Supervisory Board Committees

Audit Committee
The principal tasks of the Audit Committee are to oversee the financial reporting process, the effectiveness and ongoing development of the internal control system, the risk management system, the internal audit system, the compliance system and the audit of the financial statements. It prepares the decisions of the Supervisory Board pertaining to the financial statements.

Supervisory Board:

» Dr. Carlos E. Mack

Members:

» Dr. Sven-Marian Berneburg

» Dr. Bertrand Malmendier

Corporate Governance Committee
The responsibilities of the Corporate Governance Committee include reviewing and assessing the company’s Corporate Governance, the relevant initiatives and their ongoing realization.

Supervisory Board:

» Dr. Bertrand Malmendier

Members:

» Dr. Sven-Marian Berneburg

» Dr. Carlos E. Mack

Nomination and Remuneration Committee
The Nomination and Remuneration Committee´s special task is the identification of suitable candidates for vacant positions in the Management Board, whose engagement is decided upon by the Supervisory Board. The Committee is also responsible for preparing all decisions regarding remuneration, amongst others by recommendations for the remuneration of the Members of the Management Board or for the configuration and enhancement of the compensation system.

Supervisory Board:

» Dr. Sven-Marian Berneburg

Members:

» Dr. Bertrand Malmendier

» Dr. Carlos E. Mack