The German Corporate Governance Code represents essential statutory regulations for the management and supervision of German listed companies. It also contains internationally recognized standards of good and responsible corporate management. The Supervisory Board and Executive Board of FRoSTA AG are committed to a responsible, transparent corporate management and control aimed at increasing value. We understand corporate governance as an ongoing process to improve management and control taking into account new experiences and regulations as well as evolving national and international standards.
Executive Board
Members of FRoSTA AG’s Executive Board are
Felix Ahlers
Chairman
Hinnerk Ehlers
Board Member Marketing and Sales
Maik Busse
Board Member Finance and Controlling, IT, Supply Chain and Operations
Supervisory Board
Volker Kuhn (Chairman)
Businessman, Geneva/Switzerland
Dirk Ahlers (Deputy Chairman)
Businessman, Hamburg
Frank Brede (Employee Representative)
Employee at FRoSTA AG, plant Bremerhaven
Remuneration of Executive and Supervisory Board members
The total remuneration of the Executive Board paid for the financial year 2024 amounted to kEUR 4,362 (2023: kEUR 3,361). Of this the fixed remuneration came to kEUR 987 (2023: kEUR 937) and variable remuneration kEUR 3,375 (2023: kEUR 2,424).
The remuneration of the Supervisory Board amounted to kEUR 204. Of that, kEUR 102 were variable and kEUR 102 fixed payments. The remuneration of the previous year at kEUR 192 comprised variable payments of kEUR 83 and fixed payments of kEUR 109.
Risk policy
FRoSTA AG’s strategy is based on the fundamental considerations of value-based management. For our risk policy, this means that the company is ready to take entrepreneurial risks, provided that the business activities initiated and the resulting additional earnings opportunities result in an increase in the company’s value. Under the risk management system, entrepreneurial risks are to be weighed up by comparing opportunities and threats.
Increasing returns through the introduction of our new product line can be seen as a significant value driver for increasing the company’s value in the next five years.
FRoSTA AG’s risk policy is based on the basic position that the risk coverage potential available to the company – in particular equity – at least corresponds to the existing aggregate risk scope. An external rating of BBB+ is aimed for. The company itself will bear core entrepreneurial risks, in particular the risks from the market (e.g. fluctuations in demand).
The core risks also include risks from the development of new products. All risks not belonging to these core areas of activity of the company, the marginal risks such as currency, liability or property damage risks the company tends to transfer to third parties.