Committed to value creation

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 the full Board is prescribed by law or otherwise mandatory.

In all its actions, the Board takes account of the interests of stockholders, employees and other stakeholders. It performs its tasks according to the law, the Articles of Incorporation, the Board of Management's rules of procedure, and the recommendations of the German Corporate Governance Code as stated in the Declaration of Conformity. lt ensures compliance with the law and internal company directives, and works with the company's other governance bodies in a spirit of trust.

According to the Board of Management's rules of procedure and schedule of duties, the Chair bears particular responsibility for coordinating all Board of Management areas. The Chair represents the Board of Management, Covestro AG and the Group in dealings with the public and other third parties.

Find more information on the Board of Management, including details of the compensation for its members, in the description of the compensation system and the Covestro Annual Report.