Corporate Governance

Supervisory Board

The Supervisory Board advises and monitors the management of the company. It is also responsible, in particular, for the appointment and employment contracts of members of the Board of Management and for the examination of the annual financial statements.

The Supervisory Board consists of 16 members. Half of them are chosen by the shareholders and the other half are elected by the employees. In order to ensure that the Supervisory Board performs its tasks effectively, it has formed the following committees:

  • Personnel Committee
  • Finance and Audit Committee
  • Nomination Committee
  • Standing Committee

The Board of Management informs the Supervisory Board in a regular and timely manner of the development of business, the implementation of strategic decisions, material opportunities and risks as well as the company’s planning. The Chairman of the Supervisory Board is in constant contact with the Chairman of the Board of Management in order to discuss with him the company’s strategy, business development and risk management. The composition of the Supervisory Board and its committees.