Deutsche Telekom AG - The 2009 financial year

Group management focuses on the expec- tations Deutsche Telekom’s four groups of stakeholders – shareholders, providers of debt capital, employees, and “entrepreneurs within the enterprise” – have of the Group. Its purpose is to strike a balance between these contrasting expectations and interests so that sufficient funding is available for investment, socially responsible staff restructuring, debt repayment, and an attractive dividend policy. 48