Corporate Governance Report

Since 1 October 2002, the Austrian Code of Corporate Governance has given Austrian companies a framework for the management and supervision of a company.

The Corporate Governance Code advocates a system of management and supervision of companies aimed at achieving accountability and creating long-term, sustainable value. This is intended to provide a company’s stakeholders with a high degree of transparency and to serve as an important guide for national and international investors. The Code is based on Austrian stock corporation law, stock exchange and capital market regulations, important EU recommendations, and its principles follow the OECD’s guidelines for Corporate Governance.

RHI supports the Code’s objectives to strengthen the confidence of domestic and foreign investors in the Austrian capital market by providing more transparency and uniform standards. In addition, RHI advocates the statutory provisions to prevent insider trading and has implemented the Securities Issuer Compliance Regulation which is currently in force in the company.

RHI’s Boards meet regularly to intensively discuss the Corporate Governance Code as amended, the Code’s regulations and recommendations are met to a very great extent by RHI. RHI ensures transparency as required by Figure 60 of the Code by preparing a Corporate Governance Report in the context of the annual report and by publishing it on the company’s website at www.rhi-ag.com à Corporate Governance à Corporate Governance Report.

The Austrian Code of Corporate Governance is available on the Internet at www.corporate-governance.at.

Report of RHI AG on the Corporate Governance Code
for the financial year 2009

RHI respects the Austrian Corporate Governance Code and undertakes to comply with the provisions documented therein. The code comprises the following rule categories:

1. Legal Requirement (L): This rule refers to mandatory legal requirement
2. Comply or Explain (C): This rule is to be followed; any deviation must be explained and the reasons stated in order to be in compliance with the Code
3. Recommendation (R): This rule has recommendation character. Non-compliance with this rule requires neither disclosure nor explanation.

Report of RHI AG on the Corporate Governace Code of the Annual Report 2009 (PDF)

RHI AG, Management Board
Vienna, March 2010