Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 142

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 142
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 In particular, the Management Board may not delegate the determination of the bank’s business and risk strategies, and the coordinating or controlling responsibilities. The Management Board is required to ensure that shareholders are treated on an equal basis and receive equal information. The Management Board is also responsible for ensuring proper business organization, which includes appropriate and effective risk management as well as compliance with legal requirements and internal guidelines, and for taking the necessary measures to ensure that adequate internal guidelines are developed and implemented. Other selected responsibilities of the Management Board in accordance with the Terms of Reference for the Management Board and/or German law are: – Appointing key personnel at the level directly below the Management Board, in particular, appointing the Global Key Function Holders employed by the bank – Making decisions regarding significant credit exposures or other risks which have not been delegated to individual risk management units – Acquisition and disposal of equity investments, including capital measures in all cases in which (i) the law or the Articles of Association require approval by the Supervisory Board, or (ii) the equivalent of € 100 million is exceeded – Acquisition and disposal of real estate – directly or by separate legal entities, in all cases in which: (i) the law or the Articles of Association require approval by the Supervisory Board, or (ii) the real estate’s equivalent exceeds € 100 million – Individual vendor or intra Group-outsourcings (or material changes to those outsourcings) in all cases in which the equivalent of € 100 million is exceeded on an annual basis or include the delegation of core organizational duties of the Management Board – Calling shareholders’ meetings – Filing petitions to set aside shareholders’ resolutions – Preparing and executing shareholders’ resolutions and – Reporting to the Supervisory Board For additional information on Deutsche Bank’s Management Board, including the names of and biographical information for the current members, see “Corporate Governance Statement: Management Board: Composition of the Management Board” in the Annual Report 2024. The Terms of Reference of the Management Board are published on the bank’s website www.db.com/ir/en/documents.htm.

| 82 |

| Deutsche Bank                   |
| Annual Report 2024 on Form 20-F |

Board practices of the Management Board The Terms of Reference for the Management Board are in accordance with the Supervisory Board resolution of January 31, 2024. These Terms of Reference provide that the members of the Management Board have the collective responsibility for managing Deutsche Bank. Notwithstanding this principle, the allocation of functional responsibilities to the individual members of the Management Board