The WACKER Group has five business divisions offering a broad range of innovative and highly-developed products and services. WACKER is based on a matrix organization with clearly defined functions. Our five divisions have global responsibility for their own products, manufacturing facilities, markets, customers and results. Regional organizations are responsible for all business activities in their areas. Aside from the divisions, WACKER maintains corporate departments. Although they primarily provide services groupwide, some also have production-related functions. No organizational changes to this structure are planned.
In November 2005, WACKER became a stock corporation (AG) under German law. Headquartered in Munich, Wacker Chemie AG holds a direct or indirect stake in 60 companies belonging to the WACKER Group. Our financial statements include 54 companies that have been fully consolidated and 6 accounted for using the equity method.
Accounting
WACKER prepares its consolidated financial statements in accordance with International Financial Reporting Standards (IFRS) valid on the reporting date; with interpretations of the International Financial Reporting Interpretations Committee (IFRIC), as applicable in the European Union; and with the supplementary rules in Section 315 a, Subsection 1 of the German Commercial Code (HGB). See further details starting on General Overview
For the Declaration on Corporate Management and Corporate Governance, as well as the Compensation Report see further details on:
Corporate Governance
www.wacker.com/corporate-governance