Corporate legal structure
As the publicly traded parent company, BASF SE takes a central position: Directly or indirectly, it holds the shares in the companies belonging to the BASF Group, and is also the largest operating company. The majority of Group companies cover a broad spectrum of our business. Some concentrate on specific business areas: the Wintershall Group companies, for example, focus on oil and gas activities. In the BASF Group Consolidated Financial Statements, 301 companies including BASF SE are fully consolidated. We consolidate 8 joint operations on a proportional basis, and 34 companies are accounted for using the equity method.
Compensation report and disclosures in accordance with Section 315(4) of the German Commercial Code
The compensation report and the disclosures required by takeover law in accordance with Section 315(4) of the German Commercial Code can be found under Corporate Governance. They form part of the Management’s Report audited by the external auditor