Capital Stage is investing in solarparks and windfarms and is Germany’s largest solarpark operator.

Corporate Governance Code

Investor relations: Corporate Governance Code/Notes on corporate governance pursuant to § 289a of the German Commercial Code (HGB)

Corporate governance is an umbrella term for the entire system of managing and supervising a company, including its organisation, commercial principles, and internal and external control mechanisms.

The German Corporate Governance Code is intended to make national legislation concerning the management and supervision of companies more transparent for national and international investors in order to increase confidence in the governance of German businesses. The code addresses all significant areas of criticism (especially international criticism) of German corporate governance, specifically:

  • an inadequate focus on shareholder interests;
  • the two-tiered internal structure of a management board and a supervisory board;
  • a lack of transparency in German corporate governance;
  • a lack of independence in German supervisory boards;
  • a limited independence of auditors.

Here you can find the current declaration by the management board and the supervisory board regarding the recommendations of the governmental commission on the German Corporate Governance Code as per § 161 of the German Companies Act (AktG).

We also provide the annual Corporate Governance Report from the management and supervisory boards pursuant to Item 3.10 of the Corporate Governance Code.

Declaration on corporate governance pursuant to § 289a

More information about the Corporate Governance Code

Ad hoc announcements

Capital Stage AG enters a long-term strategic partnership ...

Capital Stage, the SDAX-listed, Hamburg-based solar and wind park investor and operator, today announced that it has entered a strategic partnership ... read more


Press releases

Capital Stage Group takes over Treucon Asset Management ...

CHORUS Clean Energy AG (“CHORUS”), a member of the Capital Stage Group serving institutional investors, has taken over Treucon Asset Management GmbH. ... read more


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