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The Transparency and Disclosure Law, coming into force on 26 July 2002, supplemented the German Stock Corporation Act (AktG) with paragraph 161. Thus, the management and supervisory boards of listed companies are required to submit an annual declaration of compliance concerning the German Corporate Governance Code. The Code presents recommendations ("shall") as well as suggestions ("should", "can") aiming to increase corporate transparency.
The existing Code was updated again on June 18, 2009. This year's declaration of conformity is based upon the revised version. | |
Already in the past, Syzygy AG publicly avowed its willingness to abide by nationally and internationally accredited standards of fair and responsible corporate governance. In its first declaration in 2002, Syzygy AG officially recognised the principles, as they are stipulated in the German Corporate Governance Code (GCGC).
Syzygy AG continues to comply with the current version of the Code with exceptions as stated in the Declaration of Compliance 2009. | |
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