The rigorous application of sound corporate governance helps to consolidate and strengthen trust in the company. A single share class and the separation of the functions of chairman of the board of directors and CEO have been standard practice at Sulzer for many years. The board of directors is currently made up entirely of non-executive members. All members of the board are independent. Since December 11, 2007, Sulzer’s largest current shareholder (Renova) has been represented on the board by Vladimir Kuznetsov and Urs Andreas Meyer.

Unless otherwise indicated, the following information refers to the situation as of December 31, 2008. The information in the following section is set out in the order required by the SIX Swiss Exchange guidelines on corporate governance information (RLCG), with subsections summarized to the most possible extent. Sulzer’s annual accounts comply with International Financial Reporting Standards (IFRS), and in certain sections, readers are referred to the financial statements and notes in the 2008 annual report. The compensation report can be found in section 5 of this corporate governance report.