On its own behalf as well as on behalf of the Supervisory Board, the Managing Board has reported as follows pursuant to Section 3.10 of the German Corporate Governance Code on corporate governance at HUGO BOSS:

Given that HUGO BOSS AG is a joint stock corporation (Aktiengesellschaft) with registered offices in Germany, the principles of corporate governance are based in German law, particularly corporation law, the law of co-determination, and the law pertaining to capital markets as well as the Company’s Articles of Association and the German Corporate Governance Code.

In 2007, HUGO BOSS AG continued to follow recognized standards for good, responsible corporate governance. We see good corporate governance as one of the most important principles for the long-term success of the Company – a standard that we extend to all areas of the Company.