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Committees of the Supervisory Board

The work of the Supervisory Board takes place both in plenary sessions and in individual committees. The Supervisory Board has formed the following six committees:

FINANCE COMMITTEE

The Finance Committee prepares negotiations and decisions of the Supervisory Board that are financially significant, e.g. Resolutions on investment projects, significant borrowing and lending, assumption of liability and other financial transactions. He also deals with planning and investment issues such as the business plan and medium-term planning.

MEMBERS

  • Dr. Sibylle Roggencamp (Chairwoman)
  • Thomas Mendrzik (Vice Chairman)
  • Dr. Norbert Kloppenburg
  • Norbert Paulsen
  • Sonja Petersen
  • Prof. Dr. Burkhard Schwenker

AUDIT COMMITTEE

The Audit Committee prepares the decisions of the Supervisory Board regarding the annual and consolidated financial statements, the proposal to the Annual General Meeting for the election of the auditor and the agreement with the auditor. He also supervises the independence of the auditor and deals with the additional services (so-called non-audit services). The monitoring of the accounting, the accounting process and the effectiveness of the internal control system, the risk management system, the internal auditing system and the compliance management system form another focus of its work.

Members

  • Dr. Norbert Kloppenburg (Chairman)
  • Norbert Paulsen (Vice Chairman)
  • Thomas Mendrzik
  • Dr. Isabella Niklas
  • Sonja Petersen
  • Prof. Dr. Burkhard Schwenker

PERSONNEL COMMITTEE

The Personnel Committee prepares the personnel decisions incumbent on the Supervisory Board, ensures long-term succession planning together with the Executive Board, and also ensures diversity in the composition of the Board. He regularly reviews the remuneration system for the Executive Board and prepares the compensation decisions as well as the Executive Board contracts.

MEMBERS

  • Prof. Dr. Rüdiger Grube (Chairman)
  • Berthold Bose (Vice Chairman)
  • Thomas Mendrzik
  • Norbert Paulsen
  • Dr. Sibylle Roggencamp
  • Dr. Torsten Sevecke

NOMINATION COMMITTEE

The Nomination Committee formed in accordance with section 5.3.3 of the German Corporate Governance Code (GCGC), which is composed exclusively of shareholder representatives, proposes suitable Supervisory Board members for its nominations to the Annual General Meeting. In addition to the statutory requirements and the recommendations of the GCGC, it also takes into account the competence profile decided by the Supervisory Board for the entire Board and set the objectives for the composition of the Supervisory Board.

MEMBERS

  • Prof. Dr. Rüdiger Grube
  • Dr. Sibylle Roggencamp
  • Dr. Torsten Sevecke

ARBITRATION COMMITTEE

The Arbitration Committee fulfills the tasks specified in section 31 (3) of the German Co-Determination Act (MitbestG). It submits proposals to the Supervisory Board for the appointment of Executive Board members if the required two-thirds majority is not reached in the first ballot.

Members

  • Prof. Dr. Rüdiger Grube
  • Berthold Bose
  • Norbert Paulsen
  • Dr. Torsten Sevecke

REAL ESTATE COMMITTEE

The Real Estate Committee is responsible for all matters relating solely or primarily to the Real Estate subgroup (S division). It also decides on the approval of legal transactions requiring approval. The Real Estate Committee is also responsible for auditing and approving the decision of the Supervisory Board on the annual and consolidated financial statements and the proposed appropriation of profit for the S division with regard to the Real Estate subgroup.

MEMBERS

  • Dr. Isabella Niklas (Chairwoman)
  • Norbert Paulsen (Vice Chairman)
  • Thomas Lütje
  • Thomas Mendrzik
  • Dr. Sibylle Roggencamp
  • Prof. Dr. Burkhard Schwenker