Corporate Governance

With the shift from a functional to a divisional organisation structure, the introduction of a holding organisation with autonomously operating business units and a new segment reporting KBA improved its Group-wide Corporate Governance system further with clear and consistent management responsibility as well as increased transparency. The management of each individual business unit is responsible for achieving defined earnings targets. Permanent losses are not tolerated and cross-subsidies are prevented effectively through the new structure. Capital is deployed systematically according to strategic goals and margins expected.