The recommendations and suggestions in the Code are intended for companies whose shares are traded in the regulated market. Nabaltec AG, whose shares are traded over the counter ("Open Market/Scale"), also follows the Code's recommendations to a great extent and discloses since Financial Year 2007 any deviations from these recommendations through annual Declarations of Compliance in accordance with § 161 of the German Stock Corporation Act.
In this Declaration, the Management Board of Nabaltec AG makes a voluntary report with respect to corporate governance, for the Supervisory Board as well, pursuant to section 3.10 of the German Corporate Governance Code and pursuant to § 289f and § 315d of the German Commercial Code.
The latest Corporate Governance Report and the Declaration of Compliance pursuant to § 161 of the German Stock Corporation Act are available as downloads.
Responsible and sustainable action has always been an essential element of the corporate culture at Nabaltec AG. Its dual capacity as a family business and a publicly traded corporation is experienced both internally and externally, and this includes integrity when dealing with customers, business partners, shareholders and the public, as well as highly entrepreneurial thinking and action on the part of its employees.
An example of Nabaltec's open communication policy is its voluntary commitment to go above and beyond the statutory requirements based on its listing in the Scale segment, and to largely comply with the requirements of the Prime Standard segment, the highest level of transparency at Deutsche Börse AG. For example, Nabaltec voluntarily publishes quarterly reports, complies with the German Corporate Governance Code and issues all of its communications in both German and English.
Nabaltec's management is determined to reinforce the strengths of the company and its employees even more. Innovation is an integral component of the corporate culture, and this is reflected in the company's extensive advanced training measures, R&D expenditures, comprehensive quality management system and its clearly defined and never-ending optimization process. In addition, the company has introduced standards in order to ensure and improve work quality and environmental protection. Its quality, environmental and worker safety standards are backed by certifications.
Customer orientation is another key component of the company's management. Company processes, e.g. in research & development, sales and in many other internal areas, are consistently customized to meet the specific needs of customers. This is supplemented by routine customer surveys, which serve as the basis for measures to optimize structures and processes.
To Nabaltec, "compliance" means obeying the law and the Articles of Association, as well as other internal rules and regulations. Nabaltec AG also continued to steadily develop its own corporate governance in the Financial Year and it follows the recommendations of the German Corporate Governance Code apart from the exceptions laid down and justified in the Declaration of Compliance.