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German Corporate Governance Code

Preamble
This German Corporate Governance Code (the "Code") presents essential statutory regulations for the management and supervision (governance) of German listed companies and contains internationally and nationally recognized standards for good and responsible governance. The Code aims at making the German Corporate Governance system transparent and understandable. Its purpose is to promote the trust of international and national investors, customers, employees and the general public in the management and supervision of listed German stock corporations.

The Code clarifies the rights of shareholders, who provide the company with the required equity capital and who carry the entrepreneurial risk.

German Corporate Governance Code
(as amended on May 26, 2010)
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German Corporate Governance Code

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Corporate Governance Rating 2010 - green seal

Heidelberg is once again awarded for good Corporate Governance with the green seal of the Corporate Governance Rating 2010 performed by investor services provider IVOX

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