What corporate governance entails is simple: reliable and efficient management and monitoring of listed stock corporations. In 2002, a commission entrusted by Germany's federal government presented the German Corporate Governance Code.

It aims to make use of recognized standards for the management and monitoring of companies to foster international trust in the German financial market. In doing so, the Code largely fell back on statutory requirements.

Furthermore, the recommendations are more stringent than the legal standards, thus constituting the core of the code.

RWE has been meeting high corporate governance standards for some time and is renowned for the high degree of transparency in reporting. As a consequence RWE AG fully complies with the recommendations of the code.

The complete text of the code as well as further information concercing the code are available at: