Corporate Governance

We ensure the responsible, value-driven management and control through our system of corporate governance.
It has four key elements:

• good relations with shareholders
  
• effective cooperation between Management Board and Supervisory Board
  
• a system of performance related compensation
  
• transparent and early reporting

Effective corporate governance is a part of our identity. The fundamental basis for this is provided by, above all, the German Stock Corporation Act and the German Corporate Governance Code.

Regulatory agencies and bank shares

Our shares are also listed on the New York Stock Exchange and therefore we are subject to the relevant U.S. capital market laws as well as the rules of the Securities and Exchange Commission (SEC) and the New York Stock Exchange.
Shareholders are involved by law in the fundamental decisions of the bank, such as:

• amendments to the Articles of Association
  
• the issue of new shares and important structural changes

Each Deutsche Bank share certifies the same voting right.

Exercising voting rights

To make it easier for shareholders to exercise their voting rights, we use electronic media for the General Meeting. For example, shareholders can issue their voting instructions via the Internet and we broadcast the speech of the Spokesman of the Board of Managing Directors.