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. The Supervisory Board is of the opinion that TK Development A/S lives up to the existing Recommendations on Corporate Governance.