Good corporate governance is a high priority
at Beiersdorf and shapes the attitude we take in arranging our tax affairs.
Close cooperation between the UK entities of the Beiersdorf AG Group and
headquarters, open corporate communication, proper accounting and auditing, and
responsible risk management provide the basis of the Company’s tax procedures.
We consider governance of our tax affairs to
be an ongoing and evolving process which we continue to track carefully in
order to adapt to future developments.