Governance Management System

A governance management system makes it possible to manage and control companies effectively - and thus bring corporate governance to life.

What's it all about?

  • Good corporate governance can be realised with the help of a governance management system
  • METRO is guided by the proven standards of the German Corporate Governance Code (GCGC)

A governance management system controls all the processes required to manage and monitor a company. For example, it regulates the decision-making processes at the highest level, defines responsibilities and establishes control mechanisms. The aim of a governance management system is to ensure the effective governance of a company in practice.

From risk management to compliance

The governance management system of METRO comprises several subsystems: the risk management system, the internal control system, the compliance management system and the internal audit system. METRO is thus guided by the recommendations of the German Corporate Governance Code (GCGC).

Each of the subsystems of the governance management system generally fulfils specific tasks:

  • The risk management system identifies, evaluates and manages business risks.
  • The internal control system monitors financial and operational processes, such as accounting and purchasing.
  • The Compliance management system ensures that legal requirements, standards and guidelines are adhered to.
  • The internal audit system reviews business processes and identifies opportunities for improvement.

METRO also understands the combination of these subsystems as Governance, Risk and Compliance System (GRC).

METRO's sCore strategy sets out the company's goals until 2030, and the successes are also reflected in the figures for financial year 2022/23.