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Deutsche Bank Governance and operations Non-Financial Report 2022 Corporate governance Deutsche Bank follows the recommendations of the German Corporate Governance Code which includes specific references to ESG topics. The Deutsche Bank Supervisory Board has established the following nine committees consisting of subsets of its members and each with distinct tasks, as set forth in an abridged form below. The detailed responsibilities are set out in the terms of reference of the respective committees with the exception of the Mediation Committee which is an ad hoc committee. The task to specifically advise and monitor the Management Board with regard to ESG issues, the definition of ESG strategies and their implementation has been moved from the former Integrity Committee (now Regulatory Oversight Committee) to the bank’s Strategy and Sustainability Committee. The Nomination Committee supports the Supervisory Board in identifying suitable candidates to fill positions on the Management Board, drawing up an objective to promote the representation of the underrepresented gender on the Supervisory Board and a strategy for achieving this. More information about Supervisory Board committees can be found in the bank’s Corporate Governance Statement 2022. The Management Board is responsible for managing Deutsche Bank AG in accordance with the law, the Company’s Articles of Association, and its terms of reference. It seeks to create sustainable value in the Company’s interests while taking into consideration the interests of shareholders, employees, and other stakeholders. More specifically, the Management Board’s main responsibilities include establishing a proper and effective business organization, designing Deutsche Bank Group’s corporate strategy, and maintaining adequate risk governance (which includes appropriate and effective risk management), and complying with legal requirements and company policies. Management Board members are collectively responsible for managing Deutsche Bank AG. There may not be any reporting lines between them. Notwithstanding the principle of collective responsibility, the Management Board’s business allocation plan has allocated individual members responsibility for specific functional area(s) and thus ensures segregation of duties within the whole organization up to the Management Board. Management Board members are responsible for delegating their duties to subordinate levels of hierarchy and for clearly assigning responsibilities within the functional area(s) for which they are responsible. Such delegation is necessary for the proper functioning of the business organization and does not except Management Board members from adequately overseeing delegated duties and tasks. The business allocation plan has allocated responsibility for Sustainability to the Chief Executive Officer. The Management Board has delegated it to the Chief Sustainability Officer, who is responsible for implementing the sustainability strategy of Deutsche Bank which is described in more detail in the chapter Sustainability strategy and implementation. The Management Board prefers to rely on individually accountable senior managers rather than committees. It generally only establishes committees for issues that require collective decision-making. For certain overarching topics the Management Board has established the following committees and has delegated certain decision-making authority to them for each of the following issues: 72

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