In the corporate governance declaration, we report, in accordance with No. 3.10 of the German Corporate Governance Code (GCGC) and Section 289a of the German Commercial Code (HGB) on the principles of management and corporate governance. The declaration contains the Declaration of Conformity, information on corporate governance practices, a description of how the Management Board and Supervisory Board work and key corporate governance structures. The corporate governance declaration has been published on the website under Investor Relations and does not form part of the management report.
Corporate governance is the responsible management and supervision of a company.
With balanced corporate governance, the Management Board and the Supervisory Board wish to safeguard Vonovia SE’s competitiveness, strengthen the trust of the capital market and the general public in the company and sustainably increase the company’s value.
As a major real estate company, we are aware of the particular significance of our entrepreneurial actions for society at large. As a result, we are also committed to the main aims and principles of the corporate governance initiative of the German real estate industry, which we have been a member of since November 14, 2003. The initiative supplements the corporate governance principles to include real estate specific aspects and is committed to even greater transparency, an improved image and a more competitive real estate sector.