Management of the Group We are committed to the concept of value-oriented corporate governance. We want to strike a balance between the contrasting expectations of our stakeholders so that sufficient funding is available for an attractive dividend, debt repayment, responsible staff restructuring, and new investment for a positive customer experience. Shareholders expect an appropriate, reliable return on their capital employed. Providers of debt capital expect an appropriate return and that Deutsche Telekom is able to repay its debts. Employees expect jobs that are secure, prospects for the future, and that any necessary staff restructuring will be done in a responsible manner. “Entrepreneurs within the enterprise” expect sufficient investment funding to be able to shape Deutsche Telekom’s future business and develop products, innovations, and services for the customer. Society expects us to do everything within our power to protect the environment, encourage a fair and democratic co-existence, and shape the digital transformation in a responsible manner. SDG 17
