The aim of Rubean's corporate governance is to responsibly manage and monitor the company and to create and maintain long-term added value with Rubean. Further essential aspects of corporate governance at Rubean are efficient cooperation between the board of directors and the advisory board, respect for shareholders' interests, and openness and transparency in corporate communications.
This is intended to promote the trust of national and, if necessary, international investors, customers, employees and the public in the management and supervision of German listed companies.
Rubean AG welcomes the creation of the Corporate Governance Code and its anchoring in the German Stock Corporation Act in Section 161. This defines a number of criteria for assessing the quality of corporate governance.
We would like to point out that Rubean's board of directors and advisory board have not yet issued an annual declaration in accordance with the obligations of Section 161 AktG on the extent to which the recommendations of the “Government Commission on the German Corporate Governance Code” have been complied with, as the company does not comply with Section 3 Para 2 AktG. The executive board and advisory board of Rubean AG have not issued a voluntary declaration of compliance with Section 161 of the German Stock Corporation Act. At the time the prospectus was published, Rubean AG was not following the German Corporate Governance Code.
The advisory board and board of directors of Rubean AG will, however, issue a declaration of compliance with the government commission on the German Corporate Governance Code. Like other companies, Rubean AG cannot meet all criteria, as the code is a standardized document that applies to large and international blue-chip companies as well as to smaller and possibly only nationally active, listed companies. Smaller businesses may not meet certain criteria. The corresponding deviations must be explained.