DIN SPEC 33456:2015-12

This DIN SPEC includes guidelines for organizational processes and business processes in oversight bodies such as supervisory boards, advisory boards and boards of directors. The guidelines are set to impose a reference model and a process map of the supervisory board for routines that occur regularly as part of the monitoring work. Potential users and target groups of these guidelines are advisory boards of various companies, especially medium-sized companies, family businesses, foundations and public companies. The reference model provides sufficient degrees of freedom and thereby flexibility of an enterprise customization. The DIN SPEC primarily is supposed to provide a business perspective of the regular running routine work of supervisory bodies. As far as the present DIN SPEC necessarily refers to legal regulations, recommendations and suggestions of the German Corporate Governance Code (DCGK) or any other relevant jurisdiction, it reflects the state as of June 1, 2015. Not considered were among others the DCGK Code amendments in 2015, the draft of the law on the implementation of the trial-related provisions of Directive 2014/56/EU as well as for carrying out the relevant provisions of Regulation (EU) No 537/2014 with regard to the statutory audit of public interest entities (auditing reform law - AReG), the draft of the law on the implementation of supervisory and professional regulations of Directive 2014/56/EU as well as for carrying out the relevant provisions of Regulation (EU) No 537/2014 with regard to the statutory audit of public interest entities (Auditor Oversight Reform Act - APAReG ), the draft of the law transposing Directive 2013/34/EU of the European Parliament and of the Council of June 26, 2013, the annual financial statements, consolidated financial statements and related reports of certain types of undertakings and amending Directive 2006/43/EC the European Parliament and of the Council and repealing Council Directives 78/660/EEC and 83/349/EEC (Accounts Directive implementation Act - BilRUG), the proposal for a directive amending Directive 2007/36/EC with regard to the promotion of long-term involvement of shareholders and Council Directive 2013/34/EU in relation to certain elements of the Statement on Corporate Governance (Shareholder Directive), as well as the law for the equal participation of women and men in leadership positions in the private sector and the public sector from April 24, 2015.