Declaration on Corporate Governance, Corporate Governance Report
The Declaration on Corporate Governance pursuant to Section 289f and Section 315d of the German Commercial Code (HGB) has been combined for
Declaration by the Board of Management and the Supervisory Board of
Daimler AG pursuant to Section 161 of the German Stock Corporation Act (AktG) regarding the German Corporate Governance Code
D&O insurance deductible for the Supervisory Board (Clause 3.8, Paragraph 3)
As in previous years, the Directors’ & Officers’ liability insurance (D&O insurance) also contains a provision for a deductible for the members of the Supervisory Board, which is appropriate in the view of
Maximum number of supervisory board memberships for members of the management board of a listed corporation (Clause 5.4.5 Paragraph 1 Sentence 2)
In accordance with this recommendation, the management board of a listed corporation shall not accept more than a total of three supervisory board memberships in non-group listed corporations or on supervisory bodies of non-group entities that make similar requirements. Whether the number of supervisory board memberships held by a member of the management board of a listed corporation still seems appropriate should, however, be assessed more appropriately on a case-by-case basis than with a rigid upper limit. The individual workload expected for a member of a management board as a result of the total number of memberships held does not necessarily increase in proportion to their number.
|For the Supervisory Board |
Dr. Manfred Bischoff
|For the Board of Management |
This declaration and previous, no longer applicable, declarations of compliance from the past five years are also available at our website at daimler.com/dai/dcgc.