Corporate governance statement
Corporate governance covers the whole system of managing and monitoring an enterprise, the principles and guidelines that shape its business policy, and the system of internal and external control and monitoring mechanisms. The Executive Board and Supervisory Board of KION GROUP AG believe that a commitment, born from responsibility for the Company, to rigorous corporate governance in accordance with the accepted standards is essential to the Company’s long-term success. Compliance with these principles also promotes the trust that our investors, employees, business partners, and the public have in the management and monitoring of the Company.
In accordance with principle 22 of the German Corporate Governance Code as amended on December 16, 2019 (the ‘2020 Code’), the Supervisory Board and Executive Board report on the Company’s corporate governance in the declaration on corporate governance required by section 289f and section 315d of the German Commercial Code (HGB). The declaration on corporate governance pursuant to section 289f and section 315d HGB is part of the combined management report. According to section 317 (2) sentence 6 HGB, the information provided in accordance with section 289f and section 315d HGB does not have to be reviewed by the auditor.