ANNUAL REPORT 2011 - Kuehne + Nagel

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MIDDLE EAST, CENTRAL ASIA AND AFRICA ANGOLA BAHRAIN EGYPT EQUATORIAL GUINEA IRAN ISRAEL JORDAN KAZAKHSTAN KENYA KUWAIT LEBANON MAURITIUS MOZAMBIQUE NAMIBIA NIGERIA QATAR SAUDI ARABIA SOUTH AFRICA SYRIA TANZANIA TURKEY UGANDA UNITED ARAB EMIRATES UZBEKISTAN ZAMBIA ZIMBABWE ASIA-PACIFIC AFGHANISTAN AUSTRALIA BANGLADESH CAMBODIA CHINA INDIA INDONESIA JAPAN KOREA MACAU MALAYSIA MALDIVES NEW ZEALAND PAKISTAN PHILIPPINES SINGAPORE SRI LANKA TAIWAN THAILAND Global Network 43
44 CORPORATE GOVERNANCE Kuehne + Nagel is committed to good corporate governance Good corporate governance is an important and integral part of the management culture of the Kuehne + Nagel Group (the Group). The principles of corporate governance, as defined in the Directive on Information Relating to Corporate Governance (RLCG) of the SIX Swiss Exchange, are laid down in the Articles of Association, the Organisational Rules, and the Committee Regulations of the holding company of the Group, Kuehne + Nagel International AG, Schindellegi, Switzerland (the Company). The Group follows best practice recommendations and standards established in the “Swiss Code of Best Practice for Corporate Governance”. Group structure and shareholders Under Swiss company law the Group is organised as limited company that has issued shares of common stock to investors. Kuehne + Nagel International AG is the ultimate holding company of the Group. Operational group structure The operational structure of the Group is divided into the following segments: Reportable segments consisting of the business units: — Seafreight — Airfreight — Road & Rail Logistics — Contract Logistics — Real Estate — Insurance Brokers Geographical information relating to the regions: — Europe — Americas — Asia-Pacific — Middle East, Central Asia and Africa Business performance is reported according to this operational structure. For further information on the business units, please refer to sections “Reports of the Business Units” and the “Consolidated Financial Statements” respectively. Listed companies of the Group Kuehne + Nagel International AG, the ultimate holding company, is the only company listed within the scope of the Group’s consolidation. Kuehne + Nagel International AG has its registered office in Schindellegi, Switzerland, and its shares are listed on the SIX Swiss Exchange, Zurich. The company’s market capitalisation on the closing date (December 31, 2011) amounted to CHF 12,660 million (120 million registered shares at CHF 105.50 per share). Of the total Kuehne + Nagel International AG share capital on the closing date: — the free float consisted of 55,408,099 shares = 46.1 per cent and — treasury shares consisted of 691,901 shares = 0.6 per cent Kuehne + Nagel International AG shares are traded under the symbol “KNIN”, the security number is 2’523’886 and ISIN is CH0025238863. Non-listed companies in the Group's consolidation The main subsidiaries and associated companies of the Group are disclosed in the appendix “Significant subsidiaries and joint ventures” to the Consolidated Financial Statements (pages 114 to 119), including particulars as to the country, name of the company, location, share capital, and the Group’s stake in per cent.
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NETWORK AND PRODUCT PORTFOLIO KUEHN
Page 3 and 4:
EXPANSION NETWORK AND PRODUCT PORTF
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Page 9 and 10: EXPANSION NETWORK AND PRODUCT PORTF
Page 11 and 12: BEIJING / CHINA MUMBAI / INDIA
Page 13 and 14: CHINA Kuehne + Nagel offers an exte
Page 15 and 16: INDIA The new automotive competence
Page 17 and 18: KUEHNE + NAGEL GROUP KEY DATA CHF m
Page 19 and 20: 2 The Board of Directors KARL GERNA
Page 21 and 22: 4 Report of the Board of Directors
Page 23 and 24: 6 Report of the Board of Directors
Page 25 and 26: 8 REPORT OF THE MANAGEMENT BOARD St
Page 27 and 28: 10 Report of the Managament Board K
Page 29 and 30: 12 Report of the Managament Board u
Page 31 and 32: 14 Status Report _ _ _ _ _ _ Income
Page 33 and 34: 16 Status Report _ _ _ _ _ _ Financ
Page 35 and 36: 18 Status Report _ _ _ _ _ _ Invest
Page 37 and 38: 20 Status Report _ _ _ _ _ _ Shareh
Page 39 and 40: 22 REPORT OF THE BUSINESS UNITS Sea
Page 41 and 42: 24 Report of the Business Units _ _
Page 51 and 52: 34 Sustainability _ _ _ _ _ _ Human
Page 53 and 54: 36 Sustainability _ _ _ _ _ _ Kuehn
Page 55 and 56: 38 Sustainability _ _ _ _ _ _ Kuehn
Page 57 and 58: 40 Sustainability _ _ _ _ _ _ Quali
Page 59: 42 Global Network KUEHNE + NAGEL WO
Page 63 and 64: 46 Corporate Governance Klaus-Micha
Page 65 and 66: 48 Corporate Governance Dr. Wolfgan
Page 67 and 68: 50 Corporate Governance On invitati
Page 69 and 70: 52 Corporate Governance Management
Page 71 and 72: 54 Corporate Governance The members
Page 73 and 74: 56 CONSOLIDATED FINANCIAL STATEMENT
Page 75 and 76: 58 Consolidated Financial Statement
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94 Consolidated Financial Statement
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Page 117 and 118:
100 Consolidated Financial Statemen
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114 SIGNIFICANT SUBSIDIARIES AND JO
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120 FINANCIAL STATEMENTS 2011 OF KU
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122 Financial Statements 2011 _ _ _
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CORPORATE TIMETABLE 2012 March 5, 2
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ANNUAL REPORT 2011 - Kuehne + Nagel

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