Walldorf, November 28, 2002. - REALTECH AG has always highly valued open, transparent corporate communication. The Executive Board and Supervisory Board of REALTECH AG have therefore committed themselves to support the German Corporate Governance Code, with the aim of promoting the trust of national and international participants in the capital market, of customers, of employees, and of the general public in the leadership of the Executive Board and Supervisory Board.
REALTECH AG's "declaration of compliance" with the recommendations of the Government Commission on the German Corporate Governance Code is available on the company homepage. In the Investor Relations section REALTECH provides detailed information on its own corporate governance system, the background, and the legal basis.
REALTECH deviates from the standard code in two areas. No suitable deductible has been agreed to date for the directors & officers insurance agreed for the Executive Board and Supervisory Board (section 3.8 paragraph 2 of the code). The two boards are currently investigating the options available on the insurance market for guarding against these risks privately. In addition, members of the Supervisory Board do not as yet receive performance-based remuneration. Due to the fact that the remuneration of the Supervisory Board is very low, it is not specified separately as demanded by the standard code (section 5.4.5, sentences 4,6, and 7).
In all other respects REALTECH already largely complies with the additional suggestions of the code relating to good corporate governance. For instance, certain employees are subject to particular restrictions relating to trade with REALTECH shares due to the task they perform. The enterprise areas in which employees are classified as primary insiders are listed on the company Web site. All information regarding the corporate governance guidelines at REALTECH can be accessed at
www.realtech.de/investors.
