Corporate Governance Report 2010
In the following declaration pursuant to section 3.10 of the German Corporate Governance Code (the Code) and section 289a (1) of the German Commercial Code (HGB), the Board of Managing Directors and Supervisory Board of DVB Bank SE report on the Bank’s corporate governance.
DVB is a leading global specialist in international transport finance. As a listed company, DVB must observe the recommendations and proposals of the Code. The Board of Managing Directors and the Supervisory Board therefore use the Code as a guideline on how to enhance the transparency of business decisions for shareholders, business partners, employees, and the general public. The two executive bodies regularly review the Code’s recommendations – as amended by the Government Commission of the German Corporate Governance Code – and how DVB is implementing them.
DVB’s corporate governance is shaped by four essential parameters:
DVB’s corporate governance is shaped by four essential parameters:
- responsible and effective corporate governance and control by the Board of Managing Directors and the Supervisory Board, respectively;
- the protection of stakeholder interests (shareholders, investors, clients, business partners and staff);
- regular financial reporting and independent audits; and
- transparent communications.