Corporate Governance objectives
Corporate Governance describes for the Executive Board and Supervisory
Board of Hannover Re a changing institutional framework for the management and supervision of the company in all
key areas of enterprise constitution. The goal is to bring about sustained growth in the value of the company as well as
to strengthen and consolidate on a lasting basis the trust placed in the enterprise by our shareholders, business partners,
clients, employees and the general public.
This year the company was again in compliance with the recommendations of the German Corporate Governance Code
(DCGK) in all respects. Hannover Re promptly took up and acted on the resolutions regarding refinement of the
Code adopted by the Government Commission on the German Corporate Governance Code on 14 June 2007:
- In November 2007 the Supervisory Board constituted a Supervisory Board Nomination Committee.
- The rules of procedure of the Supervisory Board's Balance Sheet Committee were extended such that the committee now
bears additional responsibility for compliance matters.
- Explicit responsibility for compliance is also enshrined in the Executive Board's schedule of responsibility.
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