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Corporate Governance

Corporate governance refers to the entire system for managing and supervising a company. This includes its organization, values, corporate principles and guidelines as well as internal and external control and monitoring mechanisms. Effective and transparent corporate governance ensures that BASF is managed and supervised responsibly with a focus on value creation. It fosters the confidence of our investors, the financial markets, our customers and other business partners, employees, and the public in BASF.

Implementation of the German Corporate Governance Code (GCGC)

BASF advocates responsible corporate governance that focuses on sustainably increasing the value of the company. BASF SE follows all of the recommendations of the German Corporate Governance Code in the version dated April 28, 2022 (Code 2022), the version in force at the time of submitting the Declaration of Conformity on December 20, 2023.In the same manner, BASF follows almost all of the nonobligatory suggestions of the German Corporate Governance Code. Only suggestion A.7, whereby the duration of the Annual Shareholders’ Meeting should not exceed six hours, was not complied with by BASF in 2023 due to the large number of questions asked at the Annual Shareholders’ Meeting.

BASF SE’s Corporate Governance System

The fundamental elements of BASF SE’s corporate governance system are: its two-tier system, with a transparent and effective separation of company management and supervision between BASF’s Board of Executive Directors and the Supervisory Board; the equal representation of shareholders and employees on the Supervisory Board; and the shareholders’ rights of co-administration and supervision at the Annual Shareholders’ Meeting.

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Board of Executive Directors

The Board of Executive Directors consists of six members. Dr. Markus Kamieth is Chairman of the Board of Executive Directors (CEO).

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Supervisory Board of BASF SE

The Supervisory Board of BASF SE consists of twelve members. It is composed of six shareholder representatives elected by the Annual Shareholders’ Meeting and six employee representatives appointed by the BASF European Works Council.

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Compensation Report

The Compensation Report outlines the main principles of compensation for the members of the Board of Executive Directors and the Supervisory Board and provides specific information on compensation granted and owed to current and former members of the Board of Executive Directors and Supervisory Board in the 2023 business year.

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Code of Conduct

We are strictly committed to high standards of legal compliance and business ethics. Our Code of Conduct defines the boundaries within which we as BASF employees must act to comply with laws and internal policies. By doing so, it protects BASF and each of us.

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Managers’ Transactions

Obligatory reportable and publishable directors’ dealings under Article 19(1) of the E.U. Market Abuse Regulation 596/2014 (MAR)

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Diversity and Inclusion

Read more about our global goals for more diversity in BASF's leadership team and for promoting the participation of women in leadership positions.

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Payment Reports

Overview of BASF Group payment reports starting from the year 2016 (in German).

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