Corporate Governance Code

The German Corporate Governance Code (the "Code")makes recommendations and suggestions for the management and supervision of German listed companies. In this respect, it is based on internationally and nationally accepted standards for good and responsible corporate management. The Code is intended to make the German corporate governance system transparent and comprehensible. The Code includes recommendations (so-called "shall provisions") and suggestions (so-called "should or can provisions") on corporate governance in relation to shareholders and the general shareholders meeting, the management board and the supervisory board, transparency, accounting and auditing of financial statements. The Code is available under www.corporate-governance-code.de.

Declaration of Compliance Concerning the German Corporate Governance Code of December 2022

Declaration of Compliance Concerning the German Corporate Governance Code of December 2022

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Earlier Declarations of Compliance

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Corporate Governance Statement

The Managing Board and the Supervisory Board of SMA Solar Technology AG firmly believe that good and transparent corporate governance in accordance with internationally and nationally recognized standards is a key factor for corporate success. To comply with the principles of corporate governance is of material importance to us in order to ensure the confidence of shareholders, business partners, employees, other stakeholders and the public in the long term. In the following sections, the Managing Board provides its report on corporate governance pursuant to Section 289a of the German Commercial Code (HGB) and – also acting on behalf of the Supervisory Board – pursuant to subsection 3.10 of the German Corporate Governance Code (the “Code”).

Corporate Governance Report

including Information on Corporate Governance Practices in Accordance to Section 289a of the German Commercial Code (HGB)

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Remuneration Report

The Remuneration Report provides detailed, personalized information about the remuneration granted and owed to the members of the Managing Board and Supervisory Board of SMA Solar Technology AG in the reporting year. In addition, the Remuneration Report summarizes the principles that are decisive when it comes to determining remuneration for the Supervisory Board and the Managing Board and also explains the remuneration structure and the emoluments payable. The Report meets the requirements of Section 162 of AktG. Further detailed information regarding the remuneration systems for the Managing Board and Supervisory Board members can be found later on this website.

Remuneration Report

Remuneration Report

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Directors' Dealings

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

21.12.202…

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Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

02.12.202…

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Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

16.08.202…

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Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

05.03.202…

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Voting Rights Notifications

EQS Voting Rights Announcement: SMA Solar Technology AG
SMA Solar Technology AG: Release according to Article 40, Section 1 of the
WpHG [the German…

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EQS Voting Rights Announcement: SMA Solar Technology AG
SMA Solar Technology AG: Release according to Article 40, Section 1 of the
WpHG [the German…

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EQS Voting Rights Announcement: SMA Solar Technology AG
SMA Solar Technology AG: Release according to Article 40, Section 1 of the
WpHG [the German…

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EQS Voting Rights Announcement: SMA Solar Technology AG
SMA Solar Technology AG: Release according to Article 40, Section 1 of the
WpHG [the German…

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Managing Board of SMA Solar Technology AG

Chief Executive Officer

Dr.-Ing. Jürgen Reinert

After he studied electrical engineering in South Africa, Dr.-Ing. Jürgen Reinert (b. 1968) received his doctorate at the Institute for Power Electronics and Electrical Drives (ISEA) at RWTH Aachen, Germany, and began his career as senior engineer there. From 1999 to 2011, he worked for Emotron AB in Sweden, where in his last position, as General Manager, he was responsible for Technology and Operations. From 2011 to 2014, as Executive Vice President, Technology, he was responsible for the division Power Plant Solutions at SMA. Under his leadership, SMA was successful in expanding its worldwide project business and developing turnkey system solutions for large-scale PV power plants. Since April 2014, Dr.-Ing. Jürgen Reinert has been a member of the Managing Board. He was appointed Chief Executive Officer in October 2018. Dr.-Ing. Jürgen Reinert is responsible for Strategy, Sales, Service, Human Resources, Operations and Technology and also serves as labor director of SMA. He is a member of the Supervisory Board at Danfoss A/S.

Dr.-Ing. Jürgen Reinert (Chief Executive Officer)

Board Member for Finance and Legal

Barbara Gregor

Barbara Gregor (b. 1970) started her career at the thyssenkrupp group after graduating in business management. She held a number of positions in Germany and aboard as well as at the group headquarters (central corporate function of controlling). Between 2002 and 2013 she worked in the group’s stainless steel segment, where she supported the establishment of the Shanghai Krupp Stainless joint venture in Shanghai. Her last role was head of controlling and authorized officer for the thyssenkrupp Stainless International Group. From 2013 to 2015, she was CFO of the apt Hiller Group where she spearheaded international growth and M&A projects. Before joining SMA, Barbara Gregor was CFO of the international operating unit thyssenkrupp Materials Trading and Managing Director (CFO) of thyssenkrupp Materials Trading GmbH, where she was responsible for managing and further developing the areas of Finance, Controlling, Accounting, Risk Management, Human Resources and IT. She assumed responsibility for the SMA board functions of Finance, Legal and Capital Market Communications on December 1, 2022.

Barbara Gregor (Board Member for Finance and Legal)

Supervisory Board of SMA Solar Technology AG

Mediation committee

Martin Breul
Kim Fausing
Uwe Kleinkauf
Romy Sieger

Presidial committee

Uwe Kleinkauf (Chairman)
Kim Fausing
Yvonne Siebert (Deputy Chairman)
Dr. Matthias Victo

Audit committee

Oliver Dietzel
Johannes Häde
Alexa Hergenröther (Chairman)
Jan-Henrik Supady (Deputy Chairman)

Nomination committee

Alexa Hergenröther
Uwe Kleinkauf (Chairman)
Ilonka Nussbaumer (Deputy Chairman)
Jan-Henrik Supady

2021

Declaration of Compliance Concerning the German Corporate Governance Code of December 2021 (200 KB)
Declaration of Compliance Concerning the German Corporate Governance Code of March 2021 (165 KB)

2020

Declaration of Compliance Concerning the German Corporate Governance Code of December 2020 (232 KB)

2019

Declaration of Compliance Concerning the German Corporate Governance Code of December 2019 (235 KB)

2018

Declaration of Compliance Concerning the German Corporate Governance Code of December 2018 (171 KB)

2017

Declaration of Compliance Concerning the German Corporate Governance Code of November 2017 (226 KB)

2016

Declaration of Compliance Concerning the German Corporate Governance Code of December 2016 (253 KB)

2015

Declaration of Compliance Concerning the German Corporate Governance Code of February 2015 (147 KB)
Declaration of Compliance Concerning the German Corporate Governance Code of March 2015 (69 KB)
Declaration of Compliance Concerning the German Corporate Governance Code of May 2015 (64 KB)
Declaration of Compliance Concerning the German Corporate Governance Code of December 2015 (127 KB)

2014

Declaration of Compliance Concerning the German Corporate Governance Code of December 2014 (136 KB)

2013

Declaration of Compliance Concerning the German Corporate Governance Code of December 2013 (72 KB)

2009 - 2012

Declaration of Compliance Concerning the German Corporate Governance Code from 2009-2012 (444 KB)

Articles of Incorporation, Rules of Procedure & Remuneration Systems

Rules of Procedure of the Supervisory Board of SMA Solar Technology AG

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Articles of Incorporation SMA Solar Technology AG

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Remuneration System for Members of the Managing Board

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Remuneration System for Supervisory Board Members

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