Examples of using Code recommends in English and their translations into German
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Colloquial
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Official
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Ecclesiastic
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Medicine
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Financial
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Ecclesiastic
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Political
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Computer
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Programming
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Official/political
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Political
Number 5.6: The Code recommends that the Supervisory Board conduct a regular examination of the efficiency of its activities.
For the multi-annual variable remuneration of the managementboard that is already provided for by the law, the Code recommends an essentially future-oriented assessment period see section 4.2.3.
Article 4.2.3 of the Code recommends that the remuneration of the Management Board should comprise a variable as well as a fixed component.
Declaration of Compliance The Management Board and Supervisory Board of CENTROTEC Sustainable AG declare that the recommendations of the"Government Commission on the German Corporate Governance Code" as amended on June 24, 2014 and subsequently as amended on May 5, 2016 are and have been complied with since the last Declaration of Conformity, dated April 2015, with the exceptions stated below.1 Article 4.2.1 of the Code recommends that the Management Board should have a Chairman or CEO.
The Code recommends that the management and supervisory body should report annually on the company's corporate governance.
Under clause 5.3.3, the german Corporate governance Code recommends that the supervisory board shall establish a nomination Committee.
The Code recommends giving employees the opportunity to report, in a protected manner, suspected breaches of the law within the Company.
Under clause 5.3.2, the german Corporate governance Code recommends that the supervisory board shall establish an Audit Committee.
The Code recommends in clause 5.4.1 paragraph 5 sentence 2 part 1 that the proposal for a candidate shall be accompanied by a curriculum vitae, providing information on the candidate‘s relevant knowledge, skills and experience.
Section 3.8 of the German Corporate Governance Code recommends that a suitable deductible be agreed where the company takes out a D.
The Code recommends in Section 4.2.2(2) Clause 3 that the Supervisory Board should take into account the relationship between the remuneration of the Executive Board and senior management and staff overall at the present time and over the course of its historical development when determining the total remuneration of individual members of the Executive Board, with the Supervisory Board specifying how the senior management and the relevant staff are to be differentiated for the comparison.
In respect of the variable remuneration of the Board of Management, the Code recommends that retroactive changes to the performance targets and the comparison parameters shall be excluded.
The German Corporate Governance Code recommends that the benefits granted plus fringe benefits, the maximum and minimum attainable remuneration for variable remuneration components as well as the fixed remuneration, short-term and long-term variable remuneration received, together with the benefit expenses for occupational pensions and other maintenance benefits, be presented in the Remuneration Report for every Board of Management member, and that template specimen tables be used for this information.
In response to the abolition of the statutory obligation to draw up quarterly financial reports, the Code recommends that shareholders be informed in an appropriate form of any significant changes in the business outlook and the risk situation during the course of the year, in addition to the half-year financial report item 7.1.1.
The German Corporate Governance Code recommends in 2.3.2 sending notification of the convening of the Shareholders' Meeting along with the convention documents to all domestic and foreign financial services providers, shareholders, and shareholders' associations by electronic means if the approval requirements are fulfilled.
The German Corporate Governance Code recommends in Section 2.3.3 Sentence 2 that a company support the shareholders by providing postal voting opportunities.
In these sections, the Code recommends that the Supervisory Board form an Audit Committee and a Nomination Committee.
Section 5.3 of the Code recommends that the Supervisory Board establishes qualified committees to handle different aspects of the Supervisory Board's remit.
Section 5.3 of the Code recommends that the Supervisory Board establishes technically qualified committees for various tasks of the Supervisory Board.
Cross-sectoral complementarity": the code recommends that donors analyse their strengths and comparative advantages in order to guide future policy.
Number 4.2.3(2) Clauses 2 and 3: The Code recommends that variable compensation elements should generally have a multi-year measurement basis relating mainly to the future.
However, insofar as the Code recommends the opportunity of a protected, anonymous reporting system for employees and third parties, the Company declares that it deviates from the Code in this respect.
The German Corporate Governance Code recommends in Section 5.3 the creation of professionally qualified committees, depending on the specific circumstances of the company and the number of its Supervisory Board members.
The German Corporate Governance Code recommends under Clause 7.1.2 that half-yearly financial reports and any quarterly financial reports be discussed by the Management Board with the Supervisory Board or its Audit Committee prior to publication.
Cross-country complementarity": the code recommends that donors work to correct imbalances between countries that are relatively neglected by aid programmes-- such as fragile states-- and countries that are relatively well-served by aid programmes;
Under Section 4.2.3(3) the German Corporate Governance code recommends that the Supervisory Board take into account in pension commitments the respective targeted remuneration level- also according to the length of service in the Management Board- and the resultant annual and long-term expense for the Company.
Pension commitments Under Section 4.2.3(3) the German Corporate Governance code recommends that the Supervisory Board take into account in pension commitments the respective targeted remuneration level- also according to the length of service in the Management Board- and the resultant annual and long-term expense for the Company.
The Code recommended that, as far as possible, companies should work towards the abolition of segregation within their undertakings.
The relevant provisions in the UK Corporate Governance Code andthe German Corporate Governance Code recommended that a direct appointment of an Executive Board chairman to the chairmanship of the Supervisory Board not be carried out or only be carried out as an exception that has to be justified to the General Meeting.
The Code recommended that companies should formulate specific policies aimed at improving the terms of employment of their black African employees and that the minimum wage should exceed by at least 50% the minimum level required to satisfy the basic needs of an employee and his family.