Governance and Management

Corporate Governance

Corporate governance rules are intended to ensure good, responsible, value-focused corporate management.

We are convinced that good corporate governance is fundamental to the success of DB Group. Our aim is to sustainably increase the enterprise value so as to promote the interests of customers, business partners, investors, employees and the public, while maintaining and expanding trust in DB Group.

Corporate Governance Report 

The Board of Management reports on corporate governance in the DB Group as part of the annual Integrated Report. You will find the current Corporate Governance report here for download:

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2021 Corporate Governance report- DB Group
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I. The Supervisory Board and the Management Board of DB AG declare that since the last declaration was issued on March 24, 2021, the recommendations on the PCGK adopted by the Federal Government on September 16, 2020, have been complied with, with the following exceptions:

These can be found in the 2021 Integrated Report.

II. The Supervisory Board and the Management Board of DB AG further declare that the Group parent company and the companies under its uniform management that are required to apply the Code will, in principle, comply with the recommendations on PCGK 2020 adopted by the German Government on September 16, 2020, with the aforementioned exceptions.

The compensation report outlines the compensation system and lists the individual compensation of the members of the Management Board and the Supervisory Board.

Compensation system of the Management Board

The compensation system for the Management Board of DBAG aims to provide appropriate compensation to members of the Management Board in accordance with their duties and areas of responsibility, while at the same time directly taking into account the performance of each Management Board member and the success of the company.

The appropriate level of compensation is reviewed regularly using a comparison process. This review examines the level of Management Board compensation both in comparison to the external market (horizontal appropriateness) and in comparison to other levels of compensation within the company (vertical appropriateness). If the review shows a need to adjust the compensation system or the level of compensation, the Personnel Committee of the Supervisory Board submits its proposals in this regard to the Supervisory Board for approval. The appropriateness of Management Board compensation was last reviewed in the 2021 financial year.

You can find out more in the current Integrated Report.

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