Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 644

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 644
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2024 leavers) 4 Senior Management is defined as Deutsche Bank AG MB-1 positions; incumbents of MB-2 positions in IB and CB reporting to Head of CB and Co-Heads of IB; further individuals with significant business responsibilities; MB members of institutions required to identify MRTs at a solo institutional level and respective MB-1 positions with managerial responsibility 5 Variable Pay includes Deutsche Bank´s Year-end performance-based VC for 2024, other VC and severance payments; it also includes fringe benefits awarded to Management Board Members of Deutsche Bank AG which are to be classified as variable remuneration, and considers the newly introduced LTI Plan for Management Board members of Deutsche Bank AG set up for the performance period 2024-2026, which during the “transition phase” is shown with the target amount; the table does not include new hire replacement awards for lost entitlements from previous employers (buyouts)

| 390 |

| Deutsche Bank      |
| Annual Report 2024 |

4-Corporate Governance Statement according to Sections 289f and 315d of the German Commercial Code

| 392 | Compliance with German Corporate Governance Code |
| 395 | Management Board                                 |
| 401 | Supervisory Board                                |
| 418 | Related Party Transactions                       |
| 420 | Principal accountant fees and services           |

| 391 |

| Deutsche Bank      |
| Annual Report 2024 |

Compliance with German Corporate Governance Code [Page intentionally left blank for SEC filing purposes]

| 392 |

| Deutsche Bank      |
| Annual Report 2024 |

[Page intentionally left blank for SEC filing purposes]

| 393 |

| Deutsche Bank      |
| Annual Report 2024 |

All information presented in this Corporate Governance Statement according to Sections 289f and 315d of the German Commercial Code is as of February 7, 2025.

| 394 |

| Deutsche Bank      |
| Annual Report 2024 |

Management Board Procedures of the Management Board Pursuant to its legal form as a German stock corporation, Management Board, Supervisory Board and Shareholders’ Meeting are the corporate bodies of Deutsche Bank Aktiengesellschaft. Information on the composition of the Supervisory Board is provided in the section “Objectives for the composition of the Supervisory Board, Profile of Requirements, diversity concept and status of implementation”. The Shareholders’ Meeting elects the shareholder representatives on the Supervisory Board. The Supervisory Board appoints the members of the Management Board and supervises the management