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Corporate Governance

HOW WE TAKE ON RESPONSIBILITY

What drives us: integrity with vision – at all levels.

Over 100 years in business have taught us how responsible, forward-looking action should be – and that transparent governance built on trust lays the foundations for long-term success. Corporate governance is therefore the bedrock for our daily activities at PWO Group. What drives us is earning the trust of our shareholders, employees, customers and business partners day after day.

We are committed to complying with the German Corporate Governance Code, as amended, and follow the comply or explain principle. This requires companies to publish an annual declaration of compliance stating whether they have complied with the Corporate Governance Commission’s recommendations on business conduct.

Compliance

Compliance at PWO entails conscious, dependable actions in accordance with applicable law, internal standards and ethical convictions. To ensure this, our compliance management system (CMS) and compliance program are based on a careful analysis of the potential compliance risks for all PWO companies and on measures developed to minimize specific risks. Those are minimized through hands-on training, clear codes of conduct and provision of transparent information on ethical behavior and responsible action.

We also take on responsibility when screening and working with business partners. By carrying out systematic integrity checks (based on legal requirements, among other things) and checks of sanctions lists, we ensure that the collaboration takes place on an equal footing – fair, in compliance with the law and steered with foresight. For us, this is all part of doing business in a manner that is consistent, credible and based on our values. After all, sustainable success starts with the decision to do the right thing.

The compliance management system (CMS) for PWO AG in Germany, Oberkirch site, is certified to the international standard ISO 37301:2021 and the anti-corruption management systems integrated therein are certified to ISO 37001:2016.

Code of ConducT

To promote a culture of integrity at PWO, we have developed policies that govern how we interact with one another, both within the group and in our dealings with business partners. These binding policies are permanently available to the entire PWO Group and are applicable to all employees of PWO AG and our subsidiaries worldwide. Our central Compliance Office is available to provide support in specific everyday situations, as are the compliance representatives at our subsidiaries.

Standards by which we do business:

Respect for and upholding of human rights
Compliance with applicable laws and internal policies
Commitment to fair and free competition
Zero tolerance of corruption
Separation between business and personal interests
Protection of confidential information and trade secrets
Promotion of transparent business practices and open communication

PWO Compliance Code of Conduct
PWO_231162_Verhaltenskodex_EN_231108.pdf
pdf
1,30 MB

Business Partner Code of ConducT

We consider ethical behavior and compliance with rules to be essential prerequisites for partnerships built on trust, leading to successful collaborations over the long term. Our PWO Business Partner Code of Conduct explains and communicates our ethical principles and what we expect of our business partners worldwide in this regard, thereby sharpening awareness of integrity and business ethics.

PWO Group
GL0086_Obk_LA_Business_Partner_Code_of_Conduct_en.pdf
pdf
148,00 KB

Whistleblower systeM

Violations of laws and non-compliant behavior can have far-reaching consequences – from large fines and assertion of claims for damages up to tarnishing of a company’s good name. To identify and address violations of applicable law, our internal policies and risks related to human rights and the environment early on, we set up a whistleblower system that can be used to contact us around the clock – also anonymously if desired – by sending messages specially protected by encryption and security technologies.

The following link will guide you through the reporting procedure step by step.

Whistleblower app

Anyone having comments or concerns is also welcome to contact our Compliance Officer directly in confidence.

Please be aware that reported information may have far-reaching and possibly irreversible consequences for the individuals and companies concerned. For this reason, reports may only be made if there are reasonable grounds for suspicion.

Reports and explanations

Statements on Corporate Governance

The Corporate Governance Statement in accordance with Section 289f and Section 315d of the German Commercial Code (HGB) is combined for PWO AG and the Group and is part of the combined management report.

Previous Corporate Governance Reports

Declaration of Compliance

Management Boards and Supervisory Boards of publically listed companies must annually declare that the recommendations of the "Government Commission German Corporate Governance Code" published by the Federal Ministry of Justice and Consumer Protection in the official part of the Federal Gazette have been and will continue to be met, and which recommendations were not and will not be applied, in which case they are required to provide a reason. The Declaration must be made permanently available to shareholders.

Remuneration Report

The remuneration report was prepared jointly by the Executive Board and the Supervisory Board, is based on the requirements of German stock corporation law (section 162 of the Aktiengesetz (AktG – German Stock Corporation Act) and is consistent with the applicable recommendations of the German Corporate Governance Code as amended on April 28, 2022.

Sustainability report

Further information

Articles of Association PWO AG
Articles-of-Association-of-PWO-AG_2025.pdf
pdf
163,90 KB

1) The English translation of this document is provided for ease of understanding only. In the event of a difference in interpretation between the German and English texts, the German version shall prevail.

HOW CAN WE HELP YOU?

Do you have questions about Corporate Governance? We will be happy to help you.

Christian Bühler

Compliance Officer of PWO Group

+49 (7802) 84-178 +49 (7802) 84-88178 cmplncpw-grpcm

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