March 16, 2005

Press Release

BAYER: Critical Shareholders Submit Counterproposals

To mark the annual results announcement of BAYER AG, the Coalition Against BAYER-Dangers today submitted counterproposals for the Annual General Meeting of the company. The submission states that: “During the last financial year, BAYER has been responsible for a multitude of misdeeds. The Board has either caused, or not prevented these, and as such must not be absolved of responsibility”.

During the last financial year, BAYER has been responsible for a multitude of scandals:

BAYER regularly reaches price agreements with the opposition, and has been caught doing this four times in the last year alone. Bayer's fines amount to over 100 Million US$;

The sale of highly dangerous pesticides in developing countries, which has repeatedly led to fatal poisoning;

A new study shows that there are still 1650 children working for BAYER´s Indian seed suppliers;

Almost daily, there are hazardous incidents in Bayer factories, which often lead to the leakage of poisonous chemicals; Endangering patients by selling ineffective or dangerous pharmaceuticals.


The Coalition Against BAYER-Dangers has been drawing attention to the dark side of the company's policies for 25 years and will be elucidating the counterproposals at the Annual General Meeting on 29th April in Cologne/Germany.

We will gladly send you further information or the counterproposal (in German) in full.




 


Coalition against BAYER-dangers (Germany)
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Advisory Board
Prof. Juergen Junginger, designer, Krefeld,
Prof. Dr. Juergen Rochlitz, chemist, former member of the Bundestag, Burgwald
Wolfram Esche, attorney-at-law, Cologne
Dr. Sigrid Müller, pharmacologist, Bremen
Eva Bulling-Schroeter, former member of the Bundestag, Ingolstadt
Prof. Dr. Anton Schneider, construction biologist, Neubeuern
Dorothee Sölle, theologian, Hamburg (died 2003)
Dr. Janis Schmelzer, historian, Berlin
Dr. Erika Abczynski, pediatrician, Dormagen