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QIAGEN N.V. Annual Report 2001

QIAGEN N.V. Annual Report 2001

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<strong>Report</strong> of the Supervisory Board<br />

<strong>QIAGEN</strong> Supervisory Board with <strong>QIAGEN</strong> Managing Board<br />

Dr. Metin Colpan Peer M. Schatz Prof. Dr. Detlev H. Riesner Dr. Heinrich Hornef Prof. Dr. jur. Carsten P. Claussen<br />

(Chief Executive (Chief Financial (Chairman) (Vice Chairman) (Special Advisor and<br />

Officer) Officer) Honorary Chairman)<br />

2<br />

Dear Fellow Shareholders,<br />

The Supervisory Board exercised supervision over the Managing Board’s policies and business conduct<br />

throughout the financial year. Acting in the best interests of the Company and its business and consistent<br />

with past practice, the Supervisory Board monitored the Company’s activities, including its strategic,<br />

economic, and market developments, R&D investments, acquisitions and alliances, and human resources<br />

management. Information on the Company’s activities was communicated by the Managing Board to the<br />

Supervisory Board through regular meetings and business reports. It was again an exciting year for<br />

<strong>QIAGEN</strong> N.V. and the Supervisory Board thanks <strong>QIAGEN</strong>'s Managing Board and employees for their<br />

contributions to <strong>QIAGEN</strong>'s success in <strong>2001</strong>.<br />

<strong>QIAGEN</strong> N.V. is a company organized under the laws of the Netherlands and has an international network<br />

of subsidiaries. The Supervisory Board follows the principle of increasing shareholder value to further the<br />

interests of all shareholders, and has endeavored since 1997 to comply with the 40 recommendations made<br />

in the report of the Netherlands Committee on Corporate Governance. It is Company policy to follow the<br />

guidelines for Good Practice of Corporate Governance as described in this report although some minor<br />

deviations may result from effects such as legal requirements. In addition, in February 2002, <strong>QIAGEN</strong>’s<br />

Supervisory Board decided to adopt the recommendations of the new German Corporate Governance<br />

Code, and intends to comply with its recommendations or explain in the <strong>QIAGEN</strong> 2002 <strong>Annual</strong> <strong>Report</strong><br />

deviations such as might be required by Dutch law, Dutch practice, incurred or intended for instance on the<br />

basis of decisions previously made by <strong>QIAGEN</strong> shareholders.<br />

<strong>QIAGEN</strong> N.V. is a limited liability company incorporated under the laws of the Netherlands. All Company<br />

operations are carried out in accordance with Dutch Corporate Law, U.S. Federal Securities Law and<br />

Regulations, and the laws of the German capital market, in particular the Börsengesetz and the<br />

Wertpapierhandelsgesetz. The common shares of the Company are registered and traded in the United<br />

States of America on the Nasdaq National Market and in Germany on the Neuer Markt division of the<br />

Frankfurt Stock Exchange. The majority of the Company’s shares are believed to be held by shareholders<br />

in the United States and in Europe, particularly Germany.

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