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Auditors<br />
Duration and term of mandate<br />
During the ordinary <strong>Annual</strong> General Shareholders’ Meeting of<br />
July 5, 2001 PricewaterhouseCoopers was elected as auditors<br />
of Phonak <strong>Holding</strong> <strong>AG</strong> and the Phonak Group. The head auditor<br />
responsible for the existing auditing mandate, Mr. Stephen<br />
W. Williams, took office as of July 5, 2001. At the <strong>Annual</strong> General<br />
Shareholders’ Meeting on July 7, 2005, PricewaterhouseCoopers<br />
was re-elected for another term of one year.<br />
Fees<br />
PricewaterhouseCoopers charged CHF 624,000 for auditing<br />
services and CHF 265,000 for non-audit services during the year<br />
under review.<br />
Supervisory and control instruments<br />
The external auditors report their findings semiannually<br />
directly to the Audit Committee of the Board of Directors. In<br />
2005/06, the external auditors attended two out of four Audit<br />
Committee meetings.<br />
The Audit Committee of the Board of Directors reviews the<br />
performance, compensation, and independence of the external<br />
auditors on a regular basis. The Audit Committee reports quarterly<br />
its treated issues to the Board of Directors.<br />
Information Policy<br />
As a publicly listed company, the Phonak Group pursues an<br />
open and active information policy. A governing principle of<br />
this policy is to treat all stakeholders alike and to inform them<br />
at the same time. It is one of our top priorities to inform our<br />
shareholders, employees, and business partners in the most direct,<br />
open, and transparent way about our strategy, our global<br />
activities, and the current state of the company.<br />
32 Corporate Governance<br />
Important information available on Phonak’s investors<br />
website<br />
Capital structure and shareholder rights:<br />
Articles of Association of Phonak <strong>Holding</strong> <strong>AG</strong><br />
Capital structure<br />
Restrictions on shareholder rights<br />
Shareholder structure<br />
www.phonak.com/company/investors/governance.htm<br />
Internal organization:<br />
Organizational regulations<br />
Phonak Group code of conduct<br />
www.phonak.com/company/investors/governance.htm<br />
Financial information:<br />
Corporate & ad hoc news<br />
<strong>Annual</strong> reports<br />
Semi-annual reports<br />
IR presentations<br />
www.phonak.com/company/investors/financial.htm<br />
Information on the <strong>AG</strong>M:<br />
Request to put an item on the <strong>AG</strong>M agenda<br />
Invitation/agenda<br />
<strong>AG</strong>M presentations<br />
<strong>AG</strong>M minutes<br />
www.phonak.com/company/investors/governance/agm.htm<br />
IR online news service:<br />
IR News Service<br />
www.phonak.com/company/investors/ir_news.htm<br />
Contact and order form:<br />
IR Contact Form<br />
Order form for annual reports<br />
www.phonak.com/company/investors/ir_contact.htm
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