Corporate Governance

Corporate Governance

Corporate Governance declaration pursuant to § 161 AktG

Corporate Governance declaration pursuant to § 161 AktG 

Pursuant to Section 161 of the Stock Corporation Act (Aktiengesetz - AktG), and in analogous application of the stipulations of the German Corporate Governance Code, the management and the Supervisory Board of CTS Eventim AG & Co. KGaA have on 07 November 2019 made the following declaration of compliance:  

“Since submitting the last declaration of compliance, CTS Eventim AG & Co. KGaA has complied, and complies currently and going forward, with the recommendations of the Government Commission on the German Corporate Governance Code (GCGC) in the version published on 24. April 2017 in the electronic Bundesanzeiger with the exception of the following recommendations: 

In compliance with the regulations governing the Prime Standard segment of the Frankfurt Stock Exchange, interim reports are published within 60 days after the end of each reporting period, since this makes it easier to ensure that reliable figures may also be obtained from the various unlisted group companies in Germany and abroad (GCGC 7.1.2).  

No Supervisory Board committees are formed because the Board consists of only four members. Given this situation, the company does not believe the formation of committees to be conducive to increasing the efficiency of the Supervisory Board’s work (GCGC 5.3.1, 5.3.2 and 5.3.3). For the same reason, the Supervisory Board continues to refrain from specifying and publishing concrete objectives for its composition or profiles on skills and expertise (GCGC 5.4.1). A regular limit of length of membership for the members of the Supervisory Board (GCGC 5.4.1) has not been specified, since the company believes personnel continuity has proved its worth and regular replacement would negatively impact efficiency.  

No age limit has been specified by the Supervisory Board as yet for members of the Management Board because the company sees no cause for limiting the options available to the Supervisory Board – and hence to shareholders – when appointing members of the Management Board (GCGC 5.1.2).  

The D&O policies for the members of the Supervisory Board do not contain own-risk deductions, since such risk contributions appear to be neither required, nor appropriate, nor reasonable in view of the moderate amount of compensation paid (GCGC 3.8). 

Although the agenda of the Annual Shareholders’ Meeting and required Management Board reports (if any) may be published on the Internet in addition to the Annual Report, other documents pertaining to agenda items, such as contracts or annual financial statements, are not published in order to protect the company’s confidential information. These documents are made available to company shareholders only, in accordance with statutory requirements (GCGC 2.3.1).” 

In addition, CTS Eventim AG & Co. KGaA already adheres in large measure to the additional GCGC suggestions regarding good corporate governance. 

Corporate Governance declaration pursuant to § 161 AktG

Pursuant to Section 161 of the Stock Corporation Act (Aktiengesetz - AktG), and in analogous application of the stipulations of the German Corporate Governance Code, the management and the Supervisory Board of CTS Eventim AG & Co. KGaA have on 06 November 2018 made the following declaration of compliance:

“Since submitting the last declaration of compliance, CTS Eventim AG & Co. KGaA has complied, and complies currently and going forward, with the recommendations of the Government Commission on the German Corporate Governance Code (GCGC) in the version published on 24. April 2017 in the electronic Bundesanzeiger with the exception of the following recommendations:

In compliance with the regulations governing the Prime Standard segment of the Frankfurt Stock Exchange, interim reports are published within 60 days after the end of each reporting period, since this makes it easier to ensure that reliable figures may also be obtained from the various unlisted group companies in Germany and abroad (GCGC 7.1.2).

No Supervisory Board committees are formed because the Board consists of only four members. Given this situation, the company does not believe the formation of committees to be conducive to increasing the efficiency of the Supervisory Board’s work (GCGC 5.3.1, 5.3.2 and 5.3.3). For the same reason, the Supervisory Board continues to refrain from specifying and publishing concrete objectives for its composition or profiles on skills and expertise (GCGC 5.4.1). A regular limit of length of membership for the members of the Supervisory Board (GCGC 5.4.1) has not been specified, since the company believes personnel continuity has proved its worth and regular replacement would negatively impact efficiency.

No age limit has been specified by the Supervisory Board as yet for members of the Management Board because the company sees no cause for limiting the options available to the Supervisory Board – and hence to shareholders – when appointing members of the Management Board (GCGC 5.1.2).

The D&O policies for the members of the Supervisory Board do not contain own-risk deductions, since such risk contributions appear to be neither required, nor appropriate, nor reasonable in view of the moderate amount of compensation paid (GCGC 3.8).

Although the agenda of the Annual Shareholders’ Meeting and required Management Board reports (if any) may be published on the Internet in addition to the Annual Report, other documents pertaining to agenda items, such as contracts or annual financial statements, are not published in order to protect the company’s confidential information. These documents are made available to company shareholders only, in accordance with statutory requirements (GCGC 2.3.1).”

In addition, CTS Eventim AG & Co. KGaA already adheres in large measure to the additional GCGC suggestions regarding good corporate governance.”

Corporate Governance declaration pursuant to § 161 AktG

Pursuant to Section 161 of the Stock Corporation Act (Aktiengesetz - AktG), and in analogous application of the stipulations of the German Corporate Governance Code, the management and the Supervisory Board of CTS Eventim AG & Co. KGaA have on 09 November 2017 made the following declaration of compliance:

“Since submitting the last declaration of compliance, CTS Eventim AG & Co. KGaA has complied, and complies currently and going forward, with the recommendations of the Government Commission on the German Corporate Governance Code (GCGC) in the version published on 24. April 2017 in the electronic Bundesanzeiger with the exception of the following recommendations:

In compliance with the regulations governing the Prime Standard segment of the Frankfurt Stock Exchange, interim reports are published within 60 days after the end of each reporting period, since this makes it easier to ensure that reliable figures may also be obtained from the various unlisted group companies in Germany and abroad (GCGC 7.1.2).

No Supervisory Board committees are formed because the Board consists of only four members. Given this situation, the company does not believe the formation of committees to be conducive to increasing the efficiency of the Supervisory Board’s work (GCGC 5.3.1, 5.3.2 and 5.3.3). For the same reason, the Supervisory Board continues to refrain from specifying and publishing concrete objectives for its composition or profiles on skills and expertise (GCGC 5.4.1). A regular limit of length of membership for the members of the Supervisory Board (GCGC 5.4.1) has not been specified, since the company believes personnel continuity has proved its worth and regular replacement would negatively impact efficiency.

No age limit has been specified by the Supervisory Board as yet for members of the Management Board because the company sees no cause for limiting the options available to the Supervisory Board – and hence to shareholders – when appointing members of the Management Board (GCGC 5.1.2).

The D&O policies for the members of the Supervisory Board do not contain own-risk deductions, since such risk contributions appear to be neither required, nor appropriate, nor reasonable in view of the moderate amount of compensation paid (GCGC 3.8).

Although the agenda of the Annual Shareholders’ Meeting and required Management Board reports (if any) may be published on the Internet in addition to the Annual Report, other documents pertaining to agenda items, such as contracts or annual financial statements, are not published in order to protect the company’s confidential information. These documents are made available to company shareholders only, in accordance with statutory requirements (GCGC 2.3.1).”

In addition, CTS Eventim AG & Co. KGaA already adheres in large measure to the additional GCGC suggestions regarding good corporate governance.

Corporate Governance declaration pursuant to § 161 AktG

Pursuant to Section 161 of the Stock Corporation Act (Aktiengesetz - AktG), and in analogous application of the stipulations of the German Corporate Governance Code, the management and the Supervisory Board of CTS Eventim AG & Co. KGaA have on 15. November 2016 made the following declaration of compliance: 

“Since submitting the last declaration of compliance, CTS Eventim AG & Co. KGaA has complied, and complies currently and going forward, with the recommendations of the Government Commission on the German Corporate Governance Code (GCGC) in the version published on 12. June 2015 in the electronic Bundesanzeiger with the exception of the following recommendations: 

In compliance with the regulations governing the Prime Standard segment of the Frankfurt Stock Exchange, interim reports are published within 60 days after the end of each reporting period, since this makes it easier to ensure that reliable figures may also be obtained from the various unlisted group companies in Germany and abroad (GCGC 7.1.2). 

No Supervisory Board committees are formed because the Board consists of only three members. Given this situation, the company does not believe the formation of committees to be conducive to increasing the efficiency of the Supervisory Board’s work (GCGC 5.3.1, 5.3.2 and 5.3.3). For the same reason, the Supervisory Board continues to refrain from specifying concrete objectives regarding its composition (GCGC 5.4.1). A regular limit of length of membership for the members of the Supervisory Board (GCGC 5.4.1) has not been specified, since the company believes personnel continuity has proved its worth and regular replacement would negatively impact efficiency. 

No age limit has been specified by the Supervisory Board as yet for members of the Management Board because the company sees no cause for limiting the options available to the Supervisory Board – and hence to shareholders – when appointing members of the Management Board (GCGC 5.1.2). 

The D&O policies for the members of the Supervisory Board do not contain own-risk deductions, since such risk contributions appear to be neither required, nor appropriate, nor reasonable in view of the moderate amount of compensation paid (GCGC 3.8). 

Although the agenda of the Annual Shareholders’ Meeting and required Management Board reports (if any) may be published on the Internet in addition to the Annual Report, other documents pertaining to agenda items, such as contracts or annual financial statements, are not published in order to protect the company’s confidential information. These documents are made available to company shareholders only, in accordance with statutory requirements (GCGC 2.3.1).” 

In addition, CTS Eventim AG & Co. KGaA already adheres in large measure to the additional GCGC suggestions regarding good corporate governance. 

Corporate Governance declaration pursuant to § 161 AktG

Pursuant to Section 161 of the Stock Corporation Act (Aktiengesetz - AktG), and in analogous application of the stipulations of the German Corporate Governance Code, the management and the Supervisory Board of CTS Eventim AG & Co. KGaA have on 17. December 2015 made the following declaration of compliance: 

“Since submitting the last declaration of compliance, CTS Eventim AG & Co. KGaA (formerly CTS EVENTIM AG) has complied, and complies currently and going forward, with the recommendations of the Government Commission on the German Corporate Governance Code (GCGC) in the version published on 12. June 2015 in the electronic Bundesanzeiger with the exception of the following recommendations: 

In compliance with the regulations governing the Prime Standard segment of the Frankfurt Stock Exchange, interim reports are published within 60 days after the end of each reporting period, since this makes it easier to ensure that reliable figures may also be obtained from the various unlisted group companies in Germany and abroad (GCGC 7.1.2). 

No Supervisory Board committees are formed because the Board consists of only three members. Given this situation, the company does not believe the formation of committees to be conducive to increasing the efficiency of the Supervisory Board’s work (GCGC 5.3.1, 5.3.2 and 5.3.3). For the same reason, the Supervisory Board continues to refrain from specifying concrete objectives regarding its composition (GCGC 5.4.1). A regular limit of length of membership for the members of the Supervisory Board (GCGC 5.4.1) has not been specified, since the company believes personnel continuity has proved its worth and regular replacement would negatively impact efficiency. 

No age limit has been specified by the Supervisory Board as yet for members of the Management Board because the company sees no cause for limiting the options available to the Supervisory Board – and hence to shareholders – when appointing members of the Management Board (GCGC 5.1.2). 

The D&O policies for the members of the Supervisory Board do not contain own-risk deductions, since such risk contributions appear to be neither required, nor appropriate, nor reasonable in view of the moderate amount of compensation paid (GCGC 3.8). 

Although the agenda of the Annual Shareholders’ Meeting and required Management Board reports (if any) may be published on the Internet in addition to the Annual Report, other documents pertaining to agenda items, such as contracts or annual financial statements, are not published in order to protect the company’s confidential information. These documents are made available to company shareholders only, in accordance with statutory requirements (GCGC 2.3.1).” 

