Investors

 

Declaration of Compliance according to §161 AktG

The Management Board and the Supervisory Board hereby declare that the recommendations for conduct as amended on June 6, 2008, by the "Government Commission of the German Corporate Governance Code" appointed by the German Government have been complied with in fiscal year 2009 and will be complied with in the future. The amendment of the Corporate Governance Code of June 18, 2009, is being implemented and will become established with Basler AG in 2010 within the time frame required by the "Government Commission of the German Corporate Governance Code".

Exceptions are the following recommendations:

Art. 5.3. - Committees within the Supervisory Board

The Supervisory Board of Basler AG is comprised of only three individuals, which makes sense considering the size of the company. This number also ensures that the work can be accomplished efficiently. For this reason, no committees or review boards will be established within the Supervisory Board.

Art. 5.4.7. - Remuneration of the Members of the Supervisory Board

Compensation for members of the Supervisory Board is stipulated in the company bylaws. The amount of compensation takes into consideration the responsibilities inherent in the position of chairman and deputy chairman of the Supervisory Board. In light of the current fixed remuneration levels, no variable compensation component is planned for members of the Supervisory Board.


For the Management Board
Dr. Dietmar Ley (CEO)


For the Supervisory Board
Norbert Basler