Declaration of Compliance by Deutsche Wohnen SE concerning the German Corporate Governance Code
The Management and Supervisory Boards of Deutsche Wohnen SE have thoroughly dealt with the issue of compliance with the standards set by the German Corporate Governance Code. In doing so, they have taken the alterations of the Code dated 7 February 2017 into account, which was published in the Federal Gazette on 24 April 2017, and adopted the following declaration of compliance according to article 161 (1) of Germany’s Stock Corporation Act in December 2017.
Since the adoption of the last declaration of compliance in December 2016, Deutsche Wohnen SE has complied with the recommendations given by the Government Commission of the German Corporate Governance Code, with the following exceptions:
The recently declared deviation from clause 5.4.6 (remuneration committee chairmanship) of the Code became inapplicable with effect for the financial year 2017 through new regulations regarding Supervisory Board remuneration, including remuneration of the chairmanship and membership in committees, by resolution of the Annual General Meeting on 2 June 2017.
In the future, Deutsche Wohnen SE will comply with the recommendations of the Government Commission of the German Corporate Governance Code (in the version of 7 February 2017) with the following exception:
Berlin, in December 2017
The Management Board
The Supervisory Board