Corporate governance refers to the way in which management structures work, how they cooperate with each other, and how their actions are monitored. Good corporate governance is a style of management characterised by an awareness of responsibility and a focus on long-term value creation. It also includes a respect for shareholder interests, good cooperation between the Executive Board and the Supervisory Board, prioritisation of company interests where there is a conflict of interests, and open corporate communication.
The principles of good corporate governance form part of our management concept at Deufol, which is designed to increase the value of the company. The essential principles of the German Corporate Governance Code are embodied in the articles of association and the regulations of the Administrative Board and the Managing Directors, and are put into practice by the management in all its actions.