Corporate Governance

General Meeting

Shareholders exercise their rights at the General Meeting. The sole shareholder is HDI Haftpflichtverband der Deutschen Industrie V. a. G.

Each share carries one vote in the voting on resolutions. The General Meeting elects the members of the Supervisory Board representing the shareholders and votes to ratify the acts of management of the Board of Management and the Supervisory Board. It decides upon the appropriation of the disposable profit, on capital measures and the approval of company agreements, as well as on the remuneration of the Supervisory Board and on amendments to the company’s Articles of Association. Each year an ordinary General Meeting is held, at which the Board of Management and the Supervisory Board provide an account of the financial year just-ended. In special cases, the Stock Corporation Act provides for the convening of an extraordinary General Meeting.