Previous Corporate Governance Declarations
Declaration 2010
The management board and supervisory board of Jetter AG declare that the recommendations of the "Government Commission German Corporate Governance Code" have been and are being complied with, save the following exceptions:
- Age Limit for the Members of the Management Board and Supervisory Board
The German Corporate Governance Code recommends that an age limit be fixed for the members of the management board and supervisory board. Jetter AG does not apply this recommendation, because a fixed age limit is considered an inappropriate limitation for the choice of potential members. In each individual case, however, care is taken to avoid a negative impact of the member's age on the performance of their function. - Supervisory Board Members' Compensation
The German Corporate Governance Code recommends that members of the supervisory board receive fixed as well as performance-related compensation, and that committee membership be specifically compensated. Jetter AG does not apply these recommendations, because we think that performance-related compensation linked to the copany's success might compromise the necessary neutrality of the supervisory board in assessing risk in the frame of supervising management. - Publication of Compensation System on the Company's Website
The German Corporate Governance Code recommends that the salient points of the compensation system and the concrete form of a stock options scheme shall be published on the company's website. Jetter AG does not apply this recommendation, because the rules are relatively simple and are explained in the general meeting. - Appointment of management, management board or supervisory board positions
The German Corporate Governance Code recommends an appropriate consideration resp. proportion of women. The management and supervisory board of Jetter AG hold the opinion that sex is not an especially qualifying element in a candiate and therefore choose to ignore this element in the choice of the most apt candidate.
Ludwigsburg, 3 November 2010
For the Management Board: Martin Jetter For the Supervisory Board: Dr. Michael Oltmanns
Declaration 2009
The management board and supervisory board of Jetter AG declare that the recommendations of the "Government Commission German Corporate Governance Code" have been and are being complied with, save the following exceptions:
- Age Limit for the Members of the Management Board and Supervisory Board
The German Corporate Governance Code recommends that an age limit be fixed for the members of the management board and supervisory board. Jetter AG does not apply this recommendation, because a fixed age limit is considered an inappropriate limitation for the choice of potential members. In each individual case, however, care is taken to avoid a negative impact of the member's age on the performance of their function. - Supervisory Board Members' Compensation
The German Corporate Governance Code recommends that members of the supervisory board receive fixed as well as performance-related compensation, and that committee membership be specifically compensated. Jetter AG does not apply these recommendations, because we think that performance-related compensation linked to the copany's success might compromise the necessary neutrality of the supervisory board in assessing risk in the frame of supervising management. - Publication of Compensation System on the Company's Website
The German Corporate Governance Code recommends that the salient points of the compensation system and the concrete form of a stock options scheme shall be published on the company's website. Jetter AG does not apply this recommendation, because the rules are relatively simple and are explained in the general meeting.
Ludwigsburg, December 2009
For the Management Board: Martin Jetter For the Supervisory Board: Dr. Michael Oltmanns
Declaration 2008
The management board and supervisory board of Jetter AG declare that the recommendations of the "Government Commission German Corporate Governance Code" were and are being complied with, save the following exceptions:
Age Limit for the Members of the Management Board and Supervisory
Board The German Corporate Governance Code recommends that an age limit be fixed for the members of the management board and supervisory board. Jetter AG does not apply this recommendation.
Supervisory Board Members' Compensation
The German Corporate Governance Code recommends that members of the supervisory board receive fixed as well as performance-related compensation, and that committee membership be specifically compensated. Jetter AG does not apply these recommendations.
Publication of Compensation System on the Company’s Website
The German Corporate Governance Code recommends that the salient points of the compensation system and the concrete form of a stock options scheme shall be published on the company’s website. Jetter AG does not apply this recommendation.
Ludwigsburg, December 2008
For the Management Board: Martin Jetter For the Supervisory Board: Dr. Michael Oltmanns
Declaration 2007
The management board and supervisory board of Jetter AG declare that the recommendations of the "Government Commission German Corporate Governance Code" were and are being complied with, save the following exceptions:
Age Limit for the Members of the Management Board and Supervisory
Board The German Corporate Governance Code recommends that an age limit be fixed for the members of the management board and supervisory board. Jetter AG does not apply this recommendation.
Supervisory Board Members' Compensation
The German Corporate Governance Code recommends that members of the supervisory board receive fixed as well as performance-related compensation, and that committee membership be specifically compensated. Jetter AG does not apply these recommendations.
Publication of Compensation System on the Company’s Website
The German Corporate Governance Code recommends that the salient points of the compensation system and the concrete form of a stock options scheme shall be published on the company’s website. Jetter AG does not apply this recommendation.
Ludwigsburg, December 2007
For the Management Board: Martin Jetter For the Supervisory Board: Dr. Michael Oltmanns
Declaration 2006
The management board and supervisory board of Jetter AG declare that the recommendations of the "Government Commission German Corporate Governance Code" were and are being complied with, save the following exceptions:
Age Limit for the Members of the Management Board and Supervisory
Board The German Corporate Governance Code recommends that an age limit be fixed for the members of the management board and supervisory board. Jetter AG does not apply this recommendation.
