COMMERZBANK AKTIENGESELLSCHAFT

up to five years effective from the start of their activities for the Bank in the event that they
leave the Bank in connection with a change of control at Commerzbank.
Equity holdings that exceed 10% of the voting rights
The Financial Market Stabilisation Fund holds a stake of 25% plus one share in the voting
capital of Commerzbank Aktiengesellschaft.
There are no further facts that need to be declared under Art. 289 (4) of the German
Commercial Code.
Information pursuant to Art. 289 (5) of the German Commercial Code
The aim of the internal control and risk management system in respect of financial reporting
is to ensure that the annual and consolidated financial statements provide a true and fair view
of the net assets, financial position and results of operations in accordance with the applicable
accounting standards under the German Commercial Code and IFRS. The internal control
system and the risk management system at Commerzbank are integrated as regards their
methodology and implementation, both with a view to financial reporting. In the following, we
shall therefore use the term ICS (internal control system). Details of the risk management system
can be found in the risk report on pages 47 to 78.
The objective of proper financial reporting is endangered by the risks to which it is exposed.
Risks are deemed to be the possibility that the objective stated above might not be attained
and material information in the financial reporting might be inaccurate. The Bank regards
information as material when its absence or misstatement could influence economic
decisions taken by those to whom it is addressed, regardless of whether this arises from a
single matter or a combination of several.
Risks to financial reporting may arise from errors in business processes. Fraudulent behaviour
can also result in the inaccurate reporting of information. The Bank therefore has to
ensure it minimises the risks of incorrect statement, measurement or presentation of financial
reporting information.
The Commerzbank ICS seeks to provide sufficient certainty that it complies with the relevant
legal requirements, that business is conducted in a proper and cost-effective manner
and that financial reporting is complete and accurate. It is important to note that despite all
measures the Bank may take, the ICS methods and procedures used may offer sufficient certainty
but never absolute certainty.
No material changes have been made to the financial reporting ICS since the balance
sheet date.
Legal basis and guidelines
Art. 289 (5) of the German Commercial Code requires companies to describe the material
features of their ICS in the management report. Commerzbank follows the principles for
bank-specific organisation of the internal control system set out in the Minimum Requirements
for Risk Management (MaRisk).
Financial Statements and Management Report 2011 25