The new Code 2020 has been submitted by the Code Commission to the Federal Ministry of Justice and Consumer Protection on 23 January 2020. Up until the publication in the Federal Gazette, the Code as amended on 7 February 2017 is applicable to the annual Declaration of Compliance.

200123 Press release Code 2020

The Government Commission "German Corporate Governance Code" adopted a new version of the German Corporate Governance Code on 9 May 2019. The new Code contains a re-statement of the rules regarding Management Board remuneration as well as specification of the independence requirement regarding shareholder representatives on the Supervisory Board. After the Act for Implementing the Second EU Shareholder Rights Directive ("ARUG II") enters into force will the new Code be handed in for publication at the Federal Ministry of Justice and Consumer Protection.

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Hereinafter the article "Incentive to do the right thing“ by Prof. Dr. Rolf Nonnenmacher, Chairman, and Prof. Dr. Wulf von Schimmelmann, Member of the Regierungskommission Deutscher Corporate Governance Kodex, published in F.A.Z. on 30. July 2018.

„F.A.Z., 30. July 2018, Rolf Nonnenmacher und Wulf von Schimmelmann, © All rights reserved. Frankfurter Allgemeine Zeitung GmbH, Frankfurt. Provided by Frankfurter Allgemeine Archiv. Translation arranged by the Secretary of Regierungskommission Deutscher Corporate Governance Kodex.

With the publication dated 19 May 2017, the Federal Gazette has corrected its transfer error in the explanatory footnotes of the sample tables in the annex of the Code.

According to the Federal Ministry of Justice and Consumer Protection, the announcement date of the current code is still the 24 April 2017 because there were only editorial adaptation.

On 7 February 2017, the Regierungskommission Deutscher Corporate Governance Kodex decided on amendments to the Code in order to enhance transparency as the basis for stakeholders to assess corporate governance and to comply with international best practices in the German code for listed companies. In addition, the Regierungskommission amended  the Preamble of the Code. The new version of the Code will come into force upon publication in the electronic German Federal Gazette by the German Federal Ministry of Justice and Consumer Protection.

Rolf Nonnenmacher will chair the Regierungskommission Deutscher Corporate Governance Kodex with effect from 1 March 2017.

Within the context of its regular review of the Code, the Commission is this year again following the principle of deleting content that is no longer necessary, providing clarification where sensible, incorporating legislative amendments made in the interim period, and exercising major restraint in terms of material changes.

Everyone is invited to send written comments on the proposed amendments and remarks until 15 December 2016. Comments received on time will be considered during the final consultancy of the Commission in February 2017.

For the first time, all statements tendered by companies, associations and from the field of science will be published on the Regierungskommission’s website, unless participants object to a publication. Please mention it expressly, if you do not wish your comment to be published.

Please find below the press release regarding the 15th Conference.

Following the recommendation of the Regierungskommission Deutscher Corporate Governance Kodex, the German Federal Minister of Justice and for Consumer Protection, Heiko Maas, has appointed Michael Guggemos, Spokesman of the Management of Hans-Böckler-Stiftung, Dr Margarete Haase, Member of the Board of Deutz AG as well as Prof Dr Wulf von Schimmelmann, Chairman of the Supervisory Board of Deutsche Post AG, as members of the Commission of the German Corporate Code with effect from 1 February 2016. In addition, both Claudia Kruse, Member of the Extended Management of the Dutch APG Asset Management, and Jens Wilhelm, Member of the Board of Union Asset Management Holding AG, have been appointed to the Code Commission as of 1 March 2016. In accordance with the rules of internal procedures of the Code Commission, in force since 2014, the appointment endures for four years.

Invitation to send written comments on the proposed amendments and remarks until 1 April 2015. Comments on the proposals which are submitted on time will be considered during final deliberation by the Commission in May 2015.

The clarified explanations also specify where and how deferrals, i.e. components from one-year variable compensation, which are deferred and not paid out immediately, are to be recorded in the model tables. In addition, the disclosure time of the one-year and multi-year variable compensation received has been harmonised. Third party benefits which have already been taken into account in Number 4.2.3 DCGK are to be specified explicitly insofar as they are connected to Management Board work.

24 and 25 June 2014 at the Berlin Representative Office of Deutsche Telekom AG. This event is by invitation only. Conference language is German.

The amendments to the German Corporate Governance Code resolved by the Government Commission on June 12, 2006, have been published today in the electronic Federal Gazette (Bundesanzeiger) (German only) by the Federal Ministry of Justice. Please find the amended version and an overview of the code amendments on this website.

The amendments to the German Corporate Governance Code resolved by the Government Commission on June 12, 2006, have been published today in the electronic Federal Gazette (Bundesanzeiger) (German only) by the Federal Ministry of Justice. Please find the amended version and an overview of the code amendments on this website.

The amendments to the German Corporate Governance Code resolved by the Government Commission on June 02 have been published yesterday in the electronic Federal Gazette (Bundesanzeiger) (German only) (adjustment dated July 21,2005) (German only) by the Federal Ministry of Justice (see press release of the Federal Ministry) (German only). Please find the amended version and an overview of the code amendments on this website.

The amendments to the German Corporate governance Code resolved by the Government Commission on May 21 have been published today in the electronic Federal Gazette (Bundesanzeiger) by the Federal Ministry of Justice. Please find the amended version and an overview of the code amendments on this website.

"Wichtige Hinweise zur Umsetzung der Beschlüsse der Cromme-Kommission".

The Berlin Center of Corporate Governance (BCCG) has today published the Executive Summary of its survey concerning the implementation of the German Corporate Governance Code. Download under http://www.bccg.tu-berlin.de/

Chairman of the Government Commission on the German Corporate Governance Code at the press conference following the handing over of the German Corporate Governance Code to German Minister of Justice Prof. Dr. Herta Däubler-Gmelin on February 26, 2002 in Berlin