Coporate Governance in the S&T group
Within the S&T Group, good corporate governance represents open and transparent corporate communication, respect for shareholders’ interests, responsibility in all business decisions, appropriate handling of risks and the promotion of equality and diversity. Compliance with national and international laws, regulations and guidelines as well as the principles of the German Corporate Governance Code are a matter of course for Kontron and are part of the management mentality. Responsible, sustainable and value-oriented corporate management is given the highest priority in the S&T Group.
Germany's Corporate Governance Code
S&T AG is a company that is publicly listed in Germany. As such, Kontron AG has committed itself to observing Germany’s Corporate Governance Code, which assigns its requirements into three categories, as a general rule:
- Laws: they are the law of the land and are for that reason binding.
- Recommendations: they are to be recognized by their including the terms “should” or “are to be”. Deviations from these recommendations are possible, but have to be disclosed on an annual basis.
- Suggestions: they are to be recognized through their should use of “should be” or “can be”. The observation of suggestions is not obligatory.
This latest Corporate Governance Report of Kontron AG complies with the new German Corporate Governance Code, amended December 16, 2019. In the declaration of compliance, the Executive Board and Supervisory Board report on the Corporate Governance of the company in accordance with §§ 243c UGB and Principle 22 of the German Corporate Governance Code of December 16, 2019.
The report was last published as part of the annual publication on 21.03.2022 and can be viewed here (Publication 21.03.2022).
S&T's Supervisory Board and Supervisory Board Committees
As of June 16, 2020 the Supervisory Board, under the chairmanship of Ms. Claudia Badstöber, is composed of five members, who oversee and advise the Executive Board. Members of the Supervisory Board