The Code compiles the main statutory regulations for the management and supervision of German listed companies. Furthermore, it takes into account internationally and nationally recognized behavioral standards in the form of recommendations ("shall") and provides the companies with suggestions ("should/can") for sound and responsible corporate management and supervision.

The Governmental Commission "German Corporate Governance Code" is in charge of the initial compilation and the continuing revolution of the German Corporate Governance Code. In September 2001, the German Federal Minister of Justice established this governmental commission which published the initial version of the German Corporate Governance Code in February 2002. Thenceforward, the Commission has to review the Code for possible adjustments at least once a year, considering legislative and practical developments concerning corporate governance.

Allianz SE intensively supports the function of the Code Commission. As a tool of market self-regulation the Commission is of particular importance for strengthening the attractiveness of Germany as a financial center. Through the commission membership of Paul Achleitner, member of the Management Board of Allianz SE, Allianz contributes to this process of promoting corporate governance culture.