Code reform 2022 – sustainability is gaining importance
When the consultation procedure opened on 27 January 2022, the Commission published and explained the proposed amendments to the Code concerning German listed companies on the Code website.
Environmental and social sustainability must be considered when managing and supervising listed companies. The German Corporate Governance Code (the Code) wants to take this into account by making the respective adjustments. In addition, the German Financial Market Integrity Strengthening Act (Finanzmarktintegritätsstärkungsgesetz – “FISG”) requires further changes.
The consultation documents can be found here