Austria
At the time of the merger TUI AG had announced it would comply with the UK Corporate Governance Code (the UK Code) to the extent practicable. In many respects, the requirements of the German Code and the UK Code are similar. However, there are certain aspects which are not compatible (in some cases due to the different legal regimes for German and UK companies). Therefore some deviations from best practice in the UK have been necessary.
Due to the delisting from the London Stock Exchange on 24 June 2024, TUI AG is no longer formally bound by the requirements of the UK Corporate Governance Code. However, this does not affect the high corporate governance standards we have set ourselves.
