Corporate governance.

Corporate governance stands for responsible corporate management and control geared to long-term value creation.

The Executive Board and the Supervisory Board of RATIONAL AG, Landsberg am Lech, hereby declare in accordance with section 161 of the AktG that, since the last declaration of conformity was submitted in February 2019, the recommendations of the Government Commission for a German Corporate Governance Code (as amended and published in the Federal Gazette on 24 April 2017) have been and are being complied with, with the following exceptions.

Here follows the declaration of corporate governance pursuant to sections 289f and 315d of the HGB, in which the Executive Board’s and Supervisory Boards report on corporate governance at RATIONAL in accordance with principle 22 of the German Corporate Governance Code, as amended on 16 December 2019. The report is supplemented by the remuneration report. The declaration of corporate governance is part of the management report of RATIONAL AG and the group management report in accordance with sections 289f and 315d of the HGB.

Dear Shareholders,

2021 was dominated by the coronavirus crisis and global supply shortages. Even more so than usual, corporate governance under these difficult conditions focussed on flexibly adapting the company to the rapidly changing market and environmental conditions. In 2021, RATIONAL’s employees demonstrated once again their exceptional power and endurance. Customer satisfaction was again given top ratings. Supply shortages for electronics components were the only factor preventing an even better recovery after 2020, the first year of the pandemic.

Professional risk management and the kind of sustained optimum performance that regularly improve the quality of a company are inextricably linked. That is why RATIONAL’s risk management system has many instruments for the early identification and analysis of risks and opportunities. To this end, our processes and early warning instruments are continually revised and improved.

Deloitte GmbH
Wirtschaftsprüfungsgesellschaft
Rosenheimer Platz 4
81669 München
www.deloitte.de