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DLH_Balance_2016_ENG - Corporate governance and compliance

The German Stock Corporation Act (AktG) and the German Corporate Governance Code are key elements in this context. The Company’s declaration of compliance with the German Corporate Governance Code was updated in December 2015 and is published on the Internet at: relations Lufthansa Group Compliance Program Compliance describes all measures that ensure the lawful conduct of companies, their executive bodies and employees with regard to adhering to legislation. The Lufthansa Group Compliance Program, established in 2004, aims at helping its employees adhere to current legal norms and keeping them from breaking the law. As an aviation company with global activi- ties, the Lufthansa Group advocates fair competition, integrity and responsible action. The Lufthansa Group compliance program currently comprises the modules Competition, Integrity, Capital Market and Embargo Compliance. The Group Compliance Of ce, which was set up on October 1, 2007 within the cen- tral legal department, is responsible for the implementation, development and commu- nication of the Lufthansa Compliance Pro- gram. It is supported in this task by a net- work of Compliance Managers at the various Group companies. Furthermore, the Group Compliance Of ce advises Lufthansa Group employees world- wide on how to handle issues related to integrity, competition, embargo and capital market compliance. The basis for such consultations are the Company’s internal Compliance Guidelines. These regulations give employees a binding framework for action to ensure standardized and law- Corporate governance and compliance Corporate Governance at the Lufthansa Group is expressed as responsible corporate management and control which targets sustainable value creation. It is in accordance with the highest international standards and of central importance – for the Company’s transparency vis- -vis its shareholders and for continuously increasing trust in its management. Competition Capital MarketIntegrity Embargo Program consisting of four modules The Lufthansa Group Compliance Program Sustainability Report Balance // Issue 2016 // Lufthansa Group // 25

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