Efficiency review pursuant to the Public Corporate Governance Code
The Public Corporate Governance Code (No. 5.1.) states that the supervisory bodies must conduct a regular review of their quality and efficiency. This applies in particular to the standards of good and responsible corporate governance documented in the code. Public companies in particular should follow those standards.
At the same time it is important to take specific framework conditions into account: besides complying with commercial targets, public companies are above all obliged to align their objectives with the common good. In addition, numerous bodies contain political representatives. Investment management and shareholders’ meetings also play a special role in the monitoring process. When evaluating the supervisory board’s work, other stakeholders are therefore important who might have a major influence on the monitoring work.