Public Corporate Governance Codex
The Federal Government amended the Public Corporate Governance Code (PCGK) of the Federal Government on principles of good corporate and investment management by resolution dated September 16, 2020.
The PCGK sets out the essential provisions of applicable law governing the management and monitoring of non-listed companies in which the Federal Republic of Germany holds a majority stake, while outlining the internationally and nationally acknowledged principles of good and responsible corporate management. The objective of the PCGK is to make the corporate management and oversight of companies more transparent and easier to understand as well as to establish more precisely the role of the Federal Government as a shareholder in such companies. Concurrently, the intention is to increase awareness of good corporate governance.
You can download the Public Corporate Governance Code via the link.