The Board of Management defines the long-term goals and strategies for the company and sets forth the principles and directives for the resulting corporate policies. It coordinates and monitors the most important activities, defines the company's portfolio, develops and deploys managerial staff, allocates resources and decides on the ﬁnancial steering and reporting of the Covestro Group.
The members of the Board of Management bear joint responsibility for running the business as a whole. However, the individual members manage the areas assigned to them on their own responsibility within the framework of the decisions made by the full Board. The full Board of Management makes decisions on all matters of fundamental importance and in cases where a decision of me full Board is prescribed by law or otherwise mandatory.