Beiersdorf AG welcomes the regularly updated
German Corporate Governance Code presented by the Government Commission. The
Code not only creates transparency for domestic and foreign investors as
regards the framework for corporate management and supervision in Germany, but
also establishes generally accepted standards for good and responsible company
management.
“Corporate Governance” means responsible
company management and supervision that aims to achieve long-term value
enhancement. It increases the transparency of the statutory and
company-specific conditions for the management of listed companies and hence
promotes the confidence of investors, customers, employees, and the general
public in this regard.
Good corporate governance has been a high
priority at Beiersdorf even before the publication of the Code. Close,
efficient cooperation between the Executive and Supervisory Boards, a focus on
shareholder interests, open corporate communication, proper accounting and
auditing, and responsible risk management have always been the basis of the
Company’s success. As a result, compliance with the Code and its amendments did
not necessitate any fundamental changes at Beiersdorf.
We consider corporate governance to be an
ongoing process and will continue to track future developments carefully.
Beiersdorf reports on the Company’s Corporate Governance on a yearly basis in the Annual Report and in the Corporate Governance Statement.