Corporate Governance

HOMAG Group AG
Schopfloch

Corporate governance statement in accordance with Article 289a Paragraph 4 of the German Commercial Code for the 2015 financial year

The German law on the equal participation of women and men in leadership positions in the private and public sector of April 24, 2015 requires companies that are listed on the stock exchange or have employee participation in decision-making to set targets for the proportion of women on the executive board, in the two management levels below the executive board and on the supervisory board. According to Article 111 Paragraph 5 of the German Stock Corporation Act (AktG), the supervisory board of the company is required to set targets for the proportion of women on the supervisory board and the executive board, as well as deadlines for achieving these targets. According to Article 76 Paragraph 4 AktG, the executive board must set targets for the proportion of women in the two management levels below the executive board, as well as deadlines for achieving these targets. All deadlines set by the supervisory board and executive board for achieving the targets must be no later than June 30, 2017 (Article 25 Paragraph 1 Clause 2 of the Introductory Act to the German Stock Corporation Act [EGAktG]).

To comply with these legal requirements, the supervisory board and executive board of the HOMAG Group AG have made the following decisions:

1. The supervisory board has set a target of 25% for the proportion of women on the supervisory board. This target must be met no later than June 30, 2017. At the time of setting the target figures, the proportion of women on the supervisory board was 25%.

2. The supervisory board has set a target of 0% for the proportion of women on the executive board and a deadline for achieving this target of June 30, 2017 at the latest. At the time of setting this target, the proportion of women on the executive board was 0%.

3. The executive board has set a target for the proportion of women in the first management level below the executive board of 0% and a deadline for achieving this target of June 30, 2017 at the latest. The first management level below the executive board consists of eight people. At the time of setting this target, the proportion of women in the first management level below the executive board was 0%.

4. The executive board has set a target for the proportion of women in the second management level below the executive board of 0% and a deadline for achieving this target of June 30, 2017 at the latest. The second management level below the executive board consists of six people. At the time of setting this target, the proportion of women in the second management level below the executive board was 0%.

The annual shareholders´ meeting appointed on June 2, 2016, Ernst & Young GmbH, Wirtschaftsprüfungsgesellschaft, Stuttgart, as the independent auditor for fiscal 2016.

The Executive Board and the Supervisory Board issued the declaration of compliance with the recommendations of the Government Commission German Corporate Governance Code, pursuant to Section 161 of the German Stock Corporation Act, and made it permanently accessible to our shareholders on this website. Due to the change of our stock exchange listing to the Entry Standard segment of the Open Market in 2015 we do not disclose any longer the declaration by the management board and supervisory board on the German Corporate Governance Code pursuant to § 161 AktG.

Archive:

• Declaration of Compliance January 2015
• Declaration of Compliance January 2014
• Declaration of Compliance January 2013
• Declaration of Compliance January 2012
• Declaration of Compliance January 2011
• Declaration of Compliance January 2010
• Declaration of Compliance January 2009
• Declaration of Compliance January 2008