Corporate Governance - Archive
 
You will find the archive of declaration of compliance.
 
Declaration of Compliance (2007)
The Board of Management and the Supervisory Board declare that the recommended practices of the Code Commission appointed by the Federal German Government as laid down in the version dated 14.June 2007 have been complied with in the 2007 financial year and will be complied with in the future with the exception of the following recommendations:

Point 3.8 (D&O insurance for Board of Management and Supervisory Board - no excess)
Point 4.2.3 (Cap on stock options - not envisaged under the current options scheme)
Point 5.3.3 (Nominations Committee of Supervisory Board – not formed so far)
Point 5.4.7 (Reporting of remuneration paid to members of the Supervisory Board, but anonymously)

Sassenberg, 18. September 2007


Declaration of Compliance (2006)
The Board of Management and the Supervisory Board declare that the recommended practices of the Code Commission appointed by the Federal German Government as laid down in the version dated Juni 2006 have been complied with in the 2006 financial year and will be complied with in the future

with the exception of the following recommendations:
Point 3.8 (D&O insurance for Board of Management and Supervisory Board - no excess)
Point 4.2.3 (Cap on stock options - not envisaged under the current options scheme)
Point 5.4.6 (Reporting of remuneration paid to members of the Supervisory Board, but anonymously)

Sassenberg, September 2006

Declaration of Compliance (2005)
The Board of Management and the Supervisory Board declare that the recommended practices of the Code Commission appointed by the Federal German Government as laid down in the version dated Juni 2005 have been complied with in the 2005 financial year and will be complied with in the future

with the exception of the following recommendations:
Point 3.8 (D&O insurance for Board of Management and Supervisory Board - no excess)
Point 4.2.3 (Cap on stock options - not envisaged under the current options scheme)
Point 4.2.4 (Reporting of breakdown of the remuneration paid to members of the Board of Management, but not for each individual)
Point 5.4.6 (Reporting of remuneration paid to members of the Supervisory Board, but anonymously)

Sassenberg, September 2005

Declaration of Compliance (2004)
The Board of Management and the Supervisory Board declare that the recommended practices of the Code Commission appointed by the Federal German Government as laid down in the version dated May 2003 have been complied with in the 2004 financial year and will be complied with in the future

with the exception of the following recommendations:
Point 3.8 (D&O insurance for Board of Management and Supervisory Board - no excess)
Point 4.2.3 (Cap on stock options - not envisaged under the current options scheme)
Point 4.2.4 (Reporting of breakdown of the remuneration paid to members of the Board of Management, but not for each individual)
Point 5.4.5 (Reporting of remuneration paid to members of the Supervisory Board, but anonymously)

Sassenberg, September 2004



Declaration of Compliance (2003)
"The Board of Management and the Supervisory Board declare that the recommended practices of the Code Commission appointed by the Federal German Government as laid down in the version dated May 2003 have been complied with in the 2003 financial year and, insofar as this was not the case (3.10 * Corporate governance report in the Annual Report, in particular explanation of departures from the requirements; 4.2.3 Announcement of the basic principles of the remuneration system for the Board of Management on the Internet and explanation in the Annual Report, as well as notification of the Shareholders' Meeting of the basic principles and changes; 7.1.4 Declaration of the shareholders' equity in investments), - these will be complied with in the future

with the exception of the following recommendations:
Point 3.8 (D&O insurance for Board of Management and Supervisory Board - no excess)
Point 4.2.3 (Cap on stock options - not envisaged under the current options scheme)
Point 4.2.4 (Reporting of breakdown of the remuneration paid to members of the Board of Management, but not for each individual)
Point 5.4.5 (Reporting of remuneration paid to members of the Supervisory Board, but anonymously)

Sassenberg, in December 2003



Declaration of Compliance (2002)
"The Management Board and Supervisory Board declare that the February 2002 version of the Recommendations on Conduct, as introduced by the Code Commission of the Federal Government, has been and will be complied with except for figure 3.8.
(D&O Insurance for Management and Supervisory Board Members:- no deductible is agreed)."