Declaration of conformity
While the cross-industry and cross-company recommendations and suggestions of the German Corporate Governance Code are not binding, Article 161 of the German Stock Corporation Act (Aktiengesetz AktG) and Article 285 (16) of the German Commercial Code (Handelsgesetzbuch HGB) require an annual declaration by the Managing Board and the Supervisory Board in connection with the publication of the Financial Statements as to which recommendations of the Code have been and are being complied with and which recommendations have not been and are not being applied (so-called declaration of conformity).
The Managing Board and the Supervisory Board of A.S. Création Tapeten AG welcome the intention of the Government Commission to strengthen both national and international investors' confidence in the management of German companies. A.S. Création Tapeten AG therefore complies with most of the recommendations of the Code, albeit not with all of them.
|Declarations of conformity|