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Corporate Governance Fundamentals

Corporate Governance Statement

The German Commercial Code, section 315 (5) in connection with section 289a, requires that as a listed company, SAP SE publish a corporate governance statement either as part of our management report or on our Web site. The Executive Board of SAP SE filed the corporate governance statement on February 21, 2017, and published it on our public Web site at www.sap.com/corporate-en/investors/governance.

For more information about the corporate governance of SAP, see the Corporate Governance Report section.

Changes in Management

The Global Managing Board was dissolved on March 31, 2016.

As of April 1, 2016, Stefan Ries and Steve Singh were appointed to the Executive Board. Stefan Ries continued in his role as Chief Human Resources Officer and also took on the position of SAP Labor Relations Director. Steve Singh continued to lead the Business Networks & Applications group. In addition, he took over responsibility for SAP’s solutions for small-to-medium-sized businesses, the SAP Connected Health strategy and solutions, and the Data-as-a-Service (DaaS) business.

Gerhard Oswald retired from his position as Executive Board member upon the end of his term on December 31, 2016.

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