Investor Relations

The German Corporate Governance Code (Deutscher Corporate Governance Kodex ) defines essential statutory regulations for the management and supervision of German listed companies and contains, in the form of recommendations and suggestions, internationally and nationally acknowledged standards for good and responsible corporate governance.

Through the Declaration of Conformity pursuant to § 161 Aktiengesetz (Stock Corporation Act), the Code has a legal basis. Accordingly, the recommendations and suggestions are not mandatory. However, deviations from the recommendations – not the suggestions – must be explained and disclosed with the annual declaration of conformity (Comply or Explain). The recommendations and suggestions of the code become valid with the publication in the official section of the Federal Gazette. Besides giving recommendations and suggestions that reflect the best practice of corporate governance, the Code aims at enhancing the German corporate governance system’s transparency and comprehensibility. This shall strengthen the confidence of international and national investors, clients, employees and the general public in the management, on the one hand, and improve the supervision of German listed companies on the other hand. A responsible and best practice based corporate governance is of great importance to Northern Bitcoin AG. The management and the supervisory boards are currently examining the issuance of such a declaration of conformity.