• Declaration of Compliance
• Shareholders and AGM
• Cooperation between the Boards
• Transparency
• Conflicts of Interest
• Financial Statement and Annual Audit
• Articles of Association
• Annual Document

Accounting practice

The principal sources of information for shareholders and third parties are in the company’s consolidated financial statements as well as, during the financial year, the quarterly and half-yearly reports. Contrary to the recommendations of the Code, due to the extensive consolidation work involved, Francotyp-Postalia’s consolidated financial statements are drawn up within four months of the end of the financial year. Likewise, and again due to thelarge amount of consolidation work involved, the quarterly and half-yearly reports are published at the latest within two months of the end of the reporting period, in compliance with the Stock Exchange Rules (Börsenordnung) and the Transparency Guidelines Implementation Act (Transparenzrichtlinien-Umsetzungsgesetz). The consolidated financial statements and interim reports are drawn up in accordance with International Financial Reporting Standards (IFRS). The individual financial statements required by law for tax and dividend payment purposes are drawn up in compliance with the German Commercial Code (Handelsgesetzbuch, HGB). A list of relationships with shareholders qualifying as Related Parties within the meaning of IAS 24 is published by the company in its consolidated financial statements.

Audit

In accordance with the 2008 Annual General Meeting resolution on the matter, the Supervisory Board has appointed the Berlin office of Deloitte & Touche GmbH Wirtschaftsprüfungsgesellschaft, Munich, branch office Berlin, to conduct the audit of the 2008 annual financial statements and consolidated financial statements. In compliance with the recommendations of the Corporate Governance Code it was agreed with the auditor that the Chairman of the Supervisory Board is to be informed immediately of any grounds for exclusion or bias which might arise during the audit, unless said grounds are eliminated without delay. The auditor is also required to report any material findings or occurrences arising during the execution of the audit which may be relevant to the Supervisory Board’s performance of its duties. The auditor is further required either to notify the Supervisory Board or make a corresponding note in its audit report should it discover circumstances indicating inaccuracies in the Declaration of Compliance with the Corporate Governance Code given by the Management Board and Supervisory Board pursuant to section 161 of the German Stock Corporation Act (Aktiengesetz – AktG).