Overview

Covestro places great importance on responsible corporate governance. This promise to stockholders, business partners and employees is based on our commitment to the (GCGC) and Articles of Incorporation that reflect these standards.

The Board of Management and Supervisory Board provide information pertaining to corporate governance in this Report pursuant to Section 3.10 of the GCGC, including a Declaration on Corporate Governance for Covestro AG pursuant to Section 289f and for the Covestro Group pursuant to Section 315d of the (HGB). The contents of the Corporate Governance Report also comprise part of the Group Management Report. Pursuant to Section 317 (2), Sentences 4 and 5 of the German Commercial Code, the disclosures in the Declaration on Corporate Governance are not included in the audit. In addition, the Compensation Report is part of the Corporate Governance Report.

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
HGB/German Commercial Code
Comprises much of the German accounting legislation