Corporate Governance

Corporate governance stands for responsible corporate leadership and management aimed at increasing the shareholder value in the long term; purposeful and efficient collaboration between the Management Board and the Supervisory Board; consideration for the interests of shareholders and employees; transparency and responsibility in all corporate decision making; as well as appropriate risk treatment.

Declaration of Compliance

Pursuant to Article 161 of the Stock Corporation Law (AktG) Executive and Supervisory Board of a listed German stock corporation are required to issue an annual declaration stating whether the German Corporate Governance Code has been and is being observed and which of the Code's recommendations have not been or are not being applied.

Supervisory Board Committees

The German Corporate Governance Code recommends that the Supervisory Board should form professionally qualified committees depending on the specific circumstances of the company and the number of its members (GCGC D.2 sentence 1).

The Supervisory Board of LPKF Laser & Electronics AG currently consists of three members. Due to its size and in accordance with the Code's recommendation, the Supervisory Board has not formed any committees, but instead performs the tasks itself in its entirety that would be assigned to an audit, nomination, compensation or sustainability committee in larger supervisory boards.

The Supervisory Board considers its current members to be independent of the Management Board and the Company. There is currently no controlling shareholder on which the Supervisory Board members could be dependent.

Management Declaration

The actions of the LPKF Group’s management and supervisory bodies are guided by the principles of responsible and good corporate governance. The Management Board and the Supervisory Board report on issues of corporate governance in this chapter pursuant to Article 3.10 of the German Corporate Governance Code. This chapter also contains the corporate governance declaration pursuant to Sections 289a and 315 (1) of the German Commercial Code (Handelsgesetzbuch – HGB). Corporate governance is an important component of our corporate management. It follows business policy principles as well as guidelines and includes a balanced system of internal and external monitoring tools. Below you will find all relevant information on corporate governance pursuant to §289 a HGB.

Remuneration report

The remuneration report essentially explains the remuneration of the members of the Management Board of LPKF Laser & Electronics AG and the statutory remuneration of the members of the Supervisory Board. The remuneration report is based in particular on the recommendations of the German Corporate Governance Code (DCGK), the requirements of the German Commercial Code (HGB) and the German Stock Corporation Act (AktG).

Directors' Dealings

Pursuant to Section 15a of the German Securities Trading Act (Wertpapierhandelsgesetz), LPKF AG executives and certain relatives are obliged to notify the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht) and the company of the purchase and sale of LPKF shares and other related rights if the value limit of € 5,000 is exceeded within the calendar year.

Below you will find the notifications of transactions subject to publication requirements.

Articles of Incorporation

The German Stock Corporation Act requires stock corporations to have articles of incorporation. The current version of the articles of incorporation of LPKF Laser & Electronics AG can be found in the Corporate Governance Documents.