DHL 2003 Annual Report Download - page 19
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Corporate Governance
required by law for the Annual General Meeting including the Annual Report, the
essentials of the compensation system for the Board of Management, as well as the
arrangement of the stock option plans with disclosure of the value of the stock
options.
Deutsche Post AG publishes all reports required under the Wertpapierhandels-
gesetz (German Securities Trading Act) regarding the acquisition and disposal of
shares in the Company by members of the Board of Management and the Supervisory
Board on its website immediately after they are received. As of December 31, 2003,
there were no securities holdings that must be reported in accordance with section
6.6 of the German Corporate Governance Code.
Risk management, accounting, auditing
Deutsche Post AG has institutionalized an opportunities and risk management system
enabling it to recognize significant opportunities and risks early on. It is continuously
refined and adjusted to meet changed framework conditions. A detailed presentation
may be found in the Group Management Report on page 82.
Accounting for the Group takes place in accordance with the IFRS (International
Financial Reporting Standards) under the responsibility of the Board of Management.
The Supervisory Board commissioned PwC Deutsche Revision to audit the annual
financial statements for fiscal year 2003, after it had assured itself that the existing rela-
tionships between the auditor and Deutsche Post and its executive bodies give no
cause to call the auditor’s independence into question. It was agreed with the auditor
that any grounds for disqualification or lack of impartiality that arise during the
audit will be removed and/or reported without delay.
Declaration of Conformity under section 161 of the Aktiengesetz
(German Stock Corporation Act)
On December 19, 2003, Deutsche Post AG issued its second Declaration of Conformity
based on the German Corporate Governance Code. It states:
“After the resolution by the Annual General Meeting on June 5, 2003 on the
modification of the compensation of the Supervisory Board established the necessary
preconditions, the Board of Management and the Supervisory Board of Deutsche
Post AG complied in full in fiscal year 2003 with the recommendations of the German
Corporate Governance Code in the versions dated February 26, 2002/November 7,
2002, respectively, and will continue to do so up to the end of the fiscal year.
Starting on January 1, 2004, the Board of Management and the Supervisory
Board of Deutsche Post AG will comply with all recommendations of the German
Corporate Governance Code in the version dated May 21, 2003.”
All public information about Deutsche Post is also published on its website.
The Declaration of Conformity under section 161 of the Aktiengesetz is continually
available on the website, as is a reference to the wording of the German Corporate
Governance Code.
http://investorrelations.dpwn.com
http://investorrelations.dpwn.com
To our Shareholders