PrintCompliance Statement
Every year, the board of management and the supervisory board of publicly listed stock corporations are required to issue a statement declaring that the recommendations of the "Government Commission on the German Corporate Governance Codex“ have been observed and/or detailing the recommendations that have not been followed, or are not followed. The statement must be kept permanently available to the shareholders. The compliance statements pertaining to previous years are available in PDF format for download at the end of the page.
Declaration of conformity with the German Corporate Governance Code by the Board of Management and Supervisory Board of MTU Aero Engines Holding AG, pursuant to Section 161 of the German Stock Corporation Act (AktG)
The Board of Management and the Supervisory Board of MTU Aero Engines Holding AG declare that the recommendations of the Government Commission on the German Corporate Governance Code, as published in the amended version of May 26, 2010 by the Federal Ministry of Justice in the official section of the electronic Federal Gazette, have been and are being complied with. The Board of Management and the Supervisory Board of MTU Aero Engines Holding AG also intend to follow these recommendations in the future, except as set out below:
Form of Supervisory Board compensation (Section 5.4.6, paragraph 2 of the Code)
The members of the Supervisory Board do not receive performance-related compensation. It is our considered view that a fixed compensation arrangement is appropriate and that it should not be linked to the company’s performance. In our opinion, performance-based compensation is not suitable to furthering the control function exercised by the Supervisory Board.
Munich, December 2011
For the Board of Management For the Supervisory Board
Egon Behle Klaus Eberhardt
Chairman Chairman
PDF Compliance declaration 2010
PDF Compliance declaration 2009
PDF Compliance declaration 2008
PDF Compliance declaration 2007