| Dr. Rudolf Schulten (right), CEO of MVV Energie AG |
Corporate governance encompasses all aspects of responsible corporate management and supervision. In addition to internal and external controlling mechanisms, this includes the company's organisational structure and business principles and guidelines. By applying the principles of good corporate governance, companies are able to raise the level of trust placed in them by investors, financial markets, business partners, employees and the general public.
The Corporate Governance Code published by the Government Commission on the German Corporate Governance Code aims to render the principles of corporate management and supervision transparent and comprehensible. It is largely based on the legal regulations governing corporate management and supervision. Moreover, the Code includes recommendations which go beyond the legal regulations, from which companies, however, may deviate. The executive and supervisory boards of publicly listed companies are required to submit an annual Statement of Compliance pursuant to Section 161 of the German Stock Corporation Act (AktG) outlining the extent to which they have complied with or deviated from these recommendations. Furthermore, the Code also provides suggestions from which companies may deviate without being required to disclose their reasons for doing so.
The MVV Energie Group is committed to responsible value-based corporate management. Within the framework of this objective, we provide our shareholders and the general public with up-to-date, comprehensive, open and prompt information about our current and planned course business. In this respect, we have made particular use of our company's website (www.mvv-investor.de). The information published on this site includes the financial calendar, which sets out the most significant reporting dates of MVV Energie AG.
Our accounting practices are also based on national and international standards. The consolidated financial statements of MVV Energie AG compiled in accordance with International Financial Reporting Standards (IFRS), while the annual financial statements of MVV Energie AG based on the principles of the German Commercial Code (HGB).
| © MVV Energie AG, Mannheim |