Corporate Governance is highly rated at DMG MORI SEIKI AKTIENGESELLSCHAFT as an accountable system of company management and control. We welcome the introduction of the German Corporate Governance Code. The code is intended to increase the confidence of national and international investors, customers, employees and the public in the management and monitoring of joint stock companies which are quoted on the German stock exchange. It brings together the fundamental legal requirements relating to the management and monitoring of listed companies. It takes into account internationally and nationally recognised standards of behaviour in the form of recommendations ("must"), and makes suggestions ("should/can") to the individual companies for good and responsible corporate management and monitoring.