Strict corporate governance and transparency principles guarantee responsible management and control.  That in turn boosts the confidence of domestic and foreign investors in a company's sustained ability to create value added.  As a set of management and monitoring rules of particular relevance to listed stock corporations, Austria's Corporate Governance Code defines a voluntary body of standards for our company.

Declaration of Commitment to the Code

During its meeting on 24 February 2005, the Supervisory Board of AGRANA Beteiligungs-AG unanimously proclaimed the company's commitment to compliance with the Austrian Corporate Governance Code.  The AGRANA Group's corporate structure has always been based on open and constructive cooperation between the Managing Board and the Supervisory Board.  Together, they ensure that the Corporate Governance Code is complied with as fully as possible.

AGRANA's compliance with all Legal Requirements (so-called "L rules") goes without saying.  Similarly, the company endeavours to comply with all the requirements contained in the code's "Comply or Explain" section.

As amended January 2010