Sustainability Report 2015
Responsible enterprise management
State-of-the-art corporate governance is embodied by Hannover Re as a matter of course. In addition to constant engagement with changing legal framework conditions, we provide annually a Declaration of Conformity with the German Corporate Governance Code that can be accessed on the company’s website. Furthermore, the Corporate Governance Principles of Hannover Rück SE undergo regular updating and reflect the recommendations contained in the latest version of the German Corporate Governance Code as amended. The rules defined in our Code of Conduct also reflect the high ethical and legal standards that guide our actions worldwide.
As a listed European joint-stock company (SE) based in Hannover, Hannover Re is subject to SE-specific laws – as well as German laws governing stock corporations and the capital market – and laws on co-determination, especially the participation agreement concluded with the employees. The three governance bodies of Executive Board, Supervisory Board and General Meeting make up the governance structure of the undertaking. Their cooperation is regulated by law and by the company's Articles of Association.