Supervisory Board Members' Compensation
The German Corporate Governance Code recommends that members of the supervisory board receive fixed as well as performance-related compensation, and that committee membership be specifically compensated. Jetter AG does not apply these recommendations.
Publication of Compensation System on the Company’s Website
The German Corporate Governance Code recommends that the salient points of the compensation system and the concrete form of a stock options scheme shall be published on the company’s website. Jetter AG does not apply this recommendation.
Ludwigsburg, December 2006
For the Management Board: Martin Jetter For the Supervisory Board: Dr. Michael Oltmanns
Declaration 2005
The management board and supervisory board of Jetter AG declare that the recommendations of the "Government Commission German Corporate Governance Code" were and are being complied with, save the following exceptions:
Age Limit for the Members of the Management Board and Supervisory
Board The German Corporate Governance Code recommends that an age limit be fixed for the members of the management board and supervisory board. Jetter AG does not apply this recommendation.
Supervisory Board Members' Compensation
The German Corporate Governance Code recommends that members of the supervisory board receive fixed as well as performance-related compensation, and that committee membership be specifically compensated. Jetter AG does not apply these recommendations.
Publication of Compensation System on the Company’s Website
The German Corporate Governance Code recommends that the salient points of the compensation system and the concrete form of a stock options scheme shall be published on the company’s website. Jetter AG does not apply this recommendation.
Ludwigsburg, December 2005
For the Management Board: Martin Jetter For the Supervisory Board: Dr. Michael Oltmanns
Declaration 2004
The management board and supervisory board of Jetter AG declare that the recommendations of the "Government Commission German Corporate Governance Code" are being complied with, save the following exceptions:
Age Limit for the Members of the Management Board and Supervisory
Board The German Corporate Governance Code recommends that an age limit be fixed for the members of the management board and supervisory board. Jetter AG does not apply this recommendation.
Supervisory Board Members' Compensation
The German Corporate Governance Code recommends that members of the supervisory board receive fixed as well as performance-related compensation, and that committee membership be specifically compensated. Jetter AG does not apply these recommendations.
Publication of Compensation System on the Company’s Website
The German Corporate Governance Code recommends that the salient points of the compensation system and the concrete form of a stock options scheme shall be published on the company’s website. Jetter AG does not apply this recommendation.
Ludwigsburg, December 2004
For the Management Board: Martin Jetter For the Supervisory Board: Dr. Michael Oltmanns
Declaration 2003
The management board and supervisory board of Jetter AG declare that the recommendations of the "Government Commission German Corporate Governance Code" are being complied with, save the following exceptions:
Supervisory Board Committees
The German Corporate Governance Code recommends that the supervisory board shall form committees. Jetter AG does not apply this recommendation.
Age Limit for the Members of the Management Board and Supervisory Board
The German Corporate Governance Code recommends that an age limit be fixed for the members of the management board and supervisory board. Jetter AG does not apply this recommendation.
Supervisory Board Members' Compensation
The German Corporate Governance Code recommends that members of the supervisory board receive fixed as well as performance-related compensation, and that committee membership be specifically compensated. Jetter AG does not apply these recommendations.
Individualised Figures for the Compensation of Members of the Management Board and Supervisory Board
The German Corporate Governance Code recommends that the compensation of board members (both management and supervisory) shall be reported on an individual basis. Jetter AG does not apply this recommendation.
Publication of Compensation System on the Company’s Website
The German Corporate Governance Code recommends that the salient points of the compensation system and the concrete form of a stock options scheme shall be published on the company’s website. Jetter AG does not apply this recommendation.
Deductible in D&O Insurance
The German Corporate Governance Code recommends that if the company takes out a D&O (directors and officers' liability insurance) policy for the management board and supervisory board, a suitable deductible shall be agreed. Jetter AG does not apply this recommendation.
Ludwigsburg, December 2003
For the Management Board For the Supervisory Board
Martin Jetter Dr. Michael Oltmanns
Declaration 2002
The management board and supervisory board of Jetter AG declare that the recommendations of the "Government Commission German Corporate Governance Code" are being complied with, save the following exceptions:
Supervisory Board Committees
The German Corporate Governance Code recommends that the supervisory board shall form committees. Given the relatively small size of the supervisory board, and with regard to the efficiency of the board as a whole, Jetter AG does not apply this recommendation.
Age Limit for the Members of the Management Board and Supervisory Board
The German Corporate Governance Code recommends that an age limit be fixed for the members of the management board and supervisory board. Jetter AG considers this to be an unnecessary restriction of the shareholders’ right to elect the members of the supervisory board, resp. the supervisory board’s scope in choosing members of the management board and therefore does not apply this recommendation.
Supervisory Board Members' Compensation
The German Corporate Governance Code recommends that members of the supervisory board receive fixed as well as performance-related compensation, and that committee membership be specifically compensated. Jetter AG is of the opinion that such a compensation scheme would neither increase board members’ overall performance nor committee efficiency and therefore does not apply these recommendations.
Ludwigsburg, December 2002
For the Management Board For the Supervisory Board
Martin Jetter Dr. Michael Oltmanns