Corporate Governance

Processes and regulations which direct our way of working

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.

Code of Conduct

Our Ethical Guidelines are the basis of our corporate culture. As the framework of our daily actions they define the special character of init worldwide.

Reporting system

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.

Management Board

Dr. Gottfried Greschner

Chief Executive Officer

Dr. Jürgen Greschner

Chief Sales Officer and

Deputy Chief Executive Officer

Jennifer Bodenseh

Chief Financial Officer

Matthias Kühn

Chief Operating Officer

Supervisory Board

Hans-Joachim Rühlig


Ulrich Sieg

Deputy Chairman

Christina Greschner


Hans Rat



Competency Profile for Supervisory Board Members of init SE

Corporate Governance Report 2019


In the Corporate Governance Report, init SE provides information on the principles of management pursuant to § 289f of the German Commercial Code (HGB) and on the corporate governance of the company pursuant to § 161 of the German Stock Corporation Act (AktG) and recommendation 3.10 of the German Corporate Governance Code. In addition to the Declaration of Compliance with the German Corporate Governance Code, the report also contains information on management practise as well as on the composition and working methods of the Managing Board and Supervisory Board.

In our archive you will find the Corporate Governance Reports up to the year 2012 including the Declaration of Compliance and the Corporate Management Declaration.

Report of the Supervisory Board

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 2019 financial year transparent.

Audit Opinion

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.

Investor Service

Do you have any questions or comments about investor relations? We are here to help.

Simone Fritz

Investor Relations
init SE
Tel.: +49-(0)721-6100-115
Fax.: +49-(0)721-6100-130

Email: ir_prefix@initse._suffixcom