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Work of the Supervisory Board

Individual disclosure of attendance at meetings of Supervisory Board members

   
Participation of the Supervisory Board members in meetings in fiscal year 2017

PDF, 29.0 KB  

 

Committees

The Supervisory Board performs part of its duties through committees. The Supervisory Board has formed an Executive Committee, an Audit Committee, a Committee pursuant to Section 27 (3) of the German Codetermination Act (MitbestG) and a Nomination Committee as committees. The respective committee chairmen report regularly to the Supervisory Board on the work of the committees.

Committee Members
a. Executive Committee




Dr. Matthias L. Wolfgruber (Chairman)
Theo H. Walthie
Ralf Sikorski
Ifraim Tairi
Manuela Strauch
Dr. Friedrich Janssen

b. Audit Committee






Dr. Friedrich Janssen (Chairman)
Pamela Knapp
Lawrence A. Rosen
Werner Czaplik
Dr. Hans-Dieter Gerriets
Thomas Meiers

c. Committee pursuant to Article 27
Para. 3 of the Codetermination Act
Dr. Matthias L. Wolfgruber
Werner Czaplik
Ralf Sikorski
Dr. Heike Hanagarth

d. Nominations Committee




Dr. Matthias L. Wolfgruber
Lawrence Rosen
Theo H. Walthie

 

a. Executive Committee


The Executive Committee discusses key topics and prepares the meetings and resolutions of the Supervisory Board. In addition, the Executive Committee decides on transactions requiring approval, which are already provided for in the annual corporate planning. The Executive Committee may also decide on the exercise of participation rights pursuant to Section 32 of the German Codetermination Act (MitbestG) and on transactions requiring approval which cannot be postponed. It regularly discusses long-term succession planning for the Management Board. The Executive Committee also prepares the personnel decisions of the Supervisory Board.

b. Board of examiners

The Audit Committee supports the Supervisory Board in monitoring the management and deals with the monitoring of accounting, the accounting process, the effectiveness of the internal control system, the risk management system and the internal audit system, the audit of the financial statements including the independence of the auditor and the additional services provided by the auditor as well as compliance. It prepares the resolutions of the Supervisory Board on the annual and consolidated financial statements and recommends an auditor to the Supervisory Board on which the Supervisory Board bases its election proposal to the Annual General Meeting.

As Chairman of the Audit Committee of independent financial experts, Dr. Janssen has particular knowledge and experience in the field of accounting from his professional practice.

c. Committee pursuant to Section 27 (3) of the German Codetermination Act (MitbestG)


The committee pursuant to Section 27 (3) of the German Codetermination Act (MitbestG), also known as the Mediation Committee, performs the tasks described in Section 31 (3) of the German Codetermination Act (MitbestG).

d. Nomination committee


The Nomination Committee is composed exclusively of shareholder representatives and submits proposals to the Supervisory Board for its election proposals for new Supervisory Board members to the Annual General Meeting.