Management Report


Corporate Governance
Corporate Governance Statement

The German Commercial Code, section 289a, requires listed stock-corporations to publish a corporate governance statement either as part of their management report or on their website. The Executive Board filed SAP’s corporate governance statement on February 22, 2012, and published it on the SAP website at

For more information about the corporate governance of SAP, see the section titled Corporate Governance Report. 

Changes in Management

In July 2011, the Supervisory Board accepted the resignation of Angelika Dammann, chief human relations officer and labor relations director. Following Angelika’s resignation, Werner Brandt, CFO of SAP, assumed the role of interim head of Global HR and interim labor relations director.