Overview
The Combined 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. The combined Nonfinancial Statement (NFS) is also integrated into the Combined Management’s Report.
Disclosures required by takeover law in accordance with sections 289a and 315a HGB
The disclosures required by takeover law in accordance with sections 289a and 315a of the German Commercial Code (HGB) can be found in the Corporate Governance chapter. They form part of the Combined 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 sections 289f and 315d HGB
The Combined Declaration of Corporate Governance of BASF SE and the BASF Group in accordance with sections 289f and 315df HGB can be found in the Corporate Governance chapter and is a component of the Combined 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), compliance reporting, and the Declaration of Conformity pursuant to section 161 AktG. Pursuant to section 317(2) sentence 6 HGB, the auditor checked that the disclosures according to section 315d HGB in accordance with section 289f(2) HGB with were made.
Combined Management’s Report in accordance with GAS 20.22
In the BASF Report 2023, we present the Management’s Reports for the BASF Group and BASF SE – where possible and not otherwise stated – in combined form for the first time in accordance with GAS 20.22. Information relating exclusively to BASF SE is dealt with in the section “Disclosures on BASF SE in accordance with the German Commercial Code (HGB).”