Frequently asked questions

When and where will the next Annual General Meeting take place?

The next Annual General Meeting will be held on November 18, 2020 in a virtual format, starting at 10 CET, without the physical presence of shareholders or their authorized representatives (proxies).

Why has the AGM been postponed?

The postponement of this year’s AGM results from a decision of the Executive Board and the Supervisory Board. The decision has been made in light of the pandemic and enables us to protect the health of our shareholders, employees and service providers.

Does the postponement impact the initial dividend proposal?

With regard to the dividend, the Executive Board and Supervisory Board have decided to reiterate the proposal of EUR 1.67 per share for financial year 2019. However, this is subject to the final decision by the Annual General Meeting.

How can I follow the virtual Annual General Meeting?

The Annual General Meeting will be broadcast live and will be accessible not only to DWS shareholders, but to the general public as a live broadcast via a webcast link that can be found on the AGM website.

Can everyone follow the Annual General Meeting?

Generally, everyone can attend the AGM via the publicly accessible webcast. Shareholders and their authorized representatives have the additional option to attend the AGM and to exercise their voting rights via the Shareholder Portal. This requires a proper registration for the meeting in advance, as a result of which the shareholder receives the access data required to use the shareholder portal.
Please note that in light of the important virtual dialogue with shareholders about DWS, the Chairman of the Supervisory Board and the Chairman of the Management Board will publish their speeches on the AGM Website one week before the AGM takes place.

How and where can shareholders register for the Annual General Meeting?

Shareholders will receive an invitation to the Annual General Meeting, including the link to the shareholder portal via their depositary banks. Shareholders can register for the Annual General Meeting via the response sheet.

When will the Shareholder Portal be available and where can I access it?

The Shareholder Portal will be free for registration on October 28, 2020. The respective online link can be found on our AGM Website.

What does a shareholder do, who has not received an invitation to the Annual General Meeting?

The acquisition of the shares was either after the mailing of our invitation letter or the invitation letter could not be delivered. Please contact your depositary bank for further clarification.

How can I exercise my voting rights?

Voting rights can be exercised in any preferred form of the following:

  • You can take advantage of absentee voting or authorize an employee of DWS Group (company proxy) to cast your votes in accordance with your instructions.

  • Alternatively, you can have your voting rights exercised on your behalf by a representative of your choice, e.g. the intermediary where you hold your securities account or an association of shareholders. They, too, can then make use of absentee voting or the company proxy.

  • Our Shareholder Portal offers a convenient and secure way of exercising your voting rights by absentee voting or by authorizing our company proxies. If you register in time, you can change and cast your final votes even while the Annual General Meeting is still taking place on November 18, 2020, up until after the end of the questions and answers. After a timely registration, the portal can be used to change and finalize your voting behaviour online during the Annual General Meeting on November 18, 2020 until the end of the question answering period.

The voting by electronic absentee vote and the electronic issuing of proxy authorisations and instructions to the company proxies via the shareholder portal require a proper registration for the General Meeting as well as the orderly transmission of proof of share ownership and registration in the Shareholder Portal. You can register in the Shareholder Portal with the login data you receive for this purpose after having duly registered and provided proof of share ownership.

The proof of authorization towards the Company can also be sent electronically to the following e-mail address:

DWS-HV2020@computershare.de

The registration must be received by the company in writing or using electronic communication in German or English language at the latest by November 12, 2020, 0:00am (CET), (i.e. 24:00 hours on November 11, 2020) to the following address:

DWS Group GmbH & Co. KGaA
c/o Deutsche Bank AG
Securities Production
General Meetings
Postfach 20 01 07
60605 Frankfurt am Main
Telefax: +49 69 1201286045
E-Mail: wp.hv@db-is.com

Where can I find the link to the Shareholder Portal?

The link is available on our AGM Website from October 28, 2020.

What is a voting right?

Voting rights are defined as the right associated with the ownership of a share to participate in the voting at the Annual General Meeting concerning the items on the agenda. In general, every shareholder is entitled to exercise the voting right. However, shareholders may authorize third parties to exercise their voting rights, in particular their depositary bank, a shareholders' association or proxies appointed by the company as well as other third parties. According to the articles of association, each share entitles the holder to one vote at the Annual General Meeting.

Are questions answered in advance and will the answers be made available to shareholders?

A preliminary answer to selected questions, for which the answers then no longer have to be read out at the AGM, is possible.
The basis for this is Section 131 (3) no. 7 AktG, according to which questions need not be answered at the AGM if the relevant information is available on the company's website for at least seven days prior to the AGM (as well as during the AGM).

Where do I submit my questions and by when?

Based on § 1(2) No. 3, sentence 2 second half-sentence of the COVID-19 Act, the General Partner decided with approval of the Supervisory Board that shareholders must submit their questions to the company by electronic means at the latest two days before the General Meeting. The General Partner will decide in its own dutiful discretion which questions to answer and how to answer them.

