Corporate Governance

As a German stock corporation with a registered office in Munich, Siemens Healthineers is subject to German corporate law. Consequently, the Company has a two-tier management and oversight structure consisting of a Managing Board and a Supervisory Board (two-tier board structure).

The objective of the German Corporate Governance Code is to make the dual German corporate governance system transparent and understandable. The Code includes principles, recommendations and suggestions governing the management and monitoring of German listed companies that are accepted nationally and internationally as standards of good and responsible governance. It aims to promote confidence in the management and supervision of German listed companies by investors, customers, employees and the general public.

The Governmental Commission German Corporate Governance Code is in charge of the Code and reviews it on a continuous basis against the background of national and international developments concerning Corporate Governance principles.

German listed stock corporations shall annually execute and publish a Corporate Governance Statement, parent companies also for the group. This statement combines the Corporate Governance Statement of Siemens Healthineers AG pursuant to Section 289f of the German Commercial Code and the Group Statement on Corporate Governance pursuant to Section 315d of the German Commercial Code. The Corporate Governance Statement is an integral part of the combined management report.