Corporate Governance

Protection of the environment and of natural resources are important corporate goals for Salzgitter AG.

Salzgitter AG has always been firmly committed to a responsible corporate policy geared towards increasing the value of the company. It regards good corporate governance as an integral part of its success, perceiving it as a standard that encompasses all of the divisions of the company and its activities. Over the past year as well, Salzgitter AG has continued to dedicate much time and effort to developing its corporate governance, thereby securing good company management and control. During this process, it has in particular implemented additional recommendations set down in the German Corporate Governance Code, as documented by the submission of its Declaration of Conformity by the Executive Board and the Supervisory Board on December 19, 2006, pursuant to Section 161 of the German Stock Corporation Act (AktG).

To monitor the observance of the recommendations of the Code, the Executive Board of Salzgitter AG has appointed a coordination unit which reports directly and regularly to the Board.