In addition, CTS Eventim AG & Co. KGaA already adheres in large measure to the additional GCGC suggestions regarding good corporate governance.” 

Corporate Governance declaration pursuant to § 161 AktG

Pursuant to Section 161 of the Stock Corporation Act (Aktiengesetz - AktG), and in analogous application of the stipulations of the German Corporate Governance Code, the management and the Supervisory Board of CTS Eventim AG & Co. KGaA have on 26. August 2014 made the following declaration of compliance: 

“Since submitting the last declaration of compliance, CTS Eventim AG & Co. KGaA (formerly CTS EVENTIM AG) has complied, and complies currently and going forward, with the recommendations of the Government Commission on the German Corporate Governance Code (GCGC) in the version published on 10. June 2013 in the electronic Bundesanzeiger with the exception of the following recommendations: 

In compliance with the regulations governing the Prime Standard segment of the Frankfurt Stock Exchange, interim reports are published within 60 days after the end of each reporting period, since this makes it easier to ensure that reliable figures may also be obtained from the various unlisted group companies in Germany and abroad (GCGC 7.1.2). 

No Supervisory Board committees are formed because the Board consists of only three members. Given this situation, the company does not believe the formation of committees to be conducive to increasing the efficiency of the Supervisory Board’s work (GCGC 5.3.1, 5.3.2 and 5.3.3). For the same reason, the Supervisory Board continues to refrain from specifying concrete objectives regarding its composition (GCGC 5.4.1). 

No age limit has been specified by the Supervisory Board as yet for members of the Management Board because the company sees no cause for limiting the options available to the Supervisory Board – and hence to shareholders – when appointing members of the Management Board (GCGC 5.1.2). 

The D&O policies for the members of the Supervisory Board do not contain own-risk deductions, since such risk contributions appear to be neither required, nor appropriate, nor reasonable in view of the moderate amount of compensation paid (GCGC 3.8). 

Although the agenda of the Annual Shareholders’ Meeting and required Management Board reports (if any) may be published on the Internet in addition to the Annual Report, other documents pertaining to agenda items, such as contracts or annual financial statements, are not published in order to protect the company’s confidential information. These documents are made available to company shareholders only, in accordance with statutory requirements (GCGC 2.3.1).” 

In addition, CTS Eventim AG & Co. KGaA already adheres in large measure to the additional GCGC suggestions regarding good corporate governance. 

Corporate Governance declaration pursuant to § 161 AktG

On 12 November 2013, the Management Board and Supervisory Board of CTS EVENTIM AG submitted another declaration of compliance with the recommendations of the ‘Government Commission on the German Corporate Governance Code’, pursuant to Section 161 of the Stock Corporation Act (Aktiengesetz - AktG). The declaration of compliance reads as follows: 

“Since submitting the last declaration of compliance, CTS EVENTIM AG has complied, and continues to comply, with the recommendations of the Government Commission on the German Corporate Governance Code (GCGC) in the version published on 10. June 2013 in the electronic Bundesanzeiger with the exception of the following recommendations: 

In compliance with the regulations governing the Prime Standard segment of the Frankfurt Stock Exchange, interim reports are published within 60 days after the end of each reporting period, since this makes it easier to ensure that reliable figures may also be obtained from the various unlisted group companies in Germany and abroad (GCGC 7.1.2). 

No Supervisory Board committees are formed because the Board consists of only three members. Given this situation, the company does not believe the formation of committees to be conducive to increasing the efficiency of the Supervisory Board’s work (GCGC 5.3.1, 5.3.2 and 5.3.3). For the same reason, the Supervisory Board continues to refrain from specifying concrete objectives regarding its composition (GCGC 5.4.1). 

No age limit has been specified by the Supervisory Board as yet for members of the Management Board because the company sees no cause for limiting the options available to the Supervisory Board – and hence to shareholders – when appointing members of the Management Board (GCGC 5.1.2). 

The D&O policies for the Management Board do include own-risk deductions as required by § 93 (2) sentence 3 AktG, but own risk contributions by members of the Supervisory Board appear to be neither required, nor appropriate, nor reasonable in view of the moderate amount of compensation paid (GCGC 3.8). 

Although the agenda of the Annual Shareholders’ Meeting and required Management Board reports (if any) may be published on the Internet in addition to the Annual Report, other documents pertaining to agenda items, such as contracts or annual financial statements, are not published in order to protect the company’s confidential information. These documents are made available to company shareholders only, in accordance with statutory requirements (GCGC 2.3.1).”

In addition, CTS EVENTIM AG already adheres in large measure to the additional GCGC suggestions regarding good corporate governance. 

Corporate Governance declaration pursuant to § 161 AktG

On 13 November 2012, the Management Board and Supervisory Board of CTS EVENTIM AG submitted another declaration of compliance with the recommendations of the ‘Government Commission on the German Corporate Governance Code’, pursuant to Section 161 of the Stock Corporation Act (Aktiengesetz - AktG). The declaration of compliance reads as follows: 

“Since submitting the last declaration of compliance, CTS EVENTIM AG has complied, and continues to comply, with the recommendations of the Government Commission on the German Corporate Governance Code (GCGC) in the version published on 15. June 2012 in the electronic Bundesanzeiger with the exception of the following recommendations: 

In compliance with the regulations governing the Prime Standard segment of the Frankfurt Stock Exchange, interim reports are published within 60 days after the end of each reporting period, since this makes it easier to ensure that reliable figures may also be obtained from the various unlisted group companies in Germany and abroad (GCGC 7.1.2). 

No Supervisory Board committees are formed because the Board consists of only three members. Given this situation, the company does not believe the formation of committees to be conducive to increasing the efficiency of the Supervisory Board’s work (GCGC 5.3.1, 5.3.2 and 5.3.3). For the same reason, the Supervisory Board continues to refrain from specifying concrete objectives regarding its composition (GCGC 5.4.1). 

No age limit has been specified by the Supervisory Board as yet for members of the Management Board because the company sees no cause for limiting the options available to the Supervisory Board – and hence to shareholders – when appointing members of the Management Board (GCGC 5.1.2). 

The D&O policies for the Management Board do include own-risk deductions as required by § 93 (2) sentence 3 AktG, but own risk contributions by members of the Supervisory Board appear to be neither required, nor appropriate, nor reasonable in view of the moderate amount of compensation paid (GCGC 3.8). 

Although the agenda of the Annual Shareholders’ Meeting and required Management Board reports (if any) may be published on the Internet in addition to the Annual Report, other documents pertaining to agenda items, such as contracts or annual financial statements, are not published in order to protect the company’s confidential information. These documents are made available to company shareholders only, in accordance with statutory requirements (GCGC 2.3.1).”

In addition, CTS EVENTIM AG already adheres in large measure to the additional GCGC suggestions regarding good corporate governance. 

Corporate Governance declaration pursuant to § 161 AktG

On 20 January 2012, the Management Board and Supervisory Board of CTS EVENTIM AG & Co. KGaA submitted another declaration of compliance with the recommendations of the ‘Government Commission on the German Corporate Governance Code’, pursuant to Section 161 of the Stock Corporation Act (Aktieng-esetz - AktG). The declaration of compliance reads as follows: 

“Since submitting the last declaration of compliance, CTS EVENTIM AG & Co. KGaA has complied, and continues to comply, with the recommendations of the Government Commission on the German Corporate Gov-ernance Code (GCGC) in the version dated 26 May 2010, with the exception of the following recom-mendations: 

In compliance with the regulations governing the Prime Standard segment of the Frankfurt Stock Exchange, interim reports are published within 60 days after the end of each reporting period, since this makes it easier to ensure that reliable figures may also be obtained from the various unlisted group companies in Germany and abroad (GCGC 7.1.2). 

Information relating to third-party companies in which the company is invested are published when such investments are included in consolidation, which means that all the significant in-vestments of the company are disclosed (GCGC 7.1.4). 

No Supervisory Board committees are formed because the Board consists of only three mem-bers. Given this situation, the company does not believe the formation of committees to be conducive to increasing the efficiency of the Supervisory Board’s work (GCGC 5.3.1, 5.3.2 and 5.3.3). For the same reason, the Supervisory Board continues to refrain from specifying concrete objectives regarding its composition (GCGC 5.4.1). 

Performance-based compensation of Supervisory Board members has been waived for reasons of cost, since such a system would only make sense if accompanied by a substantial increase in the compensation paid to Supervisory Board members (GCGC 5.4.6). 

No age limit has been specified by the Supervisory Board as yet for members of the Manage-ment Board because the company sees no cause for limiting the options available to the Su-pervisory Board – and hence to shareholders – when appointing members of the Management Board (GCGC 5.1.2). 

The D&O policies for the Management Board do include own-risk deductions as required by § 93 (2) sentence 3 AktG, but own risk contributions by members of the Supervisory Board appear to be neither required, nor appropriate, nor reasonable in view of the moderate amount of compensation paid (GCGC 3.8). 

Although the agenda of the Annual Shareholders’ Meeting and required Management Board reports (if any) may be published on the Internet in addition to the Annual Report, other docu-ments pertaining to agenda items, such as contracts or annual financial statements, are not published in order to protect the company’s confidential information. These documents are made available to company shareholders only, in accordance with statutory requirements (GCGC, item 2.3.1). 

The company continues to assist the shareholders in the use of proxies by arranging for the appointment of a representative to exercise shareholders' voting rights in accordance with in-structions. In the interest of reducing administrative effort and cost, it does, however, not provide arrangements for postal voting (GCGC 2.3.3).” 

In addition, CTS EVENTIM AG & Co. KGaA already adheres in large measure to the additional GCGC suggestions regarding good corporate governance. 

Corporate Governance declaration pursuant to § 161 AktG

On 9 December 2010, the Management Board and Supervisory Board of CTS EVENTIM AG & Co. KGaA submitted another declaration of compliance with the recommendations of the ‘Government Commission on the German Corporate Governance Code’, pursuant to Section 161 of the Stock Corporation Act (Aktiengesetz - AktG). The declaration of compliance reads as follows: 

“Since submitting the last declaration of compliance, CTS EVENTIM AG & Co. KGaA has complied with the recommendations of the Government Commission on the German Corporate Governance Code (GCGC), in the version dated 18 June 2009, and also complies with the recommendations issued by the Government Commission on the German Corporate Governance Code (GCGC), in the version dated 26 May 2010, with the exception of the following recommendations: 

In compliance with the regulations governing the Prime Standard segment of the Frankfurt Stock Exchange, interim reports are published within 60 days after the end of each reporting period, since this makes it easier to ensure that reliable figures may also be obtained from the various unlisted group companies in Germany and abroad (GCGC 7.1.2). 

Information relating to third-party companies in which the company is invested are published when such investments are included in consolidation, which means that all the significant investments of the company are disclosed (GCGC 7.1.4). 

No Supervisory Board committees are formed because the Board consists of only three members. Given this situation, the company does not believe the formation of committees to be conducive to increasing the efficiency of the Supervisory Board’s work (GCGC 5.3.1, 5.3.2 and 5.3.3). For the same reason, the Supervisory Board continues to refrain from specifying concrete objectives regarding its composition (GCGC 5.4.1) 

Performance-based compensation of Supervisory Board members has been waived for reasons of cost, since such a system would only make sense if accompanied by a substantial increase in the compensation paid to Supervisory Board members (GCGC 5.4.6). 

No age limit has been specified by the Supervisory Board as yet for members of the Management Board because the company sees no cause for limiting the options available to the Supervisory Board – and hence to shareholders – when appointing members of the Management Board (GCGC 5.1.2). 

The D&O policies for the Management Board do include own-risk deductions as required by § 93 (2) sentence 3 AktG, but own risk contributions by members of the Supervisory Board appear to be neither required, nor appropriate, nor reasonable in view of the moderate amount of compensation paid (GCGC 3.8).

