Corporate Governance

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Corporate Governance

Corporate governance stands for a form of responsible company management and control geared to long-term creation of value. One of our particular aims in this context is to foster the confidence of investors, clients, employees and the general public. Also of great relevance for us are efficient practices on the Board of Management and Supervisory Board, good collaboration between these bodies and with the companies’ staff, and open and transparent corporate communications.

Our understanding: Corporate governance report

Corporate governance stands for a form of responsible company management and control geared to long-term creation of value.

Combined Statement of Corporate Governance for the 2016 financial year pursuant to Section 289a and Section 315 (5) of the German Commercial Code (HGB)

As a joint-stock company listed on the stock exchange and as the parent company in accordance with Section 289a (1) of the German Commercial Code (HGB), Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (Munich Reinsurance Company) has published the following Statement on Corporate Governance pursuant to Section 289a of the Commercial Code, and the Statement on Corporate Governance for the Group pursuant to Section 315 (5) of the Commercial Code.

Declarations of conformity with GCGC (DCGK)

Declarations of compliance by Munich Reinsurance Company's Board of Management and Supervisory Board with the German Corporate Governance Code in accordance with Section 161 of the German Stock Companies Act.

Articles of Association (Satzung)

The German Stock Companies Act requires joint-stock companies to have Articles of Association. These record such information as the company's name, its registered seat, the amount of its share capital and the number of members of its Board of Management and Supervisory Board.

Board of Management

All the members of Munich Reinsurance Company's Board of Management, their areas of responsibility and remuneration, at a glance.

Supervisory Board

All the members of the Supervisory Board, its five committees and remuneration.

Annual General Meeting

Munich Reinsurance Company's Annual General Meeting allows shareholders to advise and adopt resolutions on important matters affecting the Company.

Auditors report

Auditor for fiscal year 2016: KPMG Bayerische Treuhandgesellschaft Aktiengesellschaft Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft.

Co-determination agreement

At Munich Reinsurance Company, the co-determination of employees on the Supervisory Board is duly outlined in the co-determination agreement.


Compliance with applicable laws and internal rules and principles is binding for all employees of Munich Re.

Financial Crime Management

The risk of falling victim to financial crime increases with a company's size and the rising complexity of its structures and workflow.

Munich Re Code of Conduct

In our Code of Conduct we clearly state our views on corporate integrity, i.e. legally impeccable behaviour based on ethical principles.


In the interests of our stakeholders, we contribute our knowledge and expertise to the political decision-making process.

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