The Managing Board and the Supervisory Board have reported as follows pursuant to Section 3.10 of the German Corporate Governance Code on corporate governance at HUGO BOSS: 

Corporate governance has always counted highly at HUGO BOSS AG. The Managing and Supervisory Boards consider it their obligation to ensure the ongoing existence of the Company and the creation of sustained value added through responsible long-term corporate governance.

 

We are convinced that good and transparent corporate governance in compliance with national and international standards is a significant factor contributing to the Company’s long-term success. Corporate governance is accordingly part of the Group’s identity and comprises all areas of the Company and the Group. HUGO BOSS wants to justify the confidence of investors, financial markets, business partners, employees and the public on a lasting basis and continues to develop corporate governance within the Group.

In 2011, HUGO BOSS AG continued to follow recognized standards for good, responsible corporate governance. In the fiscal year 2011, the Managing Board and Supervisory Board discussed in detail fulfilling the requirements of the German Corporate Governance Code (GCGC), and particularly the changes resulting from the latest amendment to the Code. As a result, the Declaration of Compliance was submitted in December 2011. HUGO BOSS complies with all of the Code’s recommendations with few exceptions. The Code was last amended by the Government Commission on the German Corporate Governance Code on May 26, 2010 and announced on July 2, 2010. 
 

 

Related links:

 

> Declaration 2011