DHL 2004 Annual Report Download - page 17

Corporate Governance
Remuneration of the Board of Management and the Supervisory Board
In accordance with the recommendations of the German Corporate Governance Code, the remuneration system
for the Board of Management is explained in item 49 in the “Notes” section of the Annual Report. We report the
individual amount of compensation of the members of the Supervisory Board and the Board of Management,
divided into its components. The structure of the stock option plan in which the members of the Board of
Management participate is explained in item 33 in the “Notes” section of the Annual Report.
Transparency
Deutsche Post AG has published a financial calendar on its website, in which all of the scheduled dates of recurring
publications are listed (e.g. the submission of the Annual Report and interim reports). We also immediately
publish insider information that relates directly to Deutsche Post AG in the form of an ad hoc disclosure, unless a
delay is required due to special company interests. In such cases, the disclosure is published immediately after the
delay has passed. In addition, Deutsche Post AG immediately publishes all reports on the purchase or sale of shares
of Deutsche Post AG or related financial instruments by executives of the company or their related parties as soon
as we receive them. As of December 31, 2004, there were no securities holdings that are required to 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 at an early stage. The system is explained in the Group Management Report on
page 67 et seq.
Group accounting uses IFRS (International Financial Reporting Standards) and is the responsibility of the
Board of Management. The Supervisory Board engaged PwC Deutsche Revision as the auditors for fiscal year
2004, after it had assured itself that the existing relationships between the auditors and Deutsche Post and its
executive bodies give no cause to call the auditors’ independence into question.
Declaration of Conformity under section 161 of the
Aktiengesetz (German Stock Corporation Act)
Deutsche Post AG issued its third Declaration of Conformity based on the German Corporate Governance Code
on December 9, 2004.
“In fiscal year 2004, the Board of Management and the Supervisory Board of Deutsche Post AG complied
with all recommendations of the German Corporate Governance Code and intend to do so up to the end of the
current fiscal year, as well as in fiscal year 2005.”
The Board of Management and the Supervisory Board also comply with the suggestions of the Code. The
introduction of differing periods of office for shareholders’ representatives on the Supervisory Board is not
currently planned, nor is the Internet broadcast of the entire Annual General Meeting.
Deutsche Post’s listed subsidiary, Deutsche Postbank AG, also announced during its IPO in the first half of
2004 that its Management Board and Supervisory Board will comply in full with the recommendations of the
German Corporate Governance Code. The company’s Declaration of Conformity dated May 27, 2004, can be
accessed on its website. Postbank will submit a Declaration of Conformity for fiscal year 2005 in the first quarter,
and intends to comply in full with the Code’s recommendations, and as far as possible with its suggestions.
A variety of information about Deutsche Post is also published on its website. The Declaration of Confor-
mity under section 161 of the Aktiengesetz is permanently available on the website, as is a reference to the wording
of the German Corporate Governance Code.
To our Shareholders
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