The Management Board and the Supervisory Board are the executive bodies of cyan AG and are responsible for managing the company’s agendas. The duties of the Board of Management and Supervisory Board and the cooperation between them are defined in the Articles of Association and the procedural rules adopted by the Supervisory Board.
The Board of Management is the management body of a limited company, and is responsible for the management and achievement of business policy objectives. The Supervisory Board decides on matters of fundamental importance and strategic direction as the controlling body.
Basics & Statutes
The internal rules for the corporate management of cyan AG, such as the procedural rules of the Executive Board and the Supervisory Board, are guided by good corporate governance and the recommendations of the German Corporate Governance Code. Particularly the cooperation between the Supervisory Board and the Executive Board is aimed at the continuous existence of the company and increasing the sustainable company value.
cyan AG is not subject to the legal obligations of issuing a declaration of compliance according to § 161 AktG (German Stock Corporation Act) to the German Corporate Governance Code or other legal obligations such as a declaration of corporate governance according to § 289 f HGB (German Commercial Code).
The basic prerequisite and benchmark for all business activities is having the confidence of investors, customers and employees in the high standard of corporate management at cyan AG and the associated sense of responsibility. Basics and elements of the system of corporate management and supervision of cyan AG are presented in the following.