Annual Report 2013

Management of the Group.

Finance strategy for 2013 consistently implemented Group-wide value management

We continue to be committed to the concept of value-oriented corporate governance. In order to govern our Group successfully and sustainably, we must bear in mind the expectations of all four stakeholder groups at all times.

  • 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 to develop products, innovations, and services for the customer.