Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 646

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 646
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 has implemented a comprehensive sign-off process involving senior managers and established governance bodies. Initially, Senior Certifying Officers formally signed off on the evaluation results for material topics within their remit. Subsequently, the bank’s Group Sustainability Committee, which serves as the primary governance and decision-making body for sustainability-related matters, approved the final set of material topics. Finally, the results of the double materiality assessment were presented to the Management Board for approval. The results of the double materiality assessment were also presented to the Audit Committee of the Supervisory Board.

| 395 |

| Deutsche Bank      |
| Annual Report 2024 |

Business allocation plan Notwithstanding the principle of collective responsibility, the Management Board’s Business Allocation Plan has allocated individual members responsibility for specific functional area(s) and thus ensures a segregation of duties within the whole organization up to the Management Board. Management Board members are responsible for delegating their duties to subordinate levels of hierarchy and for clearly assigning responsibilities within their own area(a) of functional responsibility. Such delegation is necessary for the proper functioning of the business organization and does not impact the responsibility of Management Board members to adequately oversee delegated duties and tasks. Each individual with delegated responsibilities is responsible for providing adequate information up to the Management Board to enable it to execute its collective responsibilities. Training of the Management Board In order to fulfil the requirements for professional suitability, an ongoing system of Management Board training takes place regularly throughout the year. This also covers Environmental, Social and Governance issues, along with numerous topic areas in connection with law, compliance, anti-financial crime, data management, risk management and human resources. Management Board committees The Management Board prefers to rely on individually accountable senior managers rather than committees where possible and therefore it generally only establishes committees for issues that require joint decision-making. For certain overarching topics the Management Board has established the following committees and has delegated certain decision-making authority to them for each of the following topics:

| 396 |

| Deutsche Bank      |
| Annual Report 2024 |

Personnel changes to the Management Board and the current members of the Management Board The Management Board of Deutsche Bank AG is made up of ten ‘Executives’. All Management Board members have a contract of service (Dienstvertrag) with Deutsche Bank AG. The following members of the Management Board were appointed for a three-year period: – Laura Padovani with effect from July 1, 2024. – Marcus Chromik with effect from May 1, 2025. The following information is provided on the current members of the Management Board on