Although the agenda of the Annual Shareholders’ Meeting and required Management Board reports (if any) may be published on the Internet in addition to the Annual Report, other documents pertaining to agenda items, such as contracts or annual financial statements, are not published in order to protect the company’s confidential information. These documents are made available to company shareholders only, in accordance with statutory requirements (GCGC, item 2.3.1).

The company continues to assist the shareholders in the use of proxies by arranging for the appointment of a representative to exercise shareholders' voting rights in accordance with instructions. In the interest of reducing administrative effort and cost, it does, however, not provide arrangements for postal voting (GCGC 2.3.3).” 

In addition, CTS EVENTIM AG & Co. KGaA already adheres in large measure to the additional GCGC suggestions regarding good corporate governance. 

Corporate Governance declaration pursuant to § 161 AktG

On 19 March 2010, the Management Board and Supervisory Board of CTS EVENTIM AG & Co. KGaA submitted another declaration of compliance with the recommendations of the ‘Government Commission on the German Corporate Governance Code’, pursuant to Section 161 of the Stock Corporation Act (Aktiengesetz - AktG). The declaration of compliance reads as follows: 

‘Since submitting the last declaration of compliance, CTS EVENTIM AG & Co. KGaA has complied with the recommendations of the Government Commission on the German Corporate Governance Code (GCGC), in the version dated 6 June 2008, and also complies with the recommendations issued by the Government Commission on the German Corporate Governance Code (GCGC), in the version dated 18 June 2009, with the exception of the following recommendations. 

In compliance with the regulations governing the Prime Standard segment of the Frankfurt Stock Exchange, interim reports are published within 60 days after the end of each reporting period (GCGC, item 7.1.2), since this makes it easier to ensure that reliable figures may also be obtained from the many unlisted corporations in Germany and abroad. 

Information relating to third-party companies in which the company is invested are published when such investments are included in consolidation (GCGC, item 7.1.4), which means that all the significant investments of the company are disclosed. 

No Supervisory Board committees are formed because the Board consists of only three members. In the estimation of the company, the creation of committees is not conducive to increasing the efficiency of the Supervisory Board’s work (items 5.3.1, 5.3.2 and 5.3.3). 

Performance-based compensation of Supervisory Board members has been waived for reasons of cost, since such a system would only make sense if accompanied by a substantial increase in the compensation paid to Supervisory Board members (GCGC item 5.4.6). 

No age limit has been specified by the Supervisory Board as yet for members of the Management Board (GCGC item 5.1.2) because the company sees no cause for limiting the options available to the Supervisory Board – and hence to shareholders – when appointing members of the Management Board. 

The D&O policies for the Management Board and Supervisory Board do not include any own-risk deductions to date (GCGC, item 3.8). Existing contracts for Management Board members will be adjusted, by 01.07.2010, to the new rules in § 93 (2) sentence 3 AktG introduced by the law limiting executive compensation (Vorstandvergütungsbegrenzungsgesetz), but own contributions by members of the Supervisory Board appear to be neither required, nor appropriate, nor reasonable in view of the moderate amount of compensation paid. 

Although the agenda of the Annual Shareholders’ Meeting and possibly some Management Board reports may be published on the Internet in addition to the Annual Report, other documents pertaining to agenda items, such as contracts or annual financial statements, are not published in order to protect the company’s confidential information. These documents are made available to company shareholders only, in accordance with statutory requirements (GCGC, item 2.3.1).’

In addition, CTS EVENTIM AG & Co. KGaA already adheres in large measure to the additional GCGC suggestions regarding good corporate governance. 

Corporate Governance declaration pursuant to § 161 AktG

On 13.11.2008, the CTS Eventim AG Management Board and Supervisory Board submitted another declaration of compliance regarding the recommendations of the government commission on the German Corporate Governance Code (GCGC) (Deutscher Corporate Governance Kodex (DCGK)) under § 161 of the German Stock Companies Act (AktG). The declaration of compliance reads as follows: 

"CTS Eventim AG complies with the recommendations of the government commission on the German Corporate Governance Code (GCGC) as in force from 06.06.2008 onwards with the following exceptions: 

In accordance with the regulations governing the Prime Standard Segment of the Frankfurt Stock Exchange, which are binding for the company, the publication of interim reports is effected within 60 days of the end of the relevant reporting period (GCGC fig. 7.1.2). 

Information relating to third party companies in which the Company has a shareholding is published only in the case of consolidation (GCGC fig. 7.1.4). 

No committees of the Supervisory Board of the Company have been formed, since in any event the Supervisory Board consists of only three members (fig. 5.3.1, 5.3.2 and 5.3.3). 

For reasons of cost, the introduction of a performance-related compensation for the members of the Supervisory Board has not been taken into consideration, as this would call for a substantial increase in Supervisory Board members’ compensations (GCGC fig. 5.4.5). 

An age limit for members of the Management Board has not so far been set by the Supervisory Board (GCGC fig. 5.1.2). 

To date, the D&O policies for the Board and the Supervisory Board have not included a deductible (GCGC fig. 3.8). These policies have been in force for several years and the company does not intend making any changes at present. 

In order to protect confidential information, only management reports required by law are published on the internet besides the agenda for the general meeting and the Consolidated Financial Statement, but not other documents like contracts and statements of other companies. These other documents are only made available to the shareholders of the company in accordance with legal requirements (GCGC fig. 2.3.1).” 

Furthermore, CTS EVENTIM AG & Co. KGaA already follows in large measure the additional GCGC suggestions regarding Corporate Governance. 

Corporate Governance declaration pursuant to § 161 AktG

On 18 December 2007, the CTS Eventim AG Management Board and Supervisory Board submitted another declaration of compliance regarding the recommendations of the government commission on the German Corporate Governance Code (GCGC) (Deutscher Corporate Governance Kodex (DCGK)) under § 161 of the German Stock Companies Act (AktG). The declaration of compliance reads as follows: 

"CTS Eventim AG complies with the recommendations of the government commission on the German Corporate Governance Code (GCGC) as published in electronic Bundesanzeiger of 20.07.2007 with the following exceptions: 

In accordance with the regulations governing the Prime Standard Segment of the Frankfurt Stock Exchange, which are binding for the company, the publication of interim reports is effected within 60 days of the end of the relevant reporting period (GCGC fig. 7.1.2). 

Information relating to third party companies in which the Company has a shareholding is published only in the case of consolidation (GCGC fig. 7.1.4). 

No committees of the Supervisory Board of the Company have been formed, since in any event the Supervisory Board consists of only three members (fig. 5.3.1, 5.3.2 and 5.3.3). 

For reasons of cost, the introduction of a performance-related compensation for the members of the Supervisory Board has not been taken into consideration, as this would call for a substantial increase in Supervisory Board members’ compensations (GCGC fig. 5.4.5). 

An age limit for members of the Management Board has not so far been set by the Supervisory Board (GCGC fig. 5.1.2). 

To date, the D&O policies for the Board and the Supervisory Board have not included a deductible (GCGC fig. 3.8). These policies have been in force for several years and the company does not intend making any changes at present. 

In order to protect confidential information, only management reports required by law are published on the internet besides the agenda for the general meeting and the Consolidated Financial Statement, but not other documents like contracts and statements of other companies. These other documents are only made available to the shareholders of the company in accordance with legal requirements (GCGC fig. 2.3.1).”

Furthermore, CTS EVENTIM AG & Co. KGaA already follows in large measure the additional GCGC suggestions regarding Corporate Governance. 

Entsprechenserklärung 2006

Vorstand und Aufsichtsrat der CTS Eventim AG haben am 24.01.2007 eine weitere Entsprechenserklärung zu den Empfehlungen der Regierungskommission Deutscher Corporate Governance Kodex gemäß § 161 AktG abgegeben. Die Entsprechenserklärung lautet:

"Die CTS Eventim AG entspricht den Empfehlungen der Regierungskommission Deutscher Corporate Governance Kodex (DCGK) in der im elektronischen Bundesanzeiger vom 24.07.2006 bekannt gemachten Fassung mit den nachfolgend aufgeführten Ausnahmen: 

In Übereinstimmung mit der für die im Segment Prime Standard notierte Gesellschaft maßgeblichen Börsenordnung erfolgt die Veröffentlichung der Zwischenberichte binnen 60 Tagen nach Ende des Berichtszeitraums (DCGK Ziff. 7.1.2).

Informationen über Drittunternehmen, an denen die Gesellschaft beteiligt ist, werden nur im Konsolidierungsfall veröffentlicht (DCGK Ziff. 7.1.4).

Eine Bildung von Ausschüssen erfolgt im Aufsichtsrat der Gesellschaft nicht, da dieser ohnehin nur aus drei Mitgliedern besteht (Ziff. 5.3.1). 

Von der Einführung eines erfolgsorientierten Vergütungsanteils für die Mitglieder des Aufsichtsrats wurde aus Kostengründen abgesehen, da dies nur bei gleichzeitiger substanzieller Erhöhung der Aufsichtsratsbezüge sinnvoll erschienen wäre (DCGK Ziff. 5.4.5). 

Eine Altersgrenze für Vorstandsmitglieder wurde vom Aufsichtsrat bislang nicht festgelegt (DCGK Ziff. 5.1.2). 

Die D&O-Policen für Vorstand und Aufsichtsrat enthalten bislang keine Selbstbeteiligung (DCGK Ziff. 3.8). Eine Änderung der bereits seit mehreren Jahren bestehenden Policen strebt die Gesellschaft derzeit nicht an.

Zum Schutz der Geheimhaltungsinteressen der Gesellschaft werden im Internet neben dem Geschäftsbericht zwar auch die Tagesordnung der Hauptversammlung und eventuelle Vorstandberichte hierzu veröffentlicht, nicht jedoch sonstige tagesordnungsrelevante Unterlagen wie bspw. Verträge oder Jahresabschlüsse. Diese Unterlagen werden ausschließlich Aktionären der Gesellschaft nach Maßgabe der dahingehenden gesetzlichen Verpflichtungen zugänglich gemacht (DCGK Ziffer 2.3.1). "

Darüber hinaus folgt die CTS Eventim AG bereits heute weitgehend den zusätzlichen Anregungen des DCGK zu guter Corporate Governance.

Entsprechenserklärung 2005

Vorstand und Aufsichtsrat der CTS Eventim AG haben am 22.12.2005 eine weitere Entsprechenserklärung zu den Empfehlungen der Regierungskommission Deutscher Corporate Governance Kodex gemäß § 161 AktG abgegeben. Die Entsprechenserklärung lautet: 

"Die CTS Eventim AG entspricht den Empfehlungen der Regierungskommission Deutscher Corporate Governance Kodex (DCGK) in der im elektronischen Bundesanzeiger vom 20.07.2005 bekannt gemachten Fassung mit den nachfolgend aufgeführten Ausnahmen: 

In Übereinstimmung mit der für die im Segment Prime Standard notierte Gesellschaft maßgeblichen Börsenordnung erfolgt die Veröffentlichung der Zwischenberichte binnen 60 Tagen nach Ende des Berichtszeitraums (DCGK Ziff. 7.1.2).

Informationen über Drittunternehmen, an denen die Gesellschaft beteiligt ist, werden nur im Konsolidierungsfall veröffentlicht (DCGK Ziff. 7.1.4).

Eine Bildung von Ausschüssen erfolgt im Aufsichtsrat der Gesellschaft nicht, da dieser ohnehin nur aus drei Mitgliedern besteht (Ziff. 5.3.1).

Von der Einführung eines erfolgsorientierten Vergütungsanteils für die Mitglieder des Aufsichtsrats wurde aus Kostengründen abgesehen, da dies nur bei gleichzeitiger substanzieller Erhöhung der Aufsichtsratsbezüge sinnvoll erschienen wäre (DCGK Ziff. 5.4.5). 

