GOVERNANCE & COMPLIANCE
Governance and compliance are also key areas of focus in our sustainability strategy: The Executive Board and Supervisory Board consider good corporate governance to be an essential component of responsible, transparent corporate management geared toward long-term value creation. The Executive Board is convinced that sustainable economic success in a competitive environment is only possible on the basis of lawful business practices. Integrity and compliance are therefore of utmost importance. Our goal is to minimize the risk of violations of legal and ethical standards.
The German Corporate Governance Code (DCGK) has established a standard for transparent corporate control and management. The relevant information on corporate governance at ProSiebenSat.1 can be found in particular in the Management Declaration pursuant to Sections 289f and 315d of the German Commercial Code (HGB). In addition to the annual declaration of conformity pursuant to Section 161 of the German Stock Corporation Act (AktG), it contains further relevant information on the corporate governance practices of the ProSiebenSat.1 Group.
Our guidelines, processes, and corporate culture aim to provide employees with guidelines for acting with integrity and in compliance with regulations. The Executive Board is primarily responsible for strategic direction and ensures compliance with ethical, legal, and corporate standards, while the Supervisory Board is responsible for monitoring and controlling implementation.
The corporate culture of the ProSiebenSat.1 Group promotes integrity, transparency, and responsibility and is supported by a comprehensive compliance management system (CMS). In addition to corruption prevention, the CMS also includes measures for money laundering prevention, sanctions, embargoes, and data protection. Through our participation in the UN Global Compact, we are actively committed to fighting corruption.
Further information on the "Governance & Compliance" field of action can be found here:
Personal data from customers, viewers, applicants, employees, business partners, and shareholders is of central importance to our business activities. Careful handling of this data is a matter of course for every company in the ProSiebenSat.1 Group and a decisive competitive advantage that strengthens trust in our brands and products. At the same time, data is used to continuously improve products and services and adapt them to the needs of customers and viewers. Our goal is to handle this data with care and protect it from misuse. The focus is on legality, purpose, transparency, security, and data protection rights. Our data protection guidelines define minimum requirements for the handling of personal data. They apply across the Group to all business units and divisions, particularly in companies relevant to the GDPR and specifically in Germany. The guidelines are distributed and communicated as part of the Group-wide Compliance Management System (CMS). In addition, we operate a risk-based data protection management system (DSMS) that is based on the legal requirements of the GDPR. The DSMS covers the development, implementation, execution, monitoring, review, maintenance, and improvement of data protection within the Group. Two central data protection functions with different responsibilities have also been established. The Data Protection & IT Law Team (DP&ITL) and the Data Protection Office (DPO) support the individual business units in implementing the DSMS and ensure that data protection standards comply with legal requirements and are continuously optimized. Data protection awareness within the Group is promoted through, among other things, mandatory data protection e-learning courses, "tone-from-the-top" communication within the CMS, and central assessments to analyze the data protection level of individual companies.
Further information on data protection, information security, media regulation, and youth protection can be found here: