Corporate Governance

Gemalto is required to comply with, inter alia, Dutch law, Dutch corporate governance rules, Dutch AFM rules, French AMF rules and Euronext Paris Stock Exchange rules and related regulations, insofar as applicable to Gemalto.

Gemalto is of the opinion that the majority of the principles and best practice provisions of the Dutch Corporate Governance Code as applicable during the 2008 financial year that are addressed to the Board, as interpreted and implemented in line with the best practices followed by Gemalto, are being applied. Some recommendations are not or only partially applied and these deviations are set out in section 4.2 of the 2008 Annual Report.

Gemalto’s corporate governance structure is described in chapter 4 of the 2008 Annual Report.