Eine Altersgrenze für Vorstandsmitglieder wurde vom Aufsichtsrat bislang nicht festgelegt (DCGK Ziff. 5.1.2). 

Die D&O-Policen für Vorstand und Aufsichtsrat enthalten bislang keine Selbstbeteiligung (DCGK Ziff. 3.8). Eine Änderung der bereits seit mehreren Jahren bestehenden Policen strebt die Gesellschaft derzeit nicht an.

Zum Schutz der Geheimhaltungsinteressen der Gesellschaft werden im Internet neben dem Geschäftsbericht zwar auch die Tagesordnung der Hauptversammlung und eventuelle Vorstandberichte hierzu veröffentlicht, nicht jedoch sonstige tagesordnungsrelevante Unterlagen wie bspw. Verträge oder Jahresabschlüsse. Diese Unterlagen werden ausschließlich Aktionären der Gesellschaft nach Maßgabe der dahingehenden gesetzlichen Verpflichtungen zugänglich gemacht (DCGK Ziffer 2.3.1). 

Die Bezüge des Vorstands und des Aufsichtsrats werden nicht individualisiert für jedes Mitglied, sondern jeweils nur in Summe im Anhang zum Jahresabschluss mitgeteilt (DCGK Ziffern 4.2.4 und Ziffer 5.4.5)."

Darüber hinaus folgt die CTS Eventim AG bereits heute weitgehend den zusätzlichen Anregungen des DCGK zu guter Corporate Governance. 

Entsprechenserklärung 2003

Vorstand und Aufsichtsrat der CTS Eventim AG haben am 05.12.2003 eine weitere Entsprechenserklärung zu den Empfehlungen der Regierungskommission Deutscher Corporate Governance Kodex gemäß § 161 AktG abgegeben. Die Entsprechenserklärung lautet: 

"Die CTS Eventim AG entspricht den Empfehlungen der Regierungskommission Deutscher Corporate Governance Kodex (DCGK) in der im elektronischen Bundesanzeiger vom 04.07.2003 bekannt gemachten Fassung mit den nachfolgend aufgeführten Ausnahmen: 

In Übereinstimmung mit der für die im Segment Prime Standard notierte Gesellschaft maßgeblichen Börsenordnung (vormals insoweit nach dem Regelwerk zum Neuen Markt) erfolgt die Veröffentlichung der Zwischenberichte binnen 60 Tagen nach Ende des Berichtszeitraums (DCGK Ziff. 7.1.2).

Informationen über Drittunternehmen, an denen die Gesellschaft beteiligt ist, werden nur im Konsolidierungsfall veröffentlicht (DCGK Ziff. 7.1.4).

Eine Bildung von Ausschüssen erfolgt im Aufsichtsrat der Gesellschaft nicht, da dieser ohnehin nur aus drei Mitgliedern besteht (Ziff. 5.3.1). 

Von der Einführung eines erfolgsorientierten Vergütungsanteils für die Mitglieder des Aufsichtsrats wurde aus Kostengründen abgesehen, da dies nur bei gleichzeitiger substanzieller Erhöhung der Aufsichtsratsbezüge sinnvoll erschienen wäre (DCGK Ziff. 5.4.5). 

Eine Altersgrenze für Vorstandsmitglieder wurde vom Aufsichtsrat bislang nicht festgelegt (DCGK Ziff. 5.1.2). 

Die D&O-Policen für Vorstand und Aufsichtsrat enthalten bislang keine Selbstbeteiligung (DCGK Ziff. 3.8). Eine Änderung der bereits seit mehreren Jahren bestehenden Policen strebt die Gesellschaft derzeit nicht an.

Zum Schutz der Geheimhaltungsinteressen der Gesellschaft werden im Internet neben dem Geschäftsbericht zwar auch die Tagesordnung der Hauptversammlung und eventuelle Vorstandberichte hierzu veröffentlicht, nicht jedoch sonstige tagesordnungsrelevante Unterlagen wie bspw. Verträge oder Jahresabschlüsse. Diese Unterlagen werden ausschließlich Aktionären der Gesellschaft nach Maßgabe der dahingehenden gesetzlichen Verpflichtungen zugänglich gemacht (DCGK Ziffer 2.3.1). 

Die Bezüge des Vorstands und des Aufsichtsrats werden nicht individualisiert für jedes Mitglied, sondern jeweils nur in Summe im Anhang zum Jahresabschluss mitgeteilt (DCGK Ziffern 4.2.4 und Ziffer 5.4.5)."

Darüber hinaus folgt die CTS Eventim AG bereits heute weitgehend den zusätzlichen Anregungen des DCGK zu guter Corporate Governance. 

Entsprechenserklärung 2003
 

Vorstand und Aufsichtsrat der CTS EVENTIM AG & Co. KGaA haben am 05.12.2003 eine weitere Entsprechenserklärung zu den Empfehlungen der Regierungskommission Deutscher Corporate Governance Kodex gemäß § 161 AktG abgegeben. Die Entsprechenserklärung lautet:

"Die CTS EVENTIM AG & Co. KGaA entspricht den Empfehlungen der Regierungskommission Deutscher Corporate Governance Kodex (DCGK) in der im elektronischen Bundesanzeiger vom 04.07.2003 bekannt gemachten Fassung mit den nachfolgend aufgeführten Ausnahmen:

In Übereinstimmung mit der für die im Segment Prime Standard notierte Gesellschaft maßgeblichen Börsenordnung (vormals insoweit nach dem Regelwerk zum Neuen Markt) erfolgt die Veröffentlichung der Zwischenberichte binnen 60 Tagen nach Ende des Berichtszeitraums (DCGK Ziff. 7.1.2).

Informationen über Drittunternehmen, an denen die Gesellschaft beteiligt ist, werden nur im Konsolidierungsfall veröffentlicht (DCGK Ziff. 7.1.4).

Eine Bildung von Ausschüssen erfolgt im Aufsichtsrat der Gesellschaft nicht, da dieser ohnehin nur aus drei Mitgliedern besteht (Ziff. 5.3.1).

Von der Einführung eines erfolgsorientierten Vergütungsanteils für die Mitglieder des Aufsichtsrats wurde aus Kostengründen abgesehen, da dies nur bei gleichzeitiger substanzieller Erhöhung der Aufsichtsratsbezüge sinnvoll erschienen wäre (DCGK Ziff. 5.4.5).

Eine Altersgrenze für Vorstandsmitglieder wurde vom Aufsichtsrat bislang nicht festgelegt (DCGK Ziff. 5.1.2).

Die D&O-Policen für Vorstand und Aufsichtsrat enthalten bislang keine Selbstbeteiligung (DCGK Ziff. 3.8). Eine Änderung der bereits seit mehreren Jahren bestehenden Policen strebt die Gesellschaft derzeit nicht an.

Zum Schutz der Geheimhaltungsinteressen der Gesellschaft werden im Internet neben dem Geschäftsbericht zwar auch die Tagesordnung der Hauptversammlung und eventuelle Vorstandberichte hierzu veröffentlicht, nicht jedoch sonstige tagesordnungsrelevante Unterlagen wie bspw. Verträge oder Jahresabschlüsse. Diese Unterlagen werden ausschließlich Aktionären der Gesellschaft nach Maßgabe der dahingehenden gesetzlichen Verpflichtungen zugänglich gemacht (DCGK Ziffer 2.3.1).

Die Bezüge des Vorstands und des Aufsichtsrats werden nicht individualisiert für jedes Mitglied, sondern jeweils nur in Summe im Anhang zum Jahresabschluss mitgeteilt (DCGK Ziffern 4.2.4 und Ziffer 5.4.5)."

Darüber hinaus folgt die CTS EVENTIM AG & Co. KGaA bereits heute weitgehend den zusätzlichen Anregungen des DCGK zu guter Corporate Governance.

Entsprechenserklärung 2002

Vorstand und Aufsichtsrat der CTS Eventim AG haben am 17.12.2002 die erste Entsprechenserklärung zu den Empfehlungen der Regierungskommission Deutscher Corporate Governance Kodex gemäß § 161 AktG abgegeben. Die Entsprechenserklärung lautet: 

"Die CTS Eventim AG entspricht den Empfehlungen der Regierungskommission Deutscher Corporate Governance Kodex (DCGK) mit den nachfolgend aufgeführten Ausnahmen: 

In Übereinstimmung mit dem für die Gesellschaft maßgeblichen Regelwerk zum Neuen Markt erfolgt die Veröffentlichung der Zwischenberichte binnen 60 Tagen nach Ende des Berichtszeitraums (DCGK Ziff. 7.1.2).

Informationen über Drittunternehmen, an denen die Gesellschaft beteiligt ist, werden nur im Konsolidierungsfall veröffentlicht (DCGK Ziff. 7.1.4).

Eine Bildung von Ausschüssen erfolgt im Aufsichtsrat der Gesellschaft nicht, da dieser ohnehin nur aus drei Mitgliedern besteht (Ziff. 5.3.1). 

Von der Einführung eines erfolgsorientierten Vergütungsanteils für die Mitglieder des Aufsichtsrats wurde aus Kostengründen abgesehen, da dies nur bei gleichzeitiger substanzieller Erhöhung der Aufsichtsratsbezüge von derzeit insgesamt € 61.355,- p.a. sinnvoll erschienen wäre (DCGK Ziff. 5.4.5). 

Eine Altersgrenze für Vorstandsmitglieder wurde vom Aufsichtsrat bislang nicht festgelegt (DCGK Ziff. 5.1.2). 

Die D&O-Policen für Vorstand und Aufsichtsrat enthalten bislang keine Selbstbeteiligung (DCGK Ziff. 3.8). Eine Änderung der bereits seit mehreren Jahren bestehenden Policen strebt die Gesellschaft derzeit nicht an."

Darüber hinaus folgt die CTS Eventim AG bereits heute weitgehend den zusätzlichen Anregungen des DCGK zu guter Corporate Governance.

Corporate governance statement in accordance with § 289f HGB

Corporate governance statement in accordance with Section 289f HGB for the 2019 financial year

Corporate governance of CTS EVENTIM AG & Co. KGaA (‘EVENTIM’), as a German partnership limited by shares and listed on the stock exchange, is regulated first and foremost by the German Commercial Code (Handelsgesetzbuch – HGB) and by the German Stock Corporation Act (Aktiengesetz – AktG) and secondly by the recommendations of the German Corporate Governance Code.

In accordance with statutory regulations and the Company’s articles of association, EVENTIM operates a ‘dual management system’ characterised by strict separation of the general partner and its Management Board (referred to hereinafter as the ‘Corporate Management’), as the managing body, and the Supervisory Board, as the monitoring body. The Corporate Management and the Supervisory Board work closely together in the interest of the Company.

The Corporate Management is responsible for managing the Company with the aim of sustainable value creation. The principle of collective responsibility applies in this regard, i.e. the members of the Corporate Management share overall responsibility for managing the Company. They develop the corporate strategy and coordinate efforts with the Supervisory Board to ensure that it is implemented. The Corporate Management of EVENTIM currently comprises three members; no committees are formed.

The Corporate Management informs the Supervisory Board regularly, promptly and comprehensively about all aspects of business performance that are material to the EVENTIM Group, about major business transactions and about the current earnings situation, including the risks faced and risk management. Discrepancies between the actual course of business and previously defined budgets and targets are discussed and explained in detail. The Corporate Management also reports regularly on compliance, i.e. the action taken to adhere to statutory regulations and internal company policies, which is likewise the responsibility of the Corporate Management.

