The essential framework for this is provided by, first and foremost, the German Stock Corporation Act and the German Corporate Governance Code.
Since our share is also listed on the New York Stock Exchange, we are subject to the relevant U.S. capital market legislation as well as the rules of the Securities and Exchange Commission (SEC) and the New York Stock Exchange (NYSE).
Our corporate governance is founded on four key elements:
1. Good relations with our shareholders
- To make it easier for our shareholders to exercise their voting rights, we support the use of electronic media for the Annual General Meeting.
- For example, shareholders can issue their voting instructions to Deutsche Bank proxies via the Internet.
2. Effective cooperation between the Management Board and the Supervisory Board
- The Management Board and the Supervisory Board work together closely for the good of the company within the framework of the dual management system mandated by law for German stock corporations. The members of the Management Board are appointed by the Supervisory Board.
- The Management Board reports regularly to the Supervisory Board and its committees on all relevant matters relating to business planning and development, risk assessment, risk management, and compliance.
- The Supervisory Board supervises and advises the Management Board on the management of the company. Decisions of fundamental importance affecting the Bank require its agreement. It regularly reviews the efficiency of its work. In accordance with the German Federal Co-Determination Act, the Supervisory Board is equally represented by shareholders and employees with no overlapping in the Management.
