Annual Report Gorenje Group 2009

Corporate Governance report
In the field of corporate governance Gorenje, d.d., and the Gorenje Group have introduced high
standards that have been consistently met, implemented and constantly up-graded in compliance with
good practices. Transparency has been one of our fundamental values recognised also in the
environment. This has been proved also by the award for the best team in the field of relations with
investors that we received from the Ljubljana Stock Exchange in the year 2009.
A two-tier management system has been adopted in the company. On its basis the management is
responsible for running of the company's operation and the supervisory board for the supervision of
operation. The corporate governance code of public limited companies adopted on 8 December 2009
has been followed in the operation of the company; it is accessible on the websites of the Ljubljana
Stock Exchange.
SUPERVISORY BOARD
All members of the supervisory board meet the independence criterion as defined in the corporate
governance code of public limited companies. In compliance with the code independent members are
considered those who act and decide independently in their operation. Competences and obligations of
the members of the supervisory board are the same, but four members (Peter Ješovnik, M.Sc., Gregor
Sluga, M.Sc., Milan Podpečan and Drago Krenker) are also members of the audit committee. The
committee acts within the powers as stipulated in Article 280 of the Companies Act.
As a general rule the supervisory board has been involved in the development of the policy in the field
of corporate governance; it operates transparently and efficiently, which has been ensured by the
regular press releases of the summaries of its meetings and the decisions taken.
The supervisory board represents interests of the capital and the employees. Its members are:
• representatives of the capital:
o Jože Zagožen, Ph.D., Chairman
o Peter Ješovnik, M.Sc.
o Milan Podpečan
o Andrej Presečnik
o Gregor Sluga, M.Sc.
• representatives of the employees:
o Ivan Atelšek, Vice-Chairman
o Peter Kobal
o Drago Krenker
o Krešimir Martinjak
o Jurij Slemenik
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Annual Report Gorenje Group 2009