DHL 2006 Annual Report Download - page 99

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representatives are elected until the end of the  AGM. e fact that the majority of
Supervisory Board members are independent means that Deutsche Post AG complies
with the recommendation to this eect in the German Corporate Governance Code,
which is itself based on a recommendation of the European Commission.
Efficient committee work
In addition to the Mediation Committee required by the German Co-determination
Act, the Supervisory Board has formed three further committees: the Executive
Committee, the Finance and Audit Committee and the Personnel Committee. We
report on the composition of the committees on page . e Supervisory Board
provides information on page  about its work in the year under review.
Transparent communication
We communicate openly and transparently with our shareholders. All dates that
might be of interest are displayed on our website, including the dates on which the
Annual Report and interim reports are published. Other information available relates
to our stock, to the share price and to the purchase or sale of the company’s shares or
related nancial instruments pursuant to Section a of the Wertpapierhandelsgesetz
(German Securities Trading Act).
Members of the Board of Management and Supervisory Board disclose any possible
conicts of interest to the Supervisory Board without delay. Outside activities
pursued by members of the Board of Management are subject to the approval of the
Supervisory Board.
Risk management, accounting and auditing
e opportunity and risk management system put in place by the company ensures
that risks can be identied at an early stage. It is constantly being rened and adapted
to changing circumstances. More details on this subject can be found in the risk
report beginning on page .
e Group accounts are prepared in accordance with International Financial
Reporting Standards (IFRSs). PricewaterhouseCoopers Aktiengesellscha Wirt-
schasprüfungsgesellscha (PwC), Düsseldorf, was appointed by the AGM in 
as the auditor of the annual nancial statements and in this capacity audited the
 annual and consolidated nancial statements. Before engaging the auditors,
the Supervisory Board took steps to ensure that the existing relationships between
the auditors and the company or its executive and controlling bodies did not call
into question the auditors’ independence.
Code of Conduct
On the basis of our corporate values, we have developed a Code of Conduct that was
launched in the summer of  as a binding document for all employees. Embodying
existing compliance regulations, it reects our obligation to act with integrity and
responsibility and in accordance with ethical standards and applicable laws. In the
future, it will serve as the basis for all Group-wide guidelines and regulations. More
details can be found in the chapters Employees and Sustainability.
http://investors.dpwn.com
Pages 62 and 63
95
Deutsche Post World Net Annual Report 2006
Corporate Governance
95
Corporate Governance Report