The Supervisory Board advises the Corporate Management on managing the company and monitors its activities. The Supervisory Board of the general partner, comprising the same persons, appoints and dismisses the members of the Corporate Management, decides on the compensation system for members of the Corporate Management and specifies the total compensation that each receives. The Supervisory Board of EVENTIM currently comprises four members, who are all shareholder representatives. It is involved in all decisions of fundamental importance for EVENTIM. Given the size of the Supervisory Board, no committees have been formed. Further details on the specifics of the work done by the Supervisory Board can be found in the current report by the Supervisory Board, which is published as part of the Annual Report.

On 1 May 2015, the ‘Equal Participation of Women and Men in Leadership Positions in the Private and Public Sector Act’ entered into force. In accordance with said law, we report on our goals and on the current implementation status:

Our continued aim is to achieve a women’s quota of at least 30% (the target figure) on the Supervisory Board of EVENTIM by the year 2021. The percentage of women on the Board is currently 25%.

Corporate Management has also decided, in accordance with Section 76 (3) AktG, that the percentage of women in the first tier below the Corporate Management (Vice President/Director) is targeted at 12.5% and in the second tier below the Corporate Management (Head of Department) at 33%. With a current quota of 8.3% at the Vice President/Director level (as of December 2019), the company is coming closer to the target in comparison with the previous year (2018: 7.7%). At the Head of Department level, the quota in December 2019 is 16.7%. The company remains committed to its target figures, which are to be achieved over the next two years by conducting assessments of employee potential and by furthering the careers of women and men identified as having potential.

EVENTIM believes that responsible and transparent corporate governance is the basis for sustained commercial success. The guiding principles in this regard are set forth in the German Corporate Governance Code, which was introduced in 2002. After due scrutiny, the Corporate Management and Supervisory Board of EVENTIM therefore issued a declaration of compliance in accordance with Section 161 AktG, most recently on 7 November 2019. It may be downloaded from the relevant section of the www.eventim.de website and reads as follows:

‘Since submitting the last declaration of compliance, CTS Eventim AG & Co. KGaA has complied, and complies currently and going forward, with the recommendations of the Government Commission on the German Corporate Governance Code (GCGC) in the version published on 24 April 2017 in the Bundesanzeiger, with the exception of the following recommendations:

In compliance with the regulations governing the Prime Standard segment of the Frankfurt Stock Exchange, interim reports are published within 60 days after the end of each reporting period, as this makes it easier to ensure that reliable figures may also be obtained from the various unlisted group companies in Germany and abroad (GCGC 7.1.2).

No Supervisory Board committees are formed because the Board consists of only four members. Given this situation, the company does not believe the formation of committees to be conducive to increasing the efficiency of the Supervisory Board’s work (GCGC 5.3.1, 5.3.2 and 5.3.3). For the same reasons, the Supervisory Board continues to refrain from defining and publishing specific objectives regarding its composition, or a competence profile for its members (GCGC 5.4.1). A control limit on the duration of membership of the Supervisory Board (GCGC 5.4.1 (2)) has not been specified, as the company believes that personnel continuity has proved its worth and that regular replacement would impair efficiency.

No age limit has been specified by the Supervisory Board as yet for members of the Management because the company sees no cause for limiting the options available to the Supervisory Board – and hence to shareholders – when appointing members of the Management (GCGC 5.1.2).

The D&O policies for the members of the Supervisory Board do not include own-risk deductions, since such risk contributions appear to be neither required, nor appropriate, nor reasonable in view of the moderate amount of compensation paid (GCGC 3.8).

Although the agenda of the Annual Shareholders’ Meeting and required Management Board reports (if any) may be published on the Internet in addition to the Annual Report, other documents pertaining to agenda items, such as contracts or annual financial statements, are not published in order to protect the company’s confidential information. These documents are made available to company shareholders only, in accordance with statutory requirements (GCGC 2.3.1).’

In addition, CTS Eventim AG & Co. KGaA already adheres in large measure to the additional GCGC suggestions regarding good corporate governance. Further details concerning EVENTIM’s corporate governance practice are provided in the latest Corporate Governance Report, which is published as part of the Annual Report.

Basic principles of the Compliance Management Systems (CMS) of CTS Eventim AG & Co. KGaA:

For EVENTIM, compliance means compliance with laws, guidelines, policies and voluntary commitments. Ensuring compliance is of paramount importance for sustainable and successful business and is considered to be a responsibility of top management.

To implement the CMS, CTS EVENTIM AG & Co. KGaA has applied a variety of measures which are structurally based on the basic elements of ‘IDW PS 980’, the applicable standard for auditing CMSs in Germany.

The aims and our understanding of compliance are described in a Code of Conduct. Said Code defines the minimum standards for ethical conduct for all countries, subsidiaries and legal regimes, and forms the foundations of our compliance culture.

The main structural and procedural measures are:

  • A Compliance Officer, as well as further officers for data protection and PCI compliance, have been appointed.
  • Compliance Coordinators have been appointed in the subsidiaries.
  • Special areas of risk have been early identified in a topdown process, and company-wide risk management has been organised to ensure that material compliance risks are identified, controlled, documented and efficiently minimised.
  • An appropriate internal ‘whistleblower’ system has been implemented.
  • Policies have been drawn up and published for anticorruption, anti-trust and equity market compliance as key areas of focus.
  • Targeted measures have been implemented to sensitise staff to Compliance issues.
  • The Internal Auditing department routinely checks structural and procedural measures on an assignment basis and with a focus on potential risks.

Continuous improvement and development of the CMS forms an integral part of the EVENTIM philosophy. The components of CMS are documented on an ongoing basis.

 

Bremen, 20 December 2019

On behalf of the Management of CTS Eventim AG & Co. KGaA, represented by: The Management Board of EVENTIM Management AG (the general, personally liable partner)


Klaus-Peter Schulenberg       Volker Bischoff              Alexander Ruoff

Corporate governance statement in accordance with Section 289f HGB for the 2018 financial year

Corporate governance of CTS EVENTIM AG & Co. KGaA (‘EVENTIM’), as a German partnership limited by shares and listed on the stock exchange, is regulated first and foremost by the German Commercial Code (Handelsgesetzbuch – HGB) and by the German Stock Corporation Act (Aktiengesetz – AktG) and secondly by the recommendations of the German Corporate Governance Code in its current version.

In accordance with statutory regulations and the Company’s articles of association, EVENTIM operates a ‘dual management system’ characterised by strict separation of the general partner and its Management Board (referred to hereinafter as the ‘Corporate Management’), as the managing body, and the Supervisory Board, as the monitoring body. The Corporate Management and the Supervisory Board work closely together in the interest of the Company.

The Corporate Management is responsible for managing the Company with the aim of sustainable value creation. The principle of collective responsibility applies in this regard, i.e. the members of the Corporate Management share overall responsibility for managing the Company. They develop the corporate strategy and coordinate efforts with the Supervisory Board to ensure that it is implemented. The Corporate Management of EVENTIM currently comprises three members; no committees are formed.

The Corporate Management informs the Supervisory Board regularly, promptly and comprehensively about all aspects of business performance that are material to the EVENTIM Group, about major business transactions and about the current earnings situation, including the risks faced and risk management. Discrepancies between the actual course of business and previously defined budgets and targets are discussed and explained in detail. The Corporate Management also reports regularly on compliance, i.e. the action taken to adhere to statutory regulations and internal company policies, which is likewise the responsibility of the Corporate Management.

The Supervisory Board advises the Corporate Management on managing the company and monitors its activities. The Supervisory Board of the general partner, comprising the same persons, appoints and dismisses the members of the Corporate Management, decides on the compensation system for members of the Corporate Management and specifies the total compensation that each receives. The Supervisory Board of EVENTIM currently comprises four members, who are all shareholder representatives. It is involved in all decisions of fundamental importance for EVENTIM. Given the size of the Supervisory Board, no committees have been formed. Further details on the specifics of the work done by the Supervisory Board can be found in the current report by the Supervisory Board, which is published as part of the Annual Report.

On 1 May 2015, the ‘Equal Participation of Women and Men in Leadership Positions in the Private and Public Sector Act’ entered into force. In accordance with said law, we report on our goals and on the current implementation status:

Our continued aim is to achieve a women’s quota of at least 30% (the target figure) on the Supervisory Board of EVENTIM by the year 2021. The percentage of women on the Board is currently 25%.

Corporate Management has also decided, in accordance with Section 76 (3) AktG, that the percentage of women in the first tier below the Corporate Management (heads of division) is targeted at 12.5% and in the second tier below the Corporate Management (heads of department) at 33%. However, the current quota of 7.7% (as per October 2018) at divisional manager level means that the company is still short of the target figure; at departmental manager level, the quota in October 2018 was 25.0% and therefore an indication that EVENTIM is on the right path. The company remains committed to its target figures, which are to be achieved over the next three years by conducting assessments of employee potential and by furthering the careers of women and men identified as having potential.

EVENTIM believes that responsible and transparent corporate governance is the basis for sustained commercial success. The guiding principles in this regard are set forth in the latest version of the German Corporate Governance Code, which was first introduced in 2002. After due scrutiny, the Corporate Management and Supervisory Board of EVENTIM therefore issued a declaration of compliance in accordance with Section 161 AktG, most recently on 6 November 2018. It may be downloaded from the relevant section of the www.eventim.de website and reads as follows:

‘Since submitting the last declaration of compliance, CTS Eventim AG & Co. KGaA has complied, and complies currently and going forward, with the recommendations of the Government Commission on the German Corporate Governance Code (GCGC) in the version published on 24 April 2017 in the Bundesanzeiger, with the exception of the following recommendations:

In compliance with the regulations governing the Prime Standard segment of the Frankfurt Stock Exchange, interim statements and reports are published within 60 days after the end of each reporting period, as this makes it easier to ensure that reliable figures may also be obtained from the various unlisted group companies in Germany and abroad (GCGC 7.1.2).

No Supervisory Board committees are formed because the Board consists of only four members. Given this situation, the company does not believe the formation of committees to be conducive to increasing the efficiency of the Supervisory Board’s work (GCGC 5.3.1, 5.3.2 and 5.3.3). For the same reasons, the Supervisory Board continues to refrain from defining and publishing specific objectives regarding its composition, or a competence profile for its members (GCGC 5.4.1). A control limit on the duration of membership of the Supervisory Board (GCGC 5.4.1 (2)) has not been specified, as the company believes that personnel continuity has proved its worth and that regular replacement would impair efficiency.

No age limit has been specified by the Supervisory Board as yet for members of the Management because the company sees no cause for limiting the options available to the Supervisory Board – and hence to shareholders – when appointing members of the Management (GCGC 5.1.2).

The D&O policies for the members of the Supervisory Board do not include own-risk deductions, since such risk contributions appear to be neither required, nor appropriate, nor reasonable in view of the moderate amount of compensation paid (GCGC 3.8).

Although the agenda of the Annual Shareholders’ Meeting and required Management Board reports (if any) may be published on the Internet in addition to the Annual Report, other documents pertaining to agenda items, such as contracts or annual financial statements, are not published in order to protect the company’s confidential information. These documents are made available to company shareholders only, in accordance with statutory requirements (GCGC 2.3.1).  

In addition, CTS Eventim AG & Co. KGaA already adheres in large measure to the additional GCGC suggestions regarding good corporate governance. Further details concerning EVENTIM’s corporate governance practice are provided in the latest Corporate Governance Report, which is published as part of the Annual Report.

Basic principles of the Compliance Management Systems (CMS) of CTS Eventim AG & Co. KGaA:

For EVENTIM, compliance means compliance with laws, guidelines, policies and voluntary commitments. Ensuring compliance is of paramount importance for sustainable and successful business and is considered to be a responsibility of top management.

To implement the CMS, CTS EVENTIM AG & Co. KGaA has applied a variety of measures which are structurally based on the basic elements of ‘IDW PS 980’, the applicable standard for auditing CMSs in Germany.

