German Panel on Corporate Governance's
"Corporate Governance Rules for German Quoted Companies"
Revised Rules released July 2000


The German Panel on Corporate Governance:

"The purpose of corporate governance is to achieve a responsible, value-oriented management and control of companies. Corporate governance rules promote and reinforce the confidence of current and future shareholders, lenders, employees, business partners and the general public in national and international markets. The supervisory board, management board and executive staff of the company identify themselves with these rules and are contractually bound by them. They are part of the general obligation to observe other interests related to the corporate activity."
 

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