Corporate Governance

Declaration of conformity with the German Corporate Governance Code (GCGC)

The Management and Supervisory Boards of Fair Value REIT-AG issued the following declaration of conformity with the German Corporate Governance Code (Version dated 7 February 2017) within the meaning of section 161 of the AktG on 31 January 2018:

 

Fair Value REIT-AG's Management and Supervisory Boards welcome and support the GCGC and the objectives it pursues. Fair Value REIT-AG follows the recommendations of the GCGC in the version dated 7 February 2017 and will continue to do so in future with the following exceptions:

  • D&O insurance: The D&O insurance concluded for the Management and Supervisory Boards does not include a deductible for members of the Supervisory Board (Item 3.8 GCGC). The Company is of the opinion that the inclusion of a deductible is not necessary to urge the members of the supervisory board to a responsible behaviour as they are already obliged to a responsible behaviour in the best interest of the company qua their office and that an inclusion of a deductible may prevent potential suitable candidates from assuming the office as members of the supervisory board.

  • Age limit for members of the Management and Supervisory Boards, Composition of the Supervisory Board: There is no age limit for members of the Managing and Supervisory Boards (Items 5.1.2 and 5.4.1 GCGC). The Company is of the opinion that the determination of an age limit is not appropriate as the Company shall also benefit from the knowledge and experience of older persons in the work of the Managing and Supervisory Boards.

  • Committees: In view of its low number of members, the Supervisory Board has not formed any committees (Item 5.3 GCGC).

 

 

  • Publication of Finance Information: The company will continue to comply with the publication deadlines required by law until further notice (Item 7.1.2 GCGC).

 

 

31 January 2018

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