50. German Corporate Governance Code
HHLA has based its corporate governance on the recommendations and suggestions of the German Corporate Governance Code (the Code) as published on 5 May 2015. Information on corporate governance at HHLA and a detailed report on the amount and structure of the remuneration paid to the Supervisory Board and Executive Board can be found in the Group Management Report and Note 48 of this report. The Executive Board and Supervisory Board discussed matters of corporate governance in 2016 and on 9 December 2016 issued the declaration of compliance 2016 in accordance with Section 161 of the German Stock Corporation Act (AktG), which is permanently available to shareholders on the company’s website under www.hhla.de.