adidas AG is an international corporation with shareholders, customers, suppliers, employees and Executive and Supervisory Board members from all over the world. In light of this fact, we welcome the German Corporate Governance Code and the aim pursued thereby to achieve greater transparency for both national and international investors and to strengthen confidence in the management of German corporations.
We have examined the subject of corporate governance in depth and comply with the recommendations and the majority of the non-binding suggestions contained in the German Corporate Governance Code with a few exceptions.
We continue to maintain a positive and contemporary corporate culture and strive to strengthen and sustain the trust that investors, business partners, employees and the public have placed in us. The implementation of the Code’s recommendations and suggestions is therefore of significant importance to us.
Our Executive Board and Supervisory Board last published an updated Declaration of Compliance on February 11, 2009.
