Corporate governance refers to accountability in management. However, this is more today than just management pure and simple in the sense of complying with laws or any other set of standards. Lawfully and actually acquitting the duties incumbent upon both the Executive and Supervisory Boards as well as distributing these duties are the main issue. With proper and transparent corporate governance, enterprises can achieve sustainable entrepreneurial success while creating confidence on the part of investors and the public.

Corporate Governance Code

The German Corporate Governance Code that was introduced by the German Government on February 26, 2002, sets forth fundamental principles of proper corporate management and control. It is mandatory for publicly listed companies to provide a declaration indicating whether they comply with these recommendations, and if not, why not?

In the interest of value-based management, MVV Energie AG has been routinely informing its investors and the public in transparent fashion and has been careful to ensure efficient co-operation between its Executive and Supervisory Boards. The German Code offers us the opportunity to make practises more transparent that MVV Energie AG has been using for sometime now. At MVV Energie AG, we have been implementing efficient, accountable governance and control that has been oriented towards profitability. We have also made our declaration of compliance available to the public on our web site under: www.mvv-investor.de.