E_mg_GB_03_vorne-29_3_04

More documents

Recommendations

Info

14 Transparency of accounting and auditing mg technologies ag undertakes to ensure transparency in its financial reporting. To this end, the company has been publishing its consolidated financial results in accordance with United States generally accepted accounting principles (U.S. GAAP) since its 1999/2000 fiscal year. The parent company’s financial results continue to be prepared in accordance with the German Commercial Code (HGB). The Supervisory Board commissions the auditors elected by the Annual Shareholders’ Meeting to audit the company’s financial statements and stipulates the auditors’ schedule and fees. In doing so, it ensures that the auditors’ work is not compromised by conflicts of interest. The Supervisory Board has obtained an undertaking from the auditors that they will inform it immediately if, when conducting their audit, they ascertain any facts that are inconsistent with the declaration of compliance issued by the Executive Board and the Supervisory Board. Full disclosure for public and shareholders mg technologies ag provides all of its stakeholders with timely, comprehensive and identical information. To this end, the company makes its annual and interim reports, press releases and other relevant information available on the internet. It also organizes regular analysts’ meetings, press conferences, and events for investors. The company complies with legal regulations by publishing immediately any facts that could influence its share price on the stock market in the form of ad hoc releases, which are also made available on its website. All material information published in writing is also made publicly available in English.
MANAGEMENT SHARE STRATEGY SPECIAL SECTION MANAGEMENT REPORT FINANCIAL STATEMENTS FURTHER INFORMATION Executive Board • Letter to the Shareholders • Supervisory Board • Report of the Supervisory Board • Corporate Governance at mg Declaration of compliance The Executive Board and Supervisory Board of mg technologies ag have decided, wherever possible, to comply with the requirements and recommendations of the German Corporate Governance Code. To this end, they issued the following declaration of compliance in December 2003: mg technologies ag complies with the recommendations of the German government’s commission on the German Corporate Governance Code – to the extent that they are currently applicable (at May 21, 2003) – with the following exceptions: • There are no plans at present to publish details of the individual remuneration paid to each member of the Executive Board in the Notes to the Consolidated Financial Statements, broken down into fixed compensation, performance-related pay and long-term incentives (Code subparagraph 4.2.4, sentence 2). • The post of chairman and membership of the Supervisory Board’s committees have no impact on the level of compensation paid to members of the Supervisory Board at present (Code subparagraph 5.4.5, subsection 1, sentence 3). • The compensation paid to members of the Supervisory Board does not contain any variable component that is dependent on either the financial position or the performance of mg technologies ag (Code subparagraph 5.4.5, subsection 2, sentence 1). The company intends to propose to its Annual Shareholders’ Meeting for fiscal 2003 that its articles of incorporation be amended in such a way that the Supervisory Board’s compensation complies with the Code’s recommendations. Frankfurt am Main, December 16, 2003 On behalf of the Supervisory Board Dr. Jürgen Heraeus On behalf of the Executive Board Udo Stark, Karlheinz Hornung 15
Page 1 and 2: “2003 was a year of transition fo
Page 3 and 4: Consolidated Key Figures 2003 RESUL
Page 5 and 6: Creating freedom for action CONTENT
Page 7 and 8: MANAGEMENT SHARE STRATEGY SPECIAL S
Page 17: MANAGEMENT SHARE STRATEGY SPECIAL S
Page 25 and 26: zation As the world’s population
Page 33 and 34: The pharmaceutical industry will co
Page 37 and 38: Milk Last year, over 160 million co
Page 39 and 40: The MODUL tablet press produced by
Page 45 and 46: For a technology-driven organizatio
Page 69 and 70:
MANAGEMENT SHARE STRATEGY SPECIAL S
Page 71 and 72:
Page 73 and 74:
Page 75 and 76:
Page 77 and 78:
Page 79 and 80:
Page 81 and 82:
mg's mission is to ensure sustainab
Page 83 and 84:
Page 85 and 86:
Page 87 and 88:
Page 89 and 90:
Page 91 and 92:
Page 93 and 94:
Page 95 and 96:
Page 97 and 98:
Page 99 and 100:
Page 101 and 102:
Page 103 and 104:
Page 105 and 106:
Page 107 and 108:
Page 109 and 110:
Page 111 and 112:
Page 113 and 114:
Page 115 and 116:
Page 117 and 118:
Page 119 and 120:
Page 121 and 122:
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
Page 129 and 130:
Page 131 and 132:
Page 133 and 134:
Page 135 and 136:
Page 137 and 138:
Page 139 and 140:
Page 141 and 142:
Page 143 and 144:
Page 145 and 146:
Page 147 and 148:
Page 149 and 150:
Page 151 and 152:
Page 153 and 154:
Page 155 and 156:
Page 157 and 158:
Page 159 and 160:
Page 161 and 162:
Page 163 and 164:
MANAGEMENT AKTIE STRATEGIE SONDERTE
Page 165 and 166:
Page 167 and 168:
Page 169 and 170:
Page 171 and 172:
Page 173 and 174:
Page 175 and 176:
Page 177 and 178:
Page 179 and 180:
Page 181 and 182:
Page 183 and 184:
Page 185:
Key Figures for the mg Group RESULT
show all

E_mg_GB_03_vorne-29_3_04

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?