Corporate Governance

Reliable and responsible corporate governance is a key pillar of Dresdner Bank’s sustainable growth and an essential precondition for long-term value creation. Corporate governance combines questions of corporate management, control and transparency.

The task of corporate management is to appropriately balance the interests of the Bank’s various stakeholders – its shareholder, customers, employees, business partners and the general public – since they form the basis of its success. Effective control and a high level of transparency support and strengthen the trust between the Bank and its stakeholders. Only if all of these factors are combined will the Bank’s healthy and sustainable performance be ensured.

In 2002, the German Corporate Governance Code was resolved and the Transparenz- und Publizitätsgesetz (Transparency and Disclosure Act) was passed. These regulations formulated internationally and nationally recognised standards for proper and responsible company management within German companies. They also made the German corporate governance system transparent and comprehensible for domestic and foreign investors. The provisions of the Corporate Governance Code have been reviewed and adapted on an annual basis since publication, a process that will be continued in future.

The German Corporate Governance Code primarily addresses listed companies. As Dresdner Bank AG was delisted with effect from 11 July 2002, the decision was taken not to publish a separate declaration of conformity with the Code due to the Bank's integration into the Allianz Group, even though Dresdner Bank AG's corporate governance concept includes the key principles of the Code.

Allianz SE has published its declaration of conformity in accordance with section 161 of the Aktiengesetz (German Stock Corporation Act) on the Internet. In it, Allianz SE declares that it will comply with all recommendations of the German Corporate Governance Code.