management of Covestro

    All information on the Board of Management, the Supervisory Board and company management in general can be found here.

  • Management

    Board of Management

    The Board of Management is responsible for steering Covestro’s global business operations and for the company’s organization and alignment.

  • Management

    Supervisory Board

    The twelve members of the Supervisory Board monitor and advise the Board of Management.

  • Management

    Compliance

    Our Corporate Compliance Policy forms the framework for acting in accordance with all relevant rules, based on expertise, fairness, and reliability.

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