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For the Executive Board and Supervisory Board of ProSiebenSat.1 Media SE, good corporate governance – and therefore compliance – is an essential component of responsible, transparent management and control, oriented to long-term value creation.

Transparency and independence

In addition to efficient structures and processes for good governance, ProSiebenSat.1 Group places great value on openness and clarity in communication. This is an important requirement for maintaining and increasing the confidence of external stakeholders and our employees in the Group. Our public relations and investor relations work is guided by the transparency guidelines of the German Corporate Governance Code (Deutscher Corporate Governance Kodex - DCGK). We communicate fully, promptly and frankly with journalists, investors, analysts, shareholders and interested members of the public. For us, equal treatment of all players is a matter of course. We provide detailed information in German and English about our business activities, the ProSiebenSat.1 stock and the financial results on our Group website www.ProSiebenSat1.com.

Compliance

ProSiebenSat.1 Group follows a policy of compliance. In the following, we report on the fields of law identified as particularly relevant for ProSiebenSat.1 Group. The prevention of corruption and violations of antitrust law and media law are important success factors for the market position and the attainment of the targeted corporate objectives. Due to the increasing digitalization of our business operations, data protection and the associated preservation of personal rights also form a central pillar of the compliance-management system (CMS). Compliance with legal requirements for other fields of law relevant to ProSiebenSat.1 Group is addressed via separate governance systems. ProSiebenSat.1 does not tolerate rule-breaking. ProSiebenSat.1 Group has therefore set down fundamental guidelines and procedures in its Code of Compliance.

Anti-corruption: ProSiebenSat.1 aims to create transparency in its dealings with customers, suppliers and authorities in order to meet international standards for combating corruption and national and local requirements for combating corruption and bribery.

Antitrust law: In the field of antitrust law, ProSiebenSat.1’s CMS covers the prevention of agreements and concerted practices that may adversely affect competition (Section 1 of the German Act against Restraints of Competition (GWB), Art. 101 of the Treaty on the Functioning of the European Union (TFEU)) and the prevention of the abuse of a dominant market position (Section 19 GWB, Art. 102 TFEU).

Media law: The requirements of the CMS according to media law concern licensing requirements, journalistic independence, the separation of advertising and programming, requirements for product placement, requirements according to laws for the protection of young people and the prevention of surreptitious advertising or the broadcast/distribution of illegal advertising. To protect journalistic independence and fundamental journalistic conditions, ProSiebenSat.1 Group formulated guidelines back in 2005 that all program creators in Germany are obliged to uphold.

Youth protection

In the field of youth protection, ProSiebenSat.1 Group makes sure that programming on TV and online is age-appropriate. They work independently of the management and ensure that content which is inappropriate for children is broadcast only at the legally prescribed broadcasting times.They also guarantee technical methods of protection regarding the distribution of unsuitable content on the internet. Youth protection officers are therefore involved early on in the production and purchase of programs at ProSiebenSat.1. At an early stage, they assess screenplays, accompany productions and formats and compile reports. Independently, ProSiebenSat.1 Group’s TV and online editors receive regular training on youth protection requirements. In addition to internal guidelines and training, we are also committed to protecting young people via various organizations.

Data protection

Data protection: For a media company like ProSiebenSat.1, data protection is of particularly high importance, especially in light of advancing digitalization and new services such as addressable TV. In addition to statutory provisions, the Company’s internal guidelines are binding for the handling of personal data and their automatic collection, processing and use. ProSiebenSat.1 has set down its data protection principles in its data protection policy, the Code of Compliance and in further data protection provisions. Among other things, the guidelines precisely dictate the data protection processes in the Group.

Joint Remuneration Agreements

Bundesverband der Film- und Fernsehregisseure e.V. ("BVR") and Bundesverband der Film- und Fernsehschauspieler ("BFFS") have each entered into so-called "Gemeinsame Vergütungsregeln" (Joint Remuneration Agreements within the meaning of Sections 32a and 36 Urheberrechtsgesetz [German Copyright Act]) with ProSiebenSat.1 TV Deutschland GmbH on July 1, 2013. Besides, Verband Deutscher Drehbuchautoren e.V. ("VDD") has entered into "Gemeinsame Vergütungsregeln" with ProSiebenSat.1 TV Deutschland GmbH on June 3, 2014. In addition, the German Society of Cinematographers has entered into "Gemeinsame Vergütungsregeln" with ProSiebenSat.1 TV Deutschland, on August 17, 2016. Those "Gemeinsame Vergütungsregeln" are the first joint remuneration agreements for fictional TV productions and constitute further payments for TV productions commissioned or predominately financed by ProSiebenSat.1.

Joint Remuneration Agreements

 Joint Remuneration Agreements with BVR

Joint Remuneration Agreements with BFFS

Joint Remuneration Agreements with VDD

Joint Remuneration Agreements with BVK