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Corporate Governance
TK Development’s Supervisory and Executive Boards continue to focus on the recommendations for corporate governance, and the Supervisory Board reassesses its policies for compliance with the recommendations at least once a year. In a few areas, the Company does not comply with the recommendations, but instead provides an explanation of its reasons for not complying with a specific recommendation. Thus, the Supervisory Board is of the opinion that the Company lives up to the Corporate Governance Recommendations, updated in December 2008. The Supervisory Board has not yet implemented the recommendations updated in April 2010.