We want to make the rules applicable in Germany transparent and comprehensible and show how these are adopted by init SE. Furthermore, we want to introduce our Management and Supervisory Board members to you.
We want to be measured by our high standards. Therefore, we ask our customers, employees, suppliers and any third party to report any grievances, and in particular violations of applicable law. For this purpose, we have installed a web-based reporting system with an independent service provider. Violations can be completely anonymously reported, provided that country-specific regulations do not restrict this.
In compliance with the Section 161 of the German Stock Corporation Act (AktG), the Managing Board and the Supervisory Board of a listed corporation are required to declare compliance with the recommendations of the Government Commission on the German Corporate Governance Code (DCGK) published by the Federal Ministry of Justice in the official section of the Federal Official Gazette each year, and to disclose any deviation from these recommendations. The Declaration of Compliance with the Code must be accessible on the company’s website for a period of five years. Since the introduction of the DCGK 2002, our company regularly complies with almost all recommendations.
This report informs about the activities, particularly about the monitoring and advising of the Managing Board for which the Supervisory Board is responsible pursuant to the articles of incorporation and the German Stock Corporation Act, and thus makes the deliberations and decisions made by the Supervisory Board in the 2016 financial year transparent.
init SE prepares its consolidated financial statements and the half-year financial report as well as the quarterly statements in accordance with International Financial Reporting Standards (IFRS) as applicable in the European Union.
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