CENIT AG
ISIN DE0005407100, WKN 540710
Stock exchange: XETRA
The principles of values-based and transparent company management and control have become much more significant in the evaluation and appraisal of listed companies. In September 2001, the German Federal Ministry of Justice took up this issue with the establishment of the German Corporate Governance Code regulatory committee, chaired by Dr Gerhard Cromme. The committee approved the Code on 26 February 2002 and has since modified it. The Code has a legal basis in the statement of compliance pursuant to Section 161 of the Stock Corporation Act (incorporated as a result of the Transparency and Disclosure Act, which came into effect on 26 July 2002). As a result of Section 161 of the Stock Corporation Act, all listed companies are required to disclose their compliance with the requirements of the Code and explain any potential non-conformities (comply or explain). In particular, this should meet the expectations of international investors.
You can download and read or print out the current version of the German Corporate Governance Code on the home page here.
March 30, 2022
Pareto Securities TechIT Conference, virtual
March 31, 2022
Release of Annual Report 2021
April 04-05, 2022
Investor Access-Conference, Paris
April 06-07, 2022
Metzler Micro Cap Days, Frankfurt
May 03-04, 2022
GBC Munich Capital market conference, Munich
May 11, 2022
IR-presentation to the Q1-2022
May 20, 2022
Annual Shareholder's Meeting, virtual
May 23-25, 2022
German Spring Conference, Frankfurt
June 02, 2022
Quirin Champions 2022, virtual
August 02, 2022
Release of 6-Months Report 2022
September 05-06, 2022
Equity Forum, Autumn Conference, Frankfurt
November 03, 2022
Release of 9-Months Report 2022
November 28-30, 2022
German Equity Forum, Frankfurt
The current Declaration of Compliance was generated in accordance with Section 161 of the Stock Corporation Act on 16 December 2019.
Declaration of Compliance 2021
Declaration of Compliance 2020
Declaration of Compliance 2019
Declaration of Compliance 2018
Declaration of Compliance 2017
Declaration of Compliance 2016
Declaration of Compliance 2015
Declaration of Compliance 2014
Declaration of Compliance 2013
Declaration of Compliance 2012
Declaration of Compliance 2011
Declaration of Compliance 2010
Declaration of Compliance 2009
Declaration of Compliance 2008
Declaration of Compliance 2007
Declaration of Compliance 2006
Declaration of Compliance 2005
Declaration of Compliance 2004
You can download the Corporate Governance Statement of CENIT AG in German here.
You can download the Compliance Management System of CENIT AG in German here
The Company’s Management Board members were:
The Company’s Supervisory Board members were:
Mr. Rainer-Christian Koppitz is CEO of the KATEK SE Group, a member of the supervisory board of i-pointing Ltd. and chair of the supervisory board of NFON AG. Prof. Dr. rer. pol. Isabell M. Welpe is a member of the supervisory board of Deloitte Deutschland GmbH Wirtschaftsprüfungsgesellschaft and a member of the supervisory board of CANCOM SE. All other members of the Supervisory Board did not belong to any other supervisory boards or control bodies during the reporting year.
The remuneration system for the Management Board of CENIT AG comprises a performance-based component and a component that is independent of performance. The performance-based part is based on the Group’s earnings for the year (EBIT) in accordance with IFRS. Pursuant to the articles of incorporation and bylaws, the Supervisory Board receives fixed compensation. Each member of the Supervisory Board receives a fixed amount of EUR 20,000 payable after the end of the reporting period. The chair of the Supervisory Board receives twice that amount, while the deputy chair receives one and a half times that amount.
The expense for the remuneration of the members of the Management Board and Supervisory Board active as of 31 December 2021 recognized in profit or loss breaks down as follows:
| in EUR k | 2021 | 2020 |
| Management Board remuneration | ||
| Fixed | 604 | 615 |
| Fringe benefits | 49 | 54 |
| Performance-based | 298 | 130 |
| Total short-term benefits | 951 | 799 |
| Long-term incentive | 182 | 110 |
| Total long-term benefits | 182 | 110 |
| Total remuneration of the Management Board | 1,133 | 909 |
| Supervisory Board compensation | 90 | 90 |
| Total compensation of the Supervisory Board | 90 | 90 |
| Total | 1,223 | 999 |
Total remuneration of the active Management Board in accordance with Sec. 314 (1) No. 6a HGB amounts to EUR 912 k in the reporting period (prior year: EUR 1,077 k). Of this figure, EUR 653 k (prior year: EUR 669 k) relates to fixed components while EUR 259 k (prior year: EUR 408 k) relates to performance-based components. Total remuneration of former Management Board members in accordance with Sec. 314 (1) No. 6a HGB amounts to EUR 297 k in the reporting period.
The D&O insurance was continued in 2021 for Management Board members and Supervisory Board members as well as other executives. The premiums of EUR 99 k (prior year: EUR 51 k) were borne by the Company.
The Management Board held 14,000 shares as of the end of the reporting period (0.17%). The Supervisory Board members held 100 shares.
Disclosures on the remuneration of the Management Board and the Supervisory Board of CENIT AG are presented individually in the remuneration report, which you can download here in its German version.
You can find CENIT AG's remuneration system for the Management Board and Supervisory Board here in its German version.
At CENIT, we understand Corporate Social Responsibility (CSR) to mean responsible and sustainable management of the company. We require that our employees, business partners and suppliers comply with all applicable laws and guidelines.
We observe and respect human rights within our sphere of influence and base our conduct on the ten principles of the UN Global Compact. We fully support the abolition of any form of forced or child labour and expect the same of our business partners and suppliers.
CENIT does not tolerate corruption, bribery or the acceptance/granting of personal advantage in all their forms and works against unfair trading practices. In their dealings with business partners, customers, suppliers and government officials, our employees maintain clear boundaries between the normal parameters of a business relationship and private interests.
This is the basis of the way we do business and we firmly believe that a company can only be successful if business or financial concerns are held in equal consideration as its responsibilities towards society and the planet. For us, this also means involving our stakeholders and maintaining ongoing, open dialogue with them.
Tanja Marinovic
CENIT AG
Industriestraße 52 - 54
70565 Stuttgart | Germany