Responsibility Transparency and Governance Corporate Governance SAP’s Corporate Governance Report as Required by
the German Corporate Governance Code, Section 3.10
Recognizing the need to practice corporate governance in its day-to-day business operations, SAP led the way in Germany by publishing its own Principles of Corporate Governance in 2001 even before the German Corporate Governance Code entered force. The Principles are based not just on national standards but also on internationally accepted regulations for transparent, responsible management. This report on corporate governance at SAP in 2006, prepared by the SAP Executive and Supervisory Boards, is a requirement of the German Corporate Governance Code (“Code”), section 3.10.
Corporate governance brings together all international and national values and principles for good and responsible management that apply to a company’s executive and supervisory bodies as well as its employees. However, corporate governance should not be seen as a rigid system of rules and regulations but rather as an ongoing process in which values and principles constantly evolve in line with current requirements.
AMENDMENTS TO SAP’S PRINCIPLES OF CORPORATE GOVERNANCE IN 2006
2006 COMPLIANCE DECLARATION PURSUANT TO THE GERMAN STOCK CORPORATION ACT, SECTION 161
APPLYING INTERNATIONAL CORPORATE GOVERNANCE STANDARDS
TRANSPARENCY, COMMUNICATION, AND SERVICE FOR SHAREHOLDERS