0.2 Financial reporting requirements of listed firms

Question 1

Going public entails many additional financial reporting requirements

Answer 1

Company Law, HGB AktG, GAS:
- Mandatory adoption of IFRS
- Additional disclosures in the management report, and additional disclosures only for parent companies

Capital Market Law, WpHG MAR
- Publication of annual financial statements within four months (not 12 months)
- Ad-hoc reporting

Stock Exchange Regulation, BörsO
- Publication of annual financial reports in German and English
- Publication of quarterly management statements (Prime Standard)

Question 2

Further requirements

Answer 2

• Responsibility statement (Bilanzeid)
• Corporate Governance Declaration according to § 289f HGB (§ 315d HGB)
  1. Declaration of conformity with the recommendations of the GCGC
  2. Information on corporate governance practices
  3. Description of the modes of work of the executive board and the supervisory board as well as of the composition and modes of work of their committees
  4. Information on objectives for the gender proportion in top management positions
  5. Information on the proportion of women on the executive board and the supervisory board
  6. Description of the diversity concept