The term Corporate Governance denotes the responsible management and supervision of a company. At MTU Aero Engines, Corporate Governance has been a top priority for years. Major principles are efficient and trustful cooperation between the Board of Management and the Supervisory Board, a commitment to act in the shareholders' best interest, as well as open and transparent communication.
The German Corporate Governance Codex, which was adopted in 2002, describes the nationally and internationally recognized standards of good and responsible Corporate Government and lists the statutory provisions for the management and supervision of publicly listed corporations.
For the exact wording of the German Corporate Governance Codex, as amended from time to time, go to http://www.corporate-governance-code.de/index-e.html