52. Declaration of compliance with the German Corporate Governance Code

In September 2017, the Management Board and the Supervisory Board issued the annual declaration of pursuant to § 161 of the German Stock Corporation Act (AktG) concerning the recommendations of the Government Commission on the German Corporate Code and updated it in November 2017. Both statements are published permanently on the homepage of METRO AG (www.metroag.de).

Compliance
All measures specifying a company’s and its employees’ behaviour in accordance with legislation, established social guidelines and values.
Glossary
Governance
Principles governing the management and supervision of the different players who have an influence on a company.
Glossary