DSW's Voting Principles 2005

The German Corporate Governance Code developed by the Cromme Commission and published February 2002 is the minimum standard for Corporate Governance in Germany and at the same time the key guideline for DSW’s voting recommendations. Beyond the official Code, DSW - as the first German shareholder association - now developed its own Voting Principles to specifically make clear for foreign investors how DSW exercises votes for its members and other investors or representatives.

The DSW Voting Principles cover recurring proposals at German General Meetings, like for instance the discharge of management and supervisory board, capital measures, share repurchases or board elections.

You can order the DSW Voting Principles (in English) via EMail and vs. payment of Euro 95,- plus taxes. If you are interested in further information on the DSW Voting Principles, please contact bendsw-info.de.