Corporate governance standards further developed

The Supervisory Board continually monitored and discussed the development of corporate governance standards within the company. The management report 2009 contains detailed information about corporate governance in the company and the compensation amounts and the structure for the Supervisory Board and the Management Board.

In their meeting on 10 December 2009, the Management Board and the Supervisory Board discussed in detail the requirements of the current German Corporate Governance Code and its implementation. The Management Board and the Supervisory Board issued an updated joint declaration of conformity in accordance with § 161 of the German Stock Corporation Act in March of 2010. The declaration of conformity is permanently available to the shareholders in its current version on the website (www.deutsche-wohnen.com).

There existed a consulting agreement, which was cancelled as of the end of the reporting year, between Deutsche Wohnen and the Oaktree Group, whose German Managing Director is the Chief Executive Officer, Mr. Hermann T. Dambach. The Supervisory Board had agreed to the contract with abstention by Mr. Hermann T. Dambach in accordance with § 114 of the German Stock Corporation Act. No consulting services were provided during the reporting year under the consulting agreement.

My Annual Report