Overview

The Compensation Report describes the essential features of the compensation system for the members of the Board of Management and the Supervisory Board of Covestro AG and explains the compensation of the individual members. The report conforms to the requirements of the , including the principles of German Accounting Standard No. 17 ( 17) and to the recommendations of the (GCGC) as amended on February 7, 2017. It also complies with the (IFRSs).

HGB/German Commercial Code
Comprises much of the German accounting legislation
DRS/German Accounting Standards
Pronouncements of the German Accounting Standards Committee e.V., which substantiate the HGB requirements in reference to the application of the Group accounting principles
DCGK/German Corporate Governance Code
A set of regulations compiled by the Government Commission on the German Corporate Governance Code in respect of responsible corporate governance, which contains recommendations and suggestions for the management and oversight of listed corporations in Germany
IFRSs/International Financial Reporting Standards
International accounting standards as endorsed by the European Union