Only shareholders orderly registered for the General Meeting can submit their questions. Questions must be submitted at the latest by Monday, November 15, 12:00pm (CET) at the following e-mail address: investor.relations@dws.com

Please note that questions cannot be submitted after the mentioned period. Questions can only be considered if the question(s) is/are accompanied by the voting card number which is noted on the voting card in the top right-hand corner (the voting card will be sent after orderly registration and proof of share ownership).

Can questions be raised during the virtual Annual General meeting?

Due to the nature of the event, short-term questions cannot be raised during the virtual AGM. Only questions submitted orderly on time can be considered.

Will my name be published?

When answering questions during the Annual General Meeting, the name of the shareholder who submitted the question is only disclosed (to the extent that questions are answered individually) if the shareholder explicitly agreed to such disclosure when submitting the question. The same shall apply to any publication of questions and, where appropriate, answers on the company's website before the Annual General Meeting:
Also in this case the name of the shareholder will only be disclosed if the shareholder has explicitly agreed to the disclosure of his/her name.

Can a shareholder transfer voting rights to a proxy on the day of the Annual General Meeting?

Shareholders can authorize the proxies appointed by the company to exercise these voting rights on their behalf.

Can I submit a counterproposal at the Annual General Meeting?

Due to the concept of the Annual General Meeting as a virtual AGM without the physical presence of shareholders and their representatives, with the exercise of voting rights only by means of absentee voting or by proxy, without electronic participation of shareholders, the right of shareholders to submit motions and proposals during the AGM is legally excluded. Counterproposals and election proposals within the meaning of §§ 126(1), 127 Stock Corporation Act as well as procedural motions may therefore not be submitted in the general meeting.

Shareholders are nevertheless given the opportunity to announce counterproposals and election proposals to the company for publication on the company’s website before the General Meeting in accordance with §§ 126(1), 127 Stock Corporation Act.

Countermotions and election proposals published by the Company in accordance with the following requirements will be considered as submitted at the Annual General Meeting if the shareholder submitting the proposal has duly registered and provided evidence of his shareholding as described in the section "Registration and confirmation of share ownership" in the invitation to the Annual General Meeting.

Shareholders of the Company may send counterproposals to proposals of the General Partner and/or the Supervisory Board regarding certain items on the agenda as well as nominations for the election of Supervisory Board members or auditors prior to the General Meeting. Such proposals (together with their reasons) and election proposals shall be addressed exclusively to:

DWS Group GmbH & Co. KGaA
Investor Relations
Mainzer Landstr. 11–17
60329 Frankfurt am Main
Telefax: +49 69 910-32223
E-Mail: investor.relations@dws.com

How do I object to the decisions of the Annual General Meeting during the virtual Annual General Meeting?

Shareholders who exercise their voting rights by absentee voting (in writing or via electronic communication) or by issuing proxies have the opportunity to object to the decisions of the Annual General Meeting via electronic communication to the notary public appointed to record the Annual General Meeting. Corresponding declarations are to be sent to the notary at the e-mail address

Notar.DWS.HV2020@hoganlovells.com 

and are possible from the opening of the Annual General Meeting until its closure by the Chairman of the Meeting. The declaration must be accompanied by the voting card number which is noted on the voting card sent after proper registration and proof of share ownership.

Where can I view any possible counterproposal?

In accordance with Sections 126 (1), 127 of the German Stock Corporation Act [AktG], the shareholders are entitled to submit for publication on the website a counterproposal to a proposal put forward by the General Partner or the Supervisory Board on a particular item on the agenda. Counterproposals submitted by shareholders will be published on the company’s AGM Website.

Will the Annual General Meeting broadcast be available online after the event?

The two opening speeches by the Chairman of the Supervisory Board and the Chairman of the Executive Board of the General Partner of DWS Group GmbH & Co. KGaA (CEO) will be available on our AGM Website. A replay of the webcast will also be provided, following the AGM. A transcript of the general debate will also be available online.

What is the duration of the Annual General Meeting?

The duration of the Annual General Meeting depends on the number of questions to be answered by the Executive Board of the General Partner and the Supervisory Board by the shareholders and their representatives and can therefore not be determined in advance.

In which language will the Annual General Meeting be held?

The Annual General Meeting will be held in German. However, a transmission with English translation will be available.

How can I request documents for the Annual General Meeting?

Documents for the Annual General Meeting can be requested at the following address:

DWS Group GmbH & Co. KGaA
Investor Relations
Mainzer Landstr. 11–17
60329 Frankfurt am Main
IR-Hotline: +49 69 910-14700
Telefax: +49 69 910-32223
E-Mail: investor.relations@dws.com

Documents and further information on the Annual General Meeting are also available on the Internet at https://group.dws.com/de/ir/hauptversammlung. The documents will also be available at the above Internet address during the Annual General Meeting

Important dates

Please find important dates like the next Annual General Meeting and the publishing dates for the preliminary results and the Annual Report in our financial calendar. more

AGM-Hotline: +49 (0) 69 910 14700  
Monday- Friday: 9:00am - 6:00pm

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