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Corporate Governance

The term corporate governance captures the principles for the proper management and supervision of a company. Corporate governance is multi-layered and includes mandatory and optional measures: complying with laws and regulations, following recognised standards and recommendations, developing and following our own corporate guidelines, as well as designing and implementing management and control structures.


Good corporate governance promotes the confidence of investors, the financial markets, customers and other business partners, employees and the general public in A.S. Création. The most important sets of rules for us are the German Stock Corporation Act, the German Commercial Code and the German Corporate Governance Code, which provide the framework for our statements and reports.

 

The German Corporate Governance Code was first adopted by a government commission of the Federal Ministry of Justice in 2002 and is reviewed annually by this commission and updated as necessary. The Code in its currently valid version is available at:

 

 

Remuneration report and remuneration system

Remuneration report

Pursuant to § 162 of the German Stock Corporation Act, a remuneration report has been published since the 2021 financial year, which is intended to provide information about the remuneration of the Executive Board and Supervisory Board in a clear and comprehensible manner.

 

 

 

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2022  2021          

 

Principles of Executive Board remuneration

The current Executive Board remuneration system defines the framework conditions according to which remuneration components can be granted to Executive Board members by the Supervisory Board.

The Supervisory Board has established the new remuneration system in accordance with the provisions of the German Stock Corporation Act as amended by the Act Implementing the Second Shareholders' Rights Directive (ARUG II) and the recommendations for the remuneration system for Executive Board members in Section G of the German Corporate Governance Code (GCGC) as amended on December 16, 2019. The new version of the GCGC dated April 28, 2022 does not require any adjustment to the remuneration system.

The current compensation system for the Managing Board members of A.S. Création Tapeten AG was approved by the Annual General Meeting of Shareholders on May 16, 2023 with a majority of 96.63% of the votes cast.

 

 

Download

2023     2021

 

Principles of Supervisory Board remuneration

The compensation of the members of the Supervisory Board is governed by Article 14 of the statutes of A.S. Création Tapeten AG. This ensures that the compensation of the Supervisory Board members always corresponds to the compensation system adopted by the General Meeting of Shareholders.

The current compensation system for the members of the Supervisory Board of A.S. Création Tapeten AG was approved by the Annual General Meeting on May 6, 2021 with a majority of 99.94% of the votes cast.

 

 

Download

2021

 

Corporate statements

Declaration of compliance

The declaration of compliance pursuant to § 161 of the German Stock Corporation Act (AktG) includes a statement of the extent to which the recommendations of the German Corporate Governance Code (as amended from time to time) are complied with and the reasons for any deviations.

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Corporate Governance Statement

The corporate governance statement in accordance with § 315d of the German Commercial Code (HGB) includes information on corporate governance practices and a description of the working methods of the Executive Board and Supervisory Board.

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Articles of Association

The currently valid Articles of Association of A.S. Création Tapeten AG are the version dated 16.05.2023

 

CONTACT

Do you have any questions?

Send us an e-Mail: investor@as-creation.de

Contact person: Christine Jülich

We look forward to hearing from you.

© 2024 A.S. Création Tapeten AG