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 2021

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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

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

05.03.202…

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

08.11.201…

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Stimmrechtsmitteilungen

DGAP 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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DGAP 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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DGAP 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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DGAP 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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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

Thomas Pixa

Thomas Pixa (*1976) is a graduate in business administration and began his career with the accounting firm KPMG AG. He then worked for ThyssenKrupp AG both in Germany and internationally. He joined SMA in 2009, initially establishing an internationally oriented Internal Audit department and then the company-wide Risk and Opportunities Management function. He was appointed to the position of Executive Vice President Finance in 2017 and has been responsible for the Finance and Controlling functions as well as the Global Order Center. He is also a member of SMA’s Group Management Committee. Thomas Pixa was appointed to the Managing Board on June 1, 2022, and is responsible for Finance, Legal and capital market communication.

Thomas Pixa (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 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 (German)

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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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