HUGO BOSS AG, Metzingen, Securities ID A1PHFF, International Securities ID DE000A1PHFF7
The Managing Board and Supervisory Board of HUGO BOSS AG herewith declare pursuant to section 161 para. 1 sentence 1 AktG (German Stock Corporation Act) that since the Compliance Declaration of December 2023, the recommendations of the Government Commission “German Corporate Governance Code” in the version of April 28, 2022 – published in the Federal Gazette on June 27, 2022 – ("GCGC 2022") have been and will be complied with except for:
- Deviating from the recommendation in G.11 sentence 2 GCGC 2022, employment contracts with the members of the Managing Board in part did not provide for the possibility to withhold or reclaim variable compensation in justified cases. Following a contract update with effect from 1 April 2024, all employment contracts with the members of the Managing Board now provide for the possibility to withhold or reclaim variable compensation as required by G.11 sentence 2 DCKG 2022. The recommendation of the DCKG 2022 has therefore been and will be complied with from that point on.
Metzingen, December 2024