The aims and our understanding of compliance are described in a Code of Conduct. Said Code defines the minimum standards for ethical conduct for all countries, subsidiaries and legal regimes, and forms the foundations of our compliance culture.

The main structural and procedural measures are:

  • A Compliance Officer, as well as further officers for data protection and PCI compliance, have been appointed.
  • Compliance Coordinators have been appointed in the subsidiaries.
  • Special areas of risk have been early identified in a top-down process, and company-wide risk management has been organised to ensure that material compliance risks are identified, controlled, documented and efficiently minimised.
  • An appropriate internal ‘whistle-blower’ system has been implemented.
  • Policies have been drawn up and published for anti-corruption, anti-trust and equity market compliance as key areas of focus.
  • Targeted measures have been implemented to sensitise staff to Compliance issues.
  • The Internal Auditing department routinely checks structural and procedural measures on an assignment basis and with a focus on potential risks.

Continuous improvement and development of the CMS forms an integral part of the EVENTIM philosophy. The components of CMS are documented on an ongoing basis.
 

 

Bremen, 7 December 2018

On behalf of the Management of CTS Eventim AG & Co. KGaA, represented by: The Management Board of EVENTIM Management AG (the general, personally liable partner)

Klaus-Peter Schulenberg    Volker Bischoff    Alexander Ruoff

Corporate governance statement in accordance with Section 289f HGB for the 2017 financial year

Corporate governance of CTS EVENTIM AG & Co. KGaA (‘EVENTIM’), as a German partnership limited by shares and listed on the stock exchange, is regulated first and foremost by the German Commercial Code (Handelsgesetzbuch – HGB) and by the German Stock Corporation Act (Aktiengesetz – AktG) and secondly by the recommendations of the German Corporate Governance Code in its current version.

In accordance with statutory regulations and the Company’s articles of association, EVENTIM operates a ‘dual management system’ characterised by strict separation of the general partner and its Management Board (referred to hereinafter as the ‘Corporate Management’), as the managing body, and the Supervisory Board, as the monitoring body. The Corporate Management and the Supervisory Board work closely together in the interest of the Company.

The Corporate Management is responsible for managing the Company with the aim of sustainable value creation. The principle of collective responsibility applies in this regard, i.e. the members of the Corporate Management share overall responsibility for managing the Company. They develop the corporate strategy and coordinate efforts with the Supervisory Board to ensure that it is implemented. The Corporate Management of EVENTIM currently comprises three members; no committees are formed.

The Corporate Management informs the Supervisory Board regularly, promptly and comprehensively about all aspects of business performance that are material to the EVENTIM Group, about major business transactions and about the current earnings situation, including the risks faced and risk management. Discrepancies between the actual course of business and previously defined budgets and targets are discussed and explained in detail. The Corporate Management also reports regularly on compliance, i.e. the action taken to adhere to statutory regulations and internal company policies, which is likewise the responsibility of the Corporate Management.

The Supervisory Board advises the Corporate Management on managing the company and monitors its activities. The Supervisory Board of the general partner, comprising the same persons, appoints and dismisses the members of the Corporate Management, decides on the compensation system for members of the Corporate Management and specifies the total compensation that each receives. The Supervisory Board of EVENTIM currently comprises four members, who are all shareholder representatives. It is involved in all decisions of fundamental importance for EVENTIM. Given the size of the Supervisory Board, no committees have been formed. Further details on the specifics of the work done by the Supervisory Board can be found in the current report by the Supervisory Board, which is published as part of the Annual Report.

On 1 May 2015, the ‘Equal Participation of Women and Men in Leadership Positions in the Private and Public Sector Act’ entered into force. In accordance with said law, we report on our goals and on the current implementation status:

Our continued aim is to achieve a women’s quota of at least 30% (the target figure) on the Supervisory Board of EVENTIM by the year 2021. The percentage of women on the Board is currently 25%.

Corporate Management has also decided, in accordance with Section 76 (3) AktG, that the percentage of women in the first tier below the Corporate Management (heads of division) is targeted at 12.5% and in the second tier below the Corporate Management (heads of department) at 33%. The company has progressed significantly towards the target figure at the divisional manager level, reaching a quota of 9.1% (as of October 2017), while the quota at the departmental manager level was 22.2% in October 2017. The company remains committed to its target figures, which are to be achieved over the next four years by conducting assessments of employee potential and by furthering the careers of women identified as having potential.

EVENTIM believes that responsible and transparent corporate governance is the basis for sustained commercial success. The guiding principles in this regard are set forth in the latest version of the German Corporate Governance Code, which was first introduced in 2002. After due scrutiny, the Corporate Management and Supervisory Board of EVENTIM therefore issued a declaration of compliance in accordance with Section 161 AktG, most recently on 9 November 2017. It may be downloaded from the relevant section of the www.eventim.de website and reads as follows:

‘Since submitting the last declaration of compliance, CTS Eventim AG & Co. KGaA has complied, and complies currently and going forward, with the recommendations of the Government Commission on the German Corporate Governance Code (GCGC) in the version published on 24 April 2017 in the Bundesanzeiger, with the exception of the following recommendations:

In compliance with the regulations governing the Prime Standard segment of the Frankfurt Stock Exchange, interim reports are published within 60 days after the end of each reporting period, as this makes it easier to ensure that reliable figures may also be obtained from the various unlisted group companies in Germany and abroad (GCGC 7.1.2).

No Supervisory Board committees are formed because the Board consists of only four members. Given this situation, the company does not believe the formation of committees to be conducive to increasing the efficiency of the Supervisory Board’s work (GCGC 5.3.1, 5.3.2 and 5.3.3). For the same reasons, the Supervisory Board continues to refrain from defining and publishing specific objectives regarding its composition, or a competence profile for its members (GCGC 5.4.1). A control limit on the duration of membership of the Supervisory Board (GCGC 5.4.1 (2)) has not been specified, as the company believes that personnel continuity has proved its worth and that regular replacement would impair efficiency.

No age limit has been specified by the Supervisory Board as yet for members of the Management because the company sees no cause for limiting the options available to the Supervisory Board – and hence to shareholders – when appointing members of the Management (GCGC 5.1.2).

The D&O policies for the members of the Supervisory Board do not include own-risk deductions, since such risk contributions appear to be neither required, nor appropriate, nor reasonable in view of the moderate amount of compensation paid (GCGC 3.8).

Although the agenda of the Annual Shareholders’ Meeting and required Management Board reports (if any) may be published on the Internet in addition to the Annual Report, other documents pertaining to agenda items, such as contracts or annual financial statements, are not published in order to protect the company’s confidential information. These documents are made available to company shareholders only, in accordance with statutory requirements (GCGC 2.3.1).

In addition, CTS Eventim AG & Co. KGaA already adheres in large measure to the additional GCGC suggestions regarding good corporate governance. Further details concerning EVENTIM’s corporate governance practice are provided in the latest Corporate Governance Report, which is published as part of the Annual Report.

For EVENTIM, compliance means compliance with laws, guidelines, policies and voluntary commitments. Ensuring compliance is of paramount importance for sustainable and successful business and is considered to be a responsibility of top management.

To implement the Compliance Management System (CMS), CTS EVENTIM AG & Co. KGaA has applied a variety of measures which are structurally based on the basic elements of ‘IDW PS 980’, the applicable standard for auditing CMSs in Germany.

The aims and our understanding of compliance are described in a Code of Conduct. Said Code defines the minimum standards for ethical conduct for all countries, subsidiaries and legal regimes, and forms the foundations of our compliance culture.

The main structural and procedural measures are:

  • A central Compliance Officer post has been created, and separate officers for other fields (data protection, PCI compliance) have been appointed.
  • Risk Officers have been deployed in the central departments and in controlled subsidiaries.
  • Special areas of risk have been identified in a top-down process, and company-wide risk management has been organised to identify and manage material compliance risks.
  • An internal ‘whistle-blower’ system has been implemented.
  • Policies have been published for anti-corruption, anti-trust and equity market compliance as key areas of focus.
  • A training concept has been designed for selected business units.
  • Compliance issues are covered by the risk-based system for internal audit planning and internal auditing.

Continuous improvement and development of the CMS forms an integral part of the EVENTIM philosophy. The components of CMS are documented on an ongoing basis.

 

Bremen, 28 December 2017

On behalf of the Management of CTS Eventim AG & Co. KGaA, represented by: The Management Board of EVENTIM Management AG (the general, personally liable partner)

Klaus-Peter Schulenberg    Volker Bischoff    Alexander Ruoff

Corporate governance statement in accordance with § 289 a HGB

Corporate governance of CTS EVENTIM AG & Co. KGaA (‘EVENTIM’), as a German partnership limited by shares and listed on the stock exchange, is regulated first and foremost by the German Commercial Code (Handelsgesetzbuch – HGB) and by the German Stock Corporation Act (Aktiengesetz – AktG) and secondly by the recommendations of the German Corporate Governance Code in its current version.

In accordance with statutory regulations and the Company’s articles of association, EVENTIM operates a ‘dual management system’ characterised by strict separation of the general partner and its Management Board (referred to hereinafter as the ‘Corporate Management’), as the managing body, and the Supervisory Board, as the monitoring body. The Corporate Management and the Supervisory Board work closely together in the interest of the Company.

The Corporate Management is responsible for managing the Company with the aim of sustainable value creation. The principle of collective responsibility applies in this regard, i.e. the members of the Corporate Management share overall responsibility for managing the Company. They develop the corporate strategy and coordinate efforts with the Supervisory Board to ensure that it is implemented. The Corporate Management of EVENTIM currently comprises three members; no committees are formed.

The Corporate Management is responsible for managing the Company with the aim of sustainable value creation. The principle of collective responsibility applies in this regard, i.e. the members of the Corporate Management share overall responsibility for managing the Company. They develop the corporate strategy and coordinate efforts with the Supervisory Board to ensure that it is implemented. The Corporate Management of EVENTIM currently comprises three members; no committees are formed.

The Supervisory Board advises the Corporate Management on managing the company and monitors its activities. The Supervisory Board of the general partner, comprising the same persons, appoints and dismisses the members of the Corporate Management, decides on the compensation system for members of the Corporate Management and specifies the total compensation that each receives. The Supervisory Board of EVENTIM currently comprises three members who are all shareholder representatives. It is involved in all decisions of fundamental importance for EVENTIM. Given the size of the Supervisory Board, no committees have been formed. Further details on the specifics of the work done by the Supervisory Board can be found in the current report by the Supervisory Board, which is published as part of the Annual Report.

On 1 May 2015, the ‘Equal Participation of Women and Men in Leadership Positions in the Private and Public Sector Act’ entered into force. In accordance with said law, the Supervisory Board and the Corporate Management have adopted the following objectives:

The aim is to achieve a women’s quota of at least 30% (the target figure) on the Supervisory Board by 30 June 2017. The quota has been met since May 2016.

In the period under review, Corporate Management decided, in accordance with Section 76 (3) AktG, that the quota of women in the first tier below the Corporate Management (heads of division) is targeted at 12.5% and in the second tier below the Corporate Management (heads of department) at 33%. Both these target figures are to be achieved by 30 June 2017.

EVENTIM believes that responsible and transparent corporate governance is the basis for sustained commercial success. The guiding principles in this regard are set forth in the latest version of the German Corporate Governance Code, which was first introduced in 2002. After due scrutiny, the Corporate Management and Supervisory Board of EVENTIM therefore issued a declaration of compliance in accordance with § 161 AktG, most recently on 15 November 2016. It may be downloaded from the relevant section of the www.eventim.de website and reads as follows:

‘Since submitting the last declaration of compliance, CTS Eventim AG & Co. KGaA has complied, and complies currently and going forward, with the recommendations of the Government Commission on the German Corporate Governance Code (GCGC) in the version published on 12 June 2015 in the electronic Bundesanzeiger, with the exception of the following recommendations:

In compliance with the regulations governing the Prime Standard segment of the Frankfurt Stock Exchange, interim reports are published within 60 days after the end of each reporting period, since this makes it easier to ensure that reliable figures may also be obtained from the various unlisted group companies in Germany and abroad (GCGC 7.1.2).

