Corporate Governance
Corporate Governance stands for responsible business management geared towards long-term value creation. It calls for efficient co-operation between executive and supervisory boards, respect for the interests of the stockholders and openness and transparency in corporate communication.
ThyssenKrupp welcomes the German Corporate Governance Code introduced in 2002 and complies with all the recommendations of the updated June 2006 version thereof. The Executive Board and Supervisory Board of ThyssenKrupp AG have issued the following unqualified Declaration of Conformity.
Declaration of Conformity
The German Transparency and Disclosure Act introduced a new Art. 161 in the German Stock Corporation Act (AktG) which requires the Executive Board and Supervisory Board of listed companies to issue an annual declaration stating whether the German Corporate Governance Code has been and is being observed and which of the Code's recommendations are not applied.
ThyssenKrupp complies with all recommendations of the Code as amended on June 12, 2006 and also complied with all recommendations of the Code in the period from October 1, 2005 to July 24, 2006 (Code version of June 2, 2005) and from July 25 to September 30, 2006 (Code version of June 12, 2006, published on July 24,2006). The Executive Board and Supervisory Board of ThyssenKrupp AG issued an unconditional declaration of conformity in accordance with Art. 161 AktG on October 1, 2006.