DWS Annual General Meeting – Overview of Voting Results

The shareholders of DWS Group GmbH & Co. KGaA voted as follows on the fundamental items on the agenda of this year's Annual General Meeting:

Resolution on the appropriation of distributable profit for the 2024 fiscal year (item 2)

The distributable profit in the fiscal year 2024 totaled approximately EUR 942.9 million. The Annual General Meeting has voted, as proposed by the General Partner and the Supervisory Board, that EUR 440 million of the distributable profit will be used for the payment of a dividend. This corresponds to EUR 2.20 per share. The remaining sum of approximately EUR 502.9 million will be carried forward. The resolution was passed with a majority of 99.99%.

Discharge (items 3 and 4)

The General Partner and the members of the Supervisory Board were discharged with a majority of 95.12% and 95.12%, respectively.

Election of the statutory auditor, group auditor and auditor for the sustainability reporting (item 5)

As proposed by the Supervisory Board, the Annual General Meeting has appointed KPMG with a majority of 99.75% and 99.87%, respectively, as the auditor of the annual financial statements and the consolidated financial statements and as the auditor for the purpose of confirming the sustainability reporting for the fiscal year 2025.

Compensation report (item 6)

The Annual General Meeting has approved the compensation report for fiscal year 2024 with a majority of 98.08%.

Election to the Supervisory Board (item 7)

The Annual General Meeting has, as proposed by the Supervisory Board, elected Tomohiro Yao as a shareholder representative to the Supervisory Board of DWS until the end of the General Meeting that resolves on the ratification of the acts of management for fiscal year 2026. The resolution was passed with a majority of 97.26%.  

Compensation system for the Managing Directors of the General Partner (item 8)

As proposed by the Supervisory Board, the compensation system for the Managing Directors of the General Partner was approved with a majority of 97.87%.

Amendment of the Articles of Association to further facilitate virtual General Meetings (item 11)

As proposed by the General Partner and the Supervisory Board, the amendment of the Articles of Association was resolved with a majority of 99.15%. With this, the General Partner is authorized, with the consent of the Supervisory Board, to provide that the shareholders' meeting shall be held without the shareholders or their representatives being physically present at the place of the shareholders’ meeting (Virtual General Meeting). The authorization shall apply to the holding of Virtual General Meetings in a period of two years after registration of this provision of the Articles of Association with the company’s commercial register.

Subject to the existence of special circumstances that do not allow a physical meeting to be held without restrictions (such as in the event of a new pandemic), the ordinary General Meeting in 2026 is already planned to take place in the physical format. In addition, the General Partner has the firm intention to hold the General Meeting in the physical format at regular intervals, which should not exceed four years.

The precise voting results on the individual items on the agenda will be available shortly at https://group.dws.com/ir/annual-general-meeting/.