Corporate governance

Corporate governance rules serve to improve transparency and openness, consideration for shareholders� interests and close and efficient cooperation between the Management Board and the Supervisory Board, with the aim of increasing the company�s value in the long term. Corporate governance rules are a permanent component of the corporate culture of Fielmann Aktiengesellschaft and are followed without exception. Therefore, we welcome the recommendations and suggestions of the German Corporate Governance Code presented by the Government Commission and last updated in June 2008.