Porsche 2009 Annual Report Download - page 51

Capital market
Overall, the mood on the international stock
exchanges improved in the course of the reporting
year. The German stock exchange index Dax, which
stood at just 5,427 points on 3 August 2009 and
therefore on the first trading day in the Porsche fiscal
year 2009/10, exceeded the 6,000 points threshold
for the first time again just before year-end 2009. It
closed at 6,148 points on 30 July 2010, recording
growth of 13 percent compared to the end of the
prior fiscal year. The Composite Dax (C-Dax) remained
stable, recording growth of two percent at the end of
the twelve-month period. Porsche SE’s preference
shares were trading at 46 euro at the beginning of the
fiscal year 2009/10, falling slightly to 39 euro by the
end of the fiscal year.
Annual document pursuant to Sec. 10 WpPG
The annual document containing the disclo-
sures required by Sec. 10 (1) German Securities Pro-
spectus Act (WpPG) can be viewed at www.porsche-
se.com/pho/en/investorrelations.
Implementation of the requirements of the
German Corporate Governance Code
In accordance with the declaration of compli-
ance dated 20 November 2009 Porsche SE complies
with the recommendations of the German Corporate
Governance Code with one exception. The shares in
the company and related financial instruments held by
members of the company’s governing bodies
(Sec. 6.6 of the German Corporate Governance Code)
will still not be published in the future as complete
compliance with statutory publishing requirements
provides the capital markets and Porsche SE’s share-
holders in particular with sufficient information.
The company now discloses the total remu-
neration of each member of the executive board on
an individual basis. Accordingly, the resolutions of
the annual general meeting on exemption from indi-
vidual disclosure of executive board remuneration
dating from 2006 and 2007 were revoked by the an-
nual general meeting of Porsche SE on 29 January
2010 with effect for the future. Furthermore, the su-
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