No Supervisory Board committees are formed because the Board consists of only three members. Given this situation, the company does not believe the formation of committees to be conducive to increasing the efficiency of the Supervisory Board’s work (GCGC 5.3.1, 5.3.2 and 5.3.3). For the same reason, the Supervisory Board continues to refrain from specifying concrete objectives regarding its composition (GCGC 5.4.1). A regular limit of length of membership for the members of the Supervisory Board (GCGC 5.4.1) has not been specified, since the company believes personnel continuity has proved its worth and regular replacement would negatively impact efficiency.

No Supervisory Board committees are formed because the Board consists of only three members. Given this situation, the company does not believe the formation of committees to be conducive to increasing the efficiency of the Supervisory Board’s work (GCGC 5.3.1, 5.3.2 and 5.3.3). For the same reason, the Supervisory Board continues to refrain from specifying concrete objectives regarding its composition (GCGC 5.4.1). A regular limit of length of membership for the members of the Supervisory Board (GCGC 5.4.1) has not been specified, since the company believes personnel continuity has proved its worth and regular replacement would negatively impact efficiency.

The D&O policies for the members of the Supervisory Board do not contain own-risk deductions, since such risk contributions appear to be neither required, nor appropriate, nor reasonable in view of the moderate amount of compensation paid (GCGC 3.8).

Although the agenda of the Annual Shareholders’ Meeting and required Management Board reports (if any) may be published on the Internet in addition to the Annual Report, other documents pertaining to agenda items, such as contracts or annual financial statements, are not published in order to protect the company’s confidential information. These documents are made available to company shareholders only, in accordance with statutory requirements (GCGC 2.3.1).’

In addition, CTS Eventim AG & Co. KGaA already adheres in large measure to the additional GCGC suggestions regarding good corporate governance. Further details concerning EVENTIM’s corporate governance practice are provided in the latest Corporate Governance Report, which is published as part of the Annual Report.

 

Bremen, 15 December 2016

Klaus-Peter Schulenberg  Volker Bischoff  Alexander Ruoff

Corporate Governance Declaration in accordance with § 289a of the German Commercial Code for the 2015 financial year

Corporate governance of CTS EVENTIM AG & Co. KGaA (‘EVENTIM’), as a German partnership limited by shares and listed on the stock exchange, is regulated first and foremost by the German Commercial Code (Handelsgesetzbuch – HGB) and by the German Stock Corporation Act (Aktiengesetz – AktG) and secondly by the recommendations of the German Corporate Governance Code in its current version.

In accordance with statutory regulations and the Company’s articles of association, EVENTIM operates a ‘dual management system’ characterised by strict separation of the general partner and its Management Board (referred to hereinafter as the ‘Corporate Management’), as the managing body, and the Supervisory Board, as the monitoring body. The Corporate Management and the Supervisory Board work closely together in the interest of the Company.

The Corporate Management is responsible for managing the Company with the aim of sustainable value creation. The principle of collective responsibility applies in this regard, i.e. the members of the Corporate Management share overall responsibility for managing the Company. They develop the corporate strategy and coordinate efforts with the Supervisory Board to ensure that it is implemented. The Corporate Management of EVENTIM currently comprises three members; no committees are formed.

The Corporate Management informs the Supervisory Board regularly, promptly and comprehensively about all aspects of business performance that are material to the EVENTIM Group, about major business transactions and about the current earnings situation, including the risks faced and risk management. Discrepancies between the actual course of business and previously defined budgets and targets are discussed and explained in detail. The Corporate Management also reports regularly on compliance, i.e. the action taken to adhere to statutory regulations and internal company policies, which is likewise the responsibility of the Corporate Management.

The Supervisory Board advises the Corporate Management on managing the company and monitors its activities. The Supervisory Board of the general partner, comprising the same persons, appoints and dismisses the members of the Management, decides on the compensation system for members of the Management and specifies the total compensation that each receives. The Supervisory Board of EVENTIM currently comprises three members who are all shareholder representatives. It is involved in all decisions of fundamental importance for EVENTIM. The principles guiding the work of the Supervisory Board of EVENTIM are summarised in the Rules of Procedure of the Supervisory Board. Given the size of the Supervisory Board, no committees have been formed. Further details on the specifics of the work done by the Supervisory Board can be found in the current report by the Supervisory Board, which is published as part of the Annual Report.

On 1 May 2015, the ‘Equal Participation of Women and Men in Leadership Positions in the Private and Public Sector Act’ entered into force. In accordance with said law, the Supervisory Board and the Corporate Management have adopted the following objectives:

The aim is to achieve a women’s quota of at least 30% (the target figure) on the Supervisory Board by 30 June 2017.

In the period under review, the Corporate Management decided, in accordance with § 76 (3) AktG, that the quota of women in the first tier below the Corporate Management (heads of division) is targeted at 12.5% and in the second tier below the Corporate Management (heads of department) at 33%. Both these target figures are similarly to be achieved by 30 June 2017.

EVENTIM believes that responsible and transparent corporate governance is the basis for sustained commercial success. The guiding principles in this regard are set forth in the latest version of the German Corporate Governance Code, which was first introduced in 2002. After due scrutiny, the Corporate Management and Supervisory Board of EVENTIM therefore issued a declaration of compliance in accordance with § 161 AktG, most recently on 17 December 2015. It may be downloaded from the relevant section of the www.eventim.de website and reads as follows:

‘Since submitting the last declaration of compliance, CTS Eventim AG & Co. KGaA (formerly CTS Eventim AG) has complied, and complies currently and going forward, with the recommendations of the Government Commission on the German Corporate Governance Code (GCGC) in the version published 12 June 2015 in the electronic Bundesanzeiger, with the exception of the following recommendations:

In compliance with the regulations governing the Prime Standard segment of the Frankfurt Stock Exchange, interim reports are published within 60 days after the end of each reporting period, as this makes it easier to ensure that reliable figures may also be obtained from the various unlisted group companies in Germany and abroad (GCGC 7.1.2).

No Supervisory Board committees are formed because the Supervisory Board consists of only three members. Given this situation, the company does not believe the formation of committees to be conducive to increasing the efficiency of the Supervisory Board’s work (GCGC 5.3.1, 5.3.2 and 5.3.3). For the same reason, the Supervisory Board continues to refrain from specifying concrete objectives regarding its composition (GCGC 5.4.1). A regular limit on the length of membership for the members of the Supervisory Board (GCGC 5.4.1 (4)) has not been specified, since the company believes that personnel continuity has proved its worth and regular replacement would negatively impact efficiency.

No age limit has been specified by the Supervisory Board as yet for members of the Management because the company sees no cause for limiting the options available to the Supervisory Board – and hence to shareholders – when appointing members of the Management (GCGC 5.1.2).

The D&O policies for the members of the Supervisory Board do not include own-risk deductions, since such risk contributions appear to be neither required, nor appropriate, nor reasonable in view of the moderate amount of compensation paid (DCGC 3.8).

Although the agenda of the Annual Shareholders’ Meeting and required Management Board reports (if any) may be published on the Internet in addition to the Annual Report, other documents pertaining to agenda items, such as contracts or annual financial statements, are not published in order to protect the company’s confidential information. These documents are made available to company shareholders only, in accordance with statutory requirements (DCGC 2.3.1).’

In addition, CTS Eventim AG & Co. KGaA already adheres in large measure to the additional GCGC suggestions regarding good corporate governance. Further details concerning EVENTIM’s corporate governance practice are provided in the latest Corporate Governance Report, which is published as part of the Annual Report.

 

Bremen, 26 February 2016

On behalf of the Corporate Management of CTS Eventim AG & Co. KGaA, represented by: the Management Board of EVENTIM Management AG (the general partner)

Klaus-Peter Schulenberg      Volker Bischoff             Alexander Ruoff

Corporate governance statement in accordance with § 289f HGB for 2013

Corporate governance of CTS EVENTIM AG (“EVENTIM”), as a German stock corporation, is dictated first and foremost by the German Stock Corporation Act and secondly by the recommendations of the Corporate Governance Code in its current version. 

In line with statutory regulations, EVENTIM is subject to what is termed as the “dual governance system,” which envisages the strict separation of the Management Board as managing body and the Supervisory Board as monitoring body. The Management and Supervisory Boards cooperate closely in the interest of the Company. 

The Management Board manages the Company, aiming to create lasting added value, for which it assumes responsibility. In this regard, the principle of overall responsibility applies, i.e. the members of the Management Board share the overall responsibility for managing the Company. They develop the corporate strategy and coordinate efforts with the Supervisory Board to ensure that it is implemented. The principles of the EVENTIM Management Board’s cooperation have been summarised in the Rules of Procedure for the Management Board. EVENTIM’s Management Board currently consists of three members. 

The Management Board regularly, promptly and comprehensively informs the Supervisory Board of all issues related to business performance that are material to the EVENTIM Group, major transactions as well as the latest earnings situation along with the Company’s risk position and risk management. Deviations in the business trend from preceding forecasts and targets are commented on and reasoned in detail. Furthermore, the Management Board regularly reports on compliance, i.e. action taken to adhere to statutory regulations and internal company policies, an issue for which the Management Board is also responsible. 

The Supervisory Board advises the Management Board in managing the Company and monitors its activity. It appoints and dismisses the members of the Management Board, determines the compensation system for Management Board members, and establishes the total compensation for each of them. It is involved in all decisions that are of fundamental importance to EVENTIM. EVENTIM’s Supervisory Board consists of three members and is staffed exclusively by shareholder representatives. The principles of the EVENTIM Supervisory Board’s cooperation have been summarised in the Rules of Procedure for the Supervisory Board. No committees were formed given the size of the Supervisory Board. Further details on the specifics of the work done by the Supervisory Board are included in the latest Supervisory Board Report, which is published as part of the Annual Report. 

EVENTIM believes that responsible and transparent corporate governance is the basis for sustained commercial success. The guiding principles in this regard are set forth in the most up-to-date version of the German Corporate Governance Code, which was first introduced in 2002. Therefore, subsequent to dutiful scrutiny, the Management and Supervisory Boards of EVENTIM issued a Statement of Compliance in accordance with § 161 AktG on 9 December 2010. This is available under the relevant section of the Company’s website www.eventim.de. 

Further details concerning EVENTIM’s corporate governance practice are provided in the latest Corporate Governance Report, which is published as part of the Annual Report and also forms part of this Corporate Governance Declaration.

Bremen, March 2013 

CTS EVENTIM AG

The Management Board

Erklärung zur Unternehmensführung nach § 289f HGB für das Geschäftsjahr 2012

Die Unternehmensführung der CTS EVENTIM AG ("EVENTIM") als börsennotierte deutsche Aktiengesellschaft wird in erster Linie durch das Aktiengesetz und daneben durch die Vorgaben des Deutschen Corporate Governance Kodex in seiner jeweils aktuellen Fassung bestimmt. 

Entsprechend den gesetzlichen Vorschriften unterliegt EVENTIM dem sogenannten "dualen Führungssystem". Dieses ist durch eine strikte personelle Trennung zwischen dem Vorstand als Leitungsorgan und dem Aufsichtsrat als Überwachungsorgan gekennzeichnet. Vorstand und Aufsichtsrat arbeiten dabei im Unternehmensinteresse eng zusammen.

Der Vorstand leitet das Unternehmen mit dem Ziel nachhaltiger Wertschöpfung in eigener Verantwortung. Dabei gilt der Grundsatz der Gesamtverantwortung, d.h., die Mitglieder des Vorstands tragen gemeinsam die Verantwortung für die gesamte Geschäftsführung. Sie entwickeln die Unternehmensstrategie und sorgen in Abstimmung mit dem Aufsichtsrat für deren Umsetzung. Die Grundsätze der Zusammenarbeit des Vorstands von EVENTIM sind in der Geschäftsordnung des Vorstands zusammengefasst. Der Vorstand von EVENTIM besteht derzeit aus drei Mitgliedern. 

Der Vorstand informiert den Aufsichtsrat regelmäßig, zeitnah und umfassend über alle für den EVENTIM Konzern wesentlichen Aspekte der Geschäftsentwicklung, bedeutende Geschäftsvorfälle sowie die aktuelle Ertragssituation einschließlich der Risikolage und des Risikomanagements. Abweichungen des Geschäftsverlaufs von früher aufgestellten Planungen und Zielen werden ausführlich erläutert und begründet. Außerdem berichtet der Vorstand regelmäßig über das Thema Compliance, also die Maßnahmen zur Einhaltung gesetzlicher Bestimmungen und unternehmensinterner Richtlinien, das ebenfalls im Verantwortungsbereich des Vorstands liegt. 

Der Aufsichtsrat berät den Vorstand bei der Leitung des Unternehmens und überwacht seine Tätigkeit. Er bestellt und entlässt die Mitglieder des Vorstands, beschließt das Vergütungssystem für die Vorstandsmitglieder und setzt deren jeweilige Gesamtvergütung fest. Er wird in alle Entscheidungen eingebunden, die für EVENTIM von grundlegender Bedeutung sind. Der Aufsichtsrat von EVENTIM besteht aus drei Mitgliedern und ist ausschließlich mit Vertretern der Aktionäre besetzt. Die Grundsätze der Zusammenarbeit des Aufsichtsrats von EVENTIM sind in der Geschäftsordnung des Aufsichtsrats zusammengefasst. Angesichts der Größe des Aufsichtsrats wurde auf die Bildung von Ausschüssen verzichtet. Weitere Einzelheiten zur konkreten Arbeit des Aufsichtsrats können dem aktuellen Bericht des Aufsichtsrats entnommen werden, der als Teil des Geschäftsberichts veröffentlicht wird. 

EVENTIM sieht in einer verantwortungsvollen und transparenten Corporate Governance die Basis für langfristigen wirtschaftlichen Erfolg. Leitbild ist dabei der 2002 eingeführte Deutsche Corporate Governance Kodex in seiner jeweils aktuellen Fassung. Vorstand und Aufsichtsrat von EVENTIM konnten daher nach pflichtgemäßer Prüfung zuletzt am 09. Dezember 2010 eine Entsprechenserklärung nach § 161 AktG abgeben, die im entsprechenden Abschnitt der Website www.eventim.de abrufbar ist. 

Weitere Einzelheiten der Corporate Governance Praxis von EVENTIM können Sie dem aktuellen Corporate Governance Bericht entnehmen, der als Teil des Geschäftsberichts veröffentlicht wird und gleichzeitig Bestandteil dieser Erklärung zur Unternehmensführung ist.

Bremen, im März 2012 

CTS EVENTIM AG

Der Vorstand

Erklärung zur Unternehmensführung nach § 289f HGB für das Geschäftsjahr 2011

Die Unternehmensführung der CTS EVENTIM AG ("EVENTIM") als börsennotierte deutsche Aktiengesellschaft wird in erster Linie durch das Aktiengesetz und daneben durch die Vorgaben des Deutschen Corporate Governance Kodex in seiner jeweils aktuellen Fassung bestimmt. 

Entsprechend den gesetzlichen Vorschriften unterliegt EVENTIM dem sogenannten "dualen Führungssystem". Dieses ist durch eine strikte personelle Trennung zwischen dem Vorstand als Leitungsorgan und dem Aufsichtsrat als Überwachungsorgan gekennzeichnet. Vorstand und Aufsichtsrat arbeiten dabei im Unternehmensinteresse eng zusammen.

Der Vorstand leitet das Unternehmen mit dem Ziel nachhaltiger Wertschöpfung in eigener Verantwortung. Dabei gilt der Grundsatz der Gesamtverantwortung, d.h., die Mitglieder des Vorstands tragen gemeinsam die Verantwortung für die gesamte Geschäftsführung. Sie entwickeln die Unternehmensstrategie und sorgen in Abstimmung mit dem Aufsichtsrat für deren Umsetzung. Die Grundsätze der Zusammenarbeit des Vorstands von EVENTIM sind in der Geschäftsordnung des Vorstands zusammengefasst. Der Vorstand von EVENTIM besteht derzeit aus drei Mitgliedern. 

Der Vorstand informiert den Aufsichtsrat regelmäßig, zeitnah und umfassend über alle für den EVENTIM Konzern wesentlichen Aspekte der Geschäftsentwicklung, bedeutende Geschäftsvorfälle sowie die aktuelle Ertragssituation einschließlich der Risikolage und des Risikomanagements. Abweichungen des Geschäftsverlaufs von früher aufgestellten Planungen und Zielen werden ausführlich erläutert und begründet. Außerdem berichtet der Vorstand regelmäßig über das Thema Compliance, also die Maßnahmen zur Einhaltung gesetzlicher Bestimmungen und unternehmensinterner Richtlinien, das ebenfalls im Verantwortungsbereich des Vorstands liegt. 

Der Aufsichtsrat berät den Vorstand bei der Leitung des Unternehmens und überwacht seine Tätigkeit. Er bestellt und entlässt die Mitglieder des Vorstands, beschließt das Vergütungssystem für die Vorstandsmitglieder und setzt deren jeweilige Gesamtvergütung fest. Er wird in alle Entscheidungen eingebunden, die für EVENTIM von grundlegender Bedeutung sind. Der Aufsichtsrat von EVENTIM besteht aus drei Mitgliedern und ist ausschließlich mit Vertretern der Aktionäre besetzt. Die Grundsätze der Zusammenarbeit des Aufsichtsrats von EVENTIM sind in der Geschäftsordnung des Aufsichtsrats zusammengefasst. Angesichts der Größe des Aufsichtsrats wurde auf die Bildung von Ausschüssen verzichtet. Weitere Einzelheiten zur konkreten Arbeit des Aufsichtsrats können dem aktuellen Bericht des Aufsichtsrats entnommen werden, der als Teil des Geschäftsberichts veröffentlicht wird. 

EVENTIM sieht in einer verantwortungsvollen und transparenten Corporate Governance die Basis für langfristigen wirtschaftlichen Erfolg. Leitbild ist dabei der 2002 eingeführte Deutsche Corporate Governance Kodex in seiner jeweils aktuellen Fassung. Vorstand und Aufsichtsrat von EVENTIM konnten daher nach pflichtgemäßer Prüfung zuletzt am 09. Dezember 2010 eine Entsprechenserklärung nach § 161 AktG abgeben, die im entsprechenden Abschnitt der Website www.eventim.de abrufbar ist. 

Weitere Einzelheiten der Corporate Governance Praxis von EVENTIM können Sie dem aktuellen Corporate Governance Bericht entnehmen, der als Teil des Geschäftsberichts veröffentlicht wird und gleichzeitig Bestandteil dieser Erklärung zur Unternehmensführung ist.

Bremen, im März 2011 

CTS EVENTIM AG

Der Vorstand

Erklärung zur Unternehmensführung nach § 289f HGB für das Geschäftsjahr 2010

Die Unternehmensführung der CTS EVENTIM AG ("EVENTIM") als börsennotierte deutsche Aktiengesellschaft wird in erster Linie durch das Aktiengesetz und daneben durch die Vorgaben des Deutschen Corporate Governance Kodex in seiner jeweils aktuellen Fassung bestimmt. 

Entsprechend den gesetzlichen Vorschriften unterliegt EVENTIM dem sogenannten "dualen Führungssystem". Dieses ist durch eine strikte personelle Trennung zwischen dem Vorstand als Leitungsorgan und dem Aufsichtsrat als Überwachungsorgan gekennzeichnet. Vorstand und Aufsichtsrat arbeiten dabei im Unternehmensinteresse eng zusammen.

Der Vorstand leitet das Unternehmen mit dem Ziel nachhaltiger Wertschöpfung in eigener Verantwortung. Dabei gilt der Grundsatz der Gesamtverantwortung, d.h., die Mitglieder des Vorstands tragen gemeinsam die Verantwortung für die gesamte Geschäftsführung. Sie entwickeln die Unternehmensstrategie und sorgen in Abstimmung mit dem Aufsichtsrat für deren Umsetzung. Die Grundsätze der Zusammenarbeit des Vorstands von EVENTIM sind in der Geschäftsordnung des Vorstands zusammengefasst. Der Vorstand von EVENTIM besteht derzeit aus drei Mitgliedern.

Der Vorstand informiert den Aufsichtsrat regelmäßig, zeitnah und umfassend über alle für den EVENTIM Konzern wesentlichen Aspekte der Geschäftsentwicklung, bedeutende Geschäftsvorfälle sowie die aktuelle Ertragssituation einschließlich der Risikolage und des Risikomanagements. Abweichungen des Geschäftsverlaufs von früher aufgestellten Planungen und Zielen werden ausführlich erläutert und begründet. Außerdem berichtet der Vorstand regelmäßig über das Thema Compliance, also die Maßnahmen zur Einhaltung gesetzlicher Bestimmungen und unternehmensinterner Richtlinien, das ebenfalls im Verantwortungsbereich des Vorstands liegt. 

Der Aufsichtsrat berät den Vorstand bei der Leitung des Unternehmens und überwacht seine Tätigkeit. Er bestellt und entlässt die Mitglieder des Vorstands, beschließt das Vergütungssystem für die Vorstandsmitglieder und setzt deren jeweilige Gesamtvergütung fest. Er wird in alle Entscheidungen eingebunden, die für EVENTIM von grundlegender Bedeutung sind. Der Aufsichtsrat von EVENTIM besteht aus drei Mitgliedern und ist ausschließlich mit Vertretern der Aktionäre besetzt. Die Grundsätze der Zusammenarbeit des Aufsichtsrats von EVENTIM sind in der Geschäftsordnung des Aufsichtsrats zusammengefasst. Angesichts der Größe des Aufsichtsrats wurde auf die Bildung von Ausschüssen verzichtet. Weitere Einzelheiten zur konkreten Arbeit des Aufsichtsrats können dem aktuellen Bericht des Aufsichtsrats entnommen werden, der als Teil des Geschäftsberichts veröffentlicht wird. 

EVENTIM sieht in einer verantwortungsvollen und transparenten Corporate Governance die Basis für langfristigen wirtschaftlichen Erfolg. Leitbild ist dabei der 2002 eingeführte Deutsche Corporate Governance Kodex in seiner jeweils aktuellen Fassung. Vorstand und Aufsichtsrat von EVENTIM konnten daher nach pflichtgemäßer Prüfung zuletzt am 19. März 2010 eine Entsprechenserklärung nach § 161 AktG abgeben, die im entsprechenden Abschnitt der Website www.eventim.de abrufbar ist. 

Weitere Einzelheiten der Corporate Governance Praxis von EVENTIM können Sie dem aktuellen Corporate Governance Bericht entnehmen, der als Teil des Geschäftsberichts veröffentlicht wird und gleichzeitig Bestandteil dieser Erklärung zur Unternehmensführung ist.

Bremen, im März 2010

CTS EVENTIM AG 

Der Vorstand

Non-Financial Corporate Report §315b HGB

Overview Group Structure

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