Overview
The Management’s Report comprises the chapter of the same name, as well as the disclosures required by takeover law and the Declaration of Corporate Governance. These are presented in the Corporate Governance chapter. The Nonfinancial Statement (NFS) is integrated into the Management’s Report.
Disclosures required by takeover law in accordance with section 315a HGB
The disclosures required by takeover law in accordance with section 315a of the German Commercial Code (HGB) can be found in the Corporate Governance chapter. They form part of the Management’s Report, which is audited as part of the annual audit.
Compensation Report
The Compensation Report in accordance with section 162 of the German Stock Corporation Act (AktG) is publicly available on the BASF website together with the assurance statement of the substantive and formal audit issued by the auditor.
Declaration of Corporate Governance in accordance with section 315d HGB in connection with section 289f HGB
The Consolidated Declaration of Corporate Governance in accordance with section 315d HGB in connection with section 289f HGB can be found in the Corporate Governance chapter onward and is a component of the Management’s Report. It comprises the Corporate Governance Report, including the description of the diversity concept for the composition of the Board of Executive Directors and the Supervisory Board (excluding the disclosures required by takeover law in accordance with section 315a HGB), compliance reporting and the Declaration of Conformity pursuant to section 161 of the German Stock Corporation Act. Pursuant to section 317(2) sentence 6 HGB, the auditor checked that the disclosures according to section 315d HGB were made.