• Shareholders
• Annual General Meeting
• Avoidance of conflicts of interest
• Directors’ dealings and shareholdings in 2010
• Transparency and communication
• Risk management and control system
• Financial accounting and reporting
• Directors & Officers Insurance
• Corporate governance of Fresenius SE & Co. KGaA

Shareholders

The shareholders exercised their voting rights at the Annual General Meeting. Each ordinary share of Fresenius SE conferred one vote. Preference shares of Fresenius SE essentially carried no voting rights. However, holders of these shares had precedence in the distribution of earnings and were entitled to a higher dividend. None of the shares carried multiple or preferential voting rights. We treated all shareholders and principal interest groups equally. We made information on significant new circumstances publicly available without delay. Equal treatment is essential for building confidence in the capital market.

We report in more detail on our investor relations activities in the section on Fresenius shares under Investor Relations.