certificates for registered shares shall no longer be
issued, save if and insofar as the Executive Board, upon
request of a holder of registered shares, decides other
wise (Article 6 of the proposal).
Alterations in respect to the annual discharge of the Executive
Board and the Supervisory Board.
Under the Articles of Association as currently in force,
unamended adoption of the Annual Accounts by the
General Meeting of Shareholders serves as a discharge
for the management and supervision thereon over the
financial year concerned. Implementing
Recommendation 19 of the Committee Corporate
Governance it is proposed to forthwith separate the item
of adoption of the Annual Accounts and the item of
discharge for management pursued during the relevant
financial year and for supervision thereon (Article n,
paragraph 3, of the proposal).