Corporate governance includes the entire system of managing and supervising a company. Bayer AG's Board of Directors and Supervisory Board are committed to management and oversight in a responsible and transparent manner, with the aim of increasing the company's long-term value.
Bayer has always attached great importance to responsible corporate governance. Bayer states that it has fully complied with the German Corporate Governance Regulations in the past, but will not follow the recommendations below in a specific situation.
The Supervisory Board has established five committees, namely, the Jurisdiction Committee, the Audit Committee, the Human Resources Committee, the Nomination Committee and the Innovation Committee, and has assigned specific tasks to them in accordance with the German Corporation Act and the German Corporate Governance Regulations.
Board responsibilities and activities
Bayer is operated by a board of directors, which assumes its own responsibilities. Its goal is to increase the company's corporate value in a sustainable manner and achieve its stated corporate goals. The board of directors performs its tasks in accordance with the law, the company's articles of association and the rules of procedure of the board of directors, and cooperates with other corporate governance institutions in a spirit of trust.
Supervisory Board: Supervisory and Control Functions
The board of supervisors has a total of 20 members and its role is to supervise and propose to the board of directors. According to the German Common Decision Act, half of the members of the supervisory board are elected by shareholders and the other half are employees of the company.
Disclosure of securities transactions
Within a calendar year, when the total value of all transactions involving the purchase or sale of Bayer stock is not less than £ 5,000, members of the board of directors and the board of supervisors and their close relatives must be disclosed in accordance with the law.
Targeted number of female employees in senior management positions
Bayer is working to improve gender balance in management positions. As a result, Bayer has set voluntary and binding goals and is committed to achieving them consistently.
Systematic risk management
Existing control systems enable companies to identify any business or financial risk at an early stage and take appropriate measures to manage it. The control system is to ensure that risks are monitored in a timely manner, all commercial transactions are explained clearly, and reliable data on the company's financial status is always available.
Corporate Compliance Program
Our company's activities are subject to national and local laws and regulations that set out a series of obligations for the Bayer Group and its employees around the world. Bayer manages its business responsibly and complies with the legal and regulatory requirements of the countries in which it operates.
In pursuit of maximum transparency, we provide shareholders, financial analysts, shareholder associations, the media and the public with regular and timely information on significant changes in the status and business activities of the group.