Corporate Governance Code


The Government Commission of the German Corporate Governance Code established by the German Federal Ministry of Justice in September 2001 approved on February 26, 2002 the German Corporate Governance Code (the "Code") at last adopted various amendments to the Code on June 18, 2009, which have been published on August 5, 2009 in the Electronic Federal Gazette. 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 November 2017

Declaration of Compliance Concerning the German Corporate Governance Code of November 2017

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Declaration of Compliance Concerning the German Corporate Governance Code of December 2016

Declaration of Compliance Concerning the German Corporate Governance Code of December 2016

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Declaration of Compliance Concerning the German Corporate Governance Code of December 2015

Declaration of Compliance Concerning the German Corporate Governance Code of December 2015

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Declaration of Compliance Concerning the German Corporate Governance Code of May 2015

Declaration of Compliance Concerning the German Corporate Governance Code of May 2015

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Declaration of Compliance Concerning the German Corporate Governance Code of March 2015

Declaration of Compliance Concerning the German Corporate Governance Code of March 2015

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Declaration of Compliance Concerning the German Corporate Governance Code of February 2015

Declaration of Compliance Concerning the German Corporate Governance Code of February 2015

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Declaration of Compliance Concerning the German Corporate Governance Code of December 2014

Declaration of Compliance Concerning the German Corporate Governance Code of December 2014

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Declaration of Compliance Concerning the German Corporate Governance Code of December 2013

Declaration of Compliance Concerning the German Corporate Governance Code of December 2013

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Declaration of Compliance Concerning the German Corporate Governance Code from 2009-2012

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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-Bericht

Corporate Governance Report

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

30.03.2017 | Download PDF (675 KB)

Directors' Dealings

DGAP-DD: SMA Solar Technology AG english

Notification and public disclosure of transactions by persons dischargingmanagerial responsibilities and persons closely associated with them08.06.2018 / 17:00The issuer is solely responsible for the content of this...

DGAP-DD: SMA Solar Technology AG english

Notification and public disclosure of transactions by persons dischargingmanagerial responsibilities and persons closely associated with them30.05.2018 / 17:30The issuer is solely responsible for the content of this...

DGAP-DD: SMA Solar Technology AG english

Notification and public disclosure of transactions by persons dischargingmanagerial responsibilities and persons closely associated with them30.05.2018 / 17:30The issuer is solely responsible for the content of this...

DGAP-DD: SMA Solar Technology AG english

Notification and public disclosure of transactions by persons dischargingmanagerial responsibilities and persons closely associated with them30.05.2018 / 17:30The issuer is solely responsible for the content of this...

Share Voting Rights Disclosures

Managing Board of SMA Solar Technology AG


Pierre-Pascal Urbon

CEO, Board Member for Strategy, Sales and Service

Pierre-Pascal Urbon (b. 1970) studied business administration and was active in mergers and acquisitions (M&A) consulting until 2005—when he joined SMA. In 2006, he was appointed to the Managing Board and in 2011 as Chief Executive Officer. Urbon planned SMA’s initial public offering and partnership with Danfoss A/S. He has also decisively advanced the Group’s internationalization and the Company’s transformation in 2015. As Chief Executive Officer, he has been responsible for Strategy, Sales and Service since January 2017. Pierre-Pascal Urbon is a member of the Board of Directors of Tigo Energy, Los Gatos, USA.

Jürgen Reinert

Deputy CEO, Board Member for Operations and Technology

After he studied Electrical Engineering in South Africa, Jürgen Reinert (b. 1968) received his Doctorate at the Institute for Power Electronics and Electrical Drives (ISEA) in Aachen, Germany, and began his career as Chief-Engineer there. From 1999 to 2011, he worked for the Emotron Group in Sweden, where he was board member with responsibility for Technology and Operations. From 2011 to 2014, he was head of the division Power Plant Solutions at SMA. Under his leadership, SMA successfully expanded its worldwide project business and developed turnkey system solutions for large-scale PV power plants. Since April 2014, Dr.-Ing. Jürgen Reinert is a member of the Managing Board at SMA and since January 2016 is responsible for Operations, R&D and the Business Units. Jürgen Reinert is a member of the Danfoss A/S Supervisory Board.

Ulrich Hadding

Board Member for Finance, Human Resources and Legal

Ulrich Hadding (b. 1968) held different positions at the SCHOTT Group in Germany and abroad for ten years, most recently as Head of Legal & Compliance for SCHOTT Solar AG. He moved to SMA in 2009, initially establishing an internationally oriented Legal department and then the Compliance function. He played a major role in nearly all of SMA’s recent M&A activities and successively took on further management functions, e.g., for Tax, Insurance, Controlling and Financial Project Management. Since the end of 2015, he has been Head of Finance and Legal and member of SMA’s Executive Management Committee. Since January 2017, Ulrich Hadding has been a member of the Managing Board with responsibility for Finance, Human Resources and Legal. He also serves as labor director of SMA.

Supervisory Board of SMA Solar Technology AG


Shareholder Representatives

Roland Bent
Peter Drews
Dr. Erik Ehrentraut (Chairman)
Kim Fausing (Deputy Chairman)
Alexa Hergenröther
Reiner Wettlaufer

Employee Representatives

Oliver Dietzel
Johannes Häde
Heike Haigis
Yvonne Siebert
Dr. Matthias Victor
Hans-Dieter Werner

Presidial committee

Dr. Erik Ehrentraut (Chairman)
Yvonne Siebert (Deputy Chairman)
Kim Fausing
Dr. Matthias Victor

Audit committee

Alexa Hergenröther (Chairman)
Dr. Erik Ehrentraut (Deputy Chairman)
Oliver Dietzel
Johannes Häde

Nomination committee

Peter Drews (Chairman)
Reiner Wettlaufer (Deputy Chairman)
Dr. Erik Ehrentraut
Kim Fausing

Mediation committee

Heike Haigis (Chairman)
Kim Fausing (Deputy Chairman)
Dr. Erik Ehrentraut
Hans-Dieter Werner

Articles of Incorporation & Rules of Procedure