Proposed amendments to Code for 2015 published

Within the context of its regular review of the Code, the Commission is this year again following the principle of deleting content that is no longer necessary, providing clarification where sensible, incorporating legislative amendments made in the interim period, and exercising major restraint in terms of material changes. The Commission proposes for example that the Supervisory Board shall in future inform candidates for election to the Supervisory Board of the time commitment expected for qualified discharge of the mandate. The Commission also intends to recommend that the Supervisory Board of a listed company shall define the maximum period of office on this body on a company-specific basis.

Please, send written comments on the proposed amendments and remarks until 1 April 2015. Comments on the proposals which are submitted on time will be considered during final deliberation by the Commission in May 2015.

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