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Corporate Governance Report

Corporate governance principles

The Schaeffler Group’s manner of conducting business is based on integrity, fairness, and mutual respect. Transparency, trust, and teamwork are the three key success factors for achieving this. Transparency generates trust, and trust is the foundation of good teamwork. The Schaeffler Group Code of Conduct provides guidance in this area. The principles set out in the Schaeffler Group Code of Conduct apply equally to everyone – the Board of Managing Directors, management, and all employees.

Compliance is part of the company’s culture. It is centered around customer relationships and acting with integrity.

Similarly, thinking long-term and acting responsibly have always characterized the Schaeffler Group’s corporate culture as a listed family business. It is very important to the Schaeffler Group to combine economic success with acting responsibly toward the environment, people, and society. The corporate values, “Sustainable”, “Innovative”, “Excellent”, and “Passionate”, form the basis for sustainable profitable growth for the benefit and in the interest of the group’s customers and business partners, employees and managers, as well as its shareholders and family shareholders. Based on this, the Board of Managing Directors has issued and published a sustainability strategy covering the following fields of action: (1) Sustainable management, (2) Customers and products, (3) Environment and energy, (4) Employees and society.

More on the company’s corporate governance principles at:
www.schaeffler.com/sustainability

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