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 its 2020 Annual Report, the Executive Board provides details – also for the Supervisory Board – on corporate governance in accordance with Principle 22 of the German Corporate Governance Code, as amended December 16, 2019 (the “Code”), and Sections 289f and 315d of the German Commercial Code (HGB).

Declaration on Corporate Management

This document 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 is still Dr. Alexander Wacker Familiengesellschaft mbH, Munich. It holds over 50 percent of the voting shares in Wacker Chemie AG (2019: over 50 percent). Blue Elephant Holding GmbH (Bad Wiessee, Germany) also had no voting-share changes to report in 2020, with its holding in Wacker Chemie AG remaining at over 10 percent (2019: over 10 percent).