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 and – subsequent to its taking effect – the version dated 7 February 2017. 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 2017 and on 18 December 2017 issued the declaration of compliance 2017 in accordance with Section 161 of the German Stock Corporation Act (AktG), which is permanently available to shareholders on the company’s website www.hhla.de.