Good corporate governance is an important and integral part of the management culture of the Kuehne + Nagel Group. The principles of corporate governance, defined in the Directive on Information Relating to Corporate Governance of the SWX Swiss Exchange, are laid down in the Articles of Association, the Organisational Rules, and the Committee Regulations of the holding company of the Group, Kuehne + Nagel International AG, Schindellegi, Switzerland. Kuehne + Nagel follows continually evolving worldwide best practice recommendations and is committed to the standards set forth in the Swiss Code of Best Practice for Corporate Governance.

The following information is based on the Corporate Governance Report section of the Kuehne + Nagel 2007 annual report and was updated following the Annual General Meeting held on April 30, 2008.