Governance and Shareholder Structure
Corporate governance is an important part of a company’s success and of responsible corporate management and supervision. Wacker Chemie AG attaches great importance to the rules of proper corporate governance. In the 2016 annual report, the Executive Board provides details – also on behalf of the Supervisory Board – on corporate governance in accordance with Item 3.10 of the German Corporate Governance Code (the Code) as well as Section 289a (1) and Section 315 (5) of the German Commercial Code (HGB). It contains the Executive and Supervisory Boards’ work procedures, the declaration of conformity pursuant to Section 161 of the German Stock Corporation Act (AktG), and information on key corporate management practices.
Wacker Chemie AG’s largest shareholder continues to be Dr. Alexander Wacker Familiengesellschaft mbH, Munich. It holds over 50 percent of the voting shares in Wacker Chemie AG (2015: over 50 percent). Blue Elephant Holding GmbH (Pöcking, Germany) once again had no voting-share changes to report in 2016, with its holding in Wacker Chemie AG remaining at over 10 percent (2015: over 10 percent).