Corporate Governance

Since listing switched to the Open Market of the Frankfurt Exchange and Stock Market in June 2006, declarations of conformity with the German Corporate Governance Code have no longer been required.

Nevertheless, good corporate governance continues to rank high with us. Therefore, we implement the code on a voluntary basis.

Please find the respective declarations of previous years below:

Archive:



Corporate Governance of ce GLOBAL SOURCING AG

Management and Corporate Structure

In accordance with its legal form, ce CONSUMER ELECTRONIC AG - with its Director and Supervisory Board - has a dual management and monitoring structure.

Bodies

The Supervisory Board is elected by the General Meeting and currently consists of three members. Codetermination does not exist. The term of office of the Supervisory Board is five years. The Supervisory Board monitors and advises the Management in running the company. At regular intervals the Supervisory Board discusses the business development, strategic plans and their implementation. It reviews interim reports and approves of the annual plans as well as the individual and consolidated financial statements taking audited reports into account. The Supervisory Board is also in charge of appointing the members on the Board of Directors.

The Board of Directors is the group's managing body safeguarding the company's interest. The Board of Directors runs the company subject to the law and the statutes and is also responsible for drafting interim, annual and group financial statements as well as filling key positions in the company. Major decisions of the Board of Directors are subject to the approval by the Supervisory Board. Last updated: Feb 15, 2007