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At a glance

Management and control at comdirect bank are based on generally accepted high standards and comply with the respective valid and applicable legal framework conditions and regulations as well as the requirements of the German Corporate Governance Code (GCGC), unless expressly excluded in the Declaration of Compliance. The recommendations and suggestions in the current version of the GCGC are implemented with only a few exceptions. With the support of the Corporate Governance Officer, the Board of Managing Directors and Supervisory Board closely monitor developments in the ongoing Corporate Governance discussion and systematically refine the standards in place at comdirect bank.

The guiding principles of our responsible company management are

  • cooperation based on trust between the Board of Managing Directors, which manages the company, and the Supervisory Board, which advises and monitors the Board of Managing Directors and exercises its control function efficiently and independently,
  • focus on company interest at all times,
  • responsible and effective risk management,
  • compliance with and monitoring of legal requirements and supervisory regulations, as well as
  • timely and transparent communication both internally and outside the company.

These principles are firmly established in all areas of the bank and determine the framework parameters for strategic decisions and business policy.

Details regarding the tasks of and cooperation between the executive bodies are provided in the Corporate Governance statement, which is available as a download on our website. The principles governing risk management and control are outlined in the risk report. Information on the compliance function is contained in our Corporate Governance report, while our communication with shareholders is detailed in the section “The share” in the group management report.