Meetings of the Supervisory Board and its committees
The Supervisory Board convened for five sessions during the 2010 financial year. The Audit Committee led by Veit Sorger intensified its activities within the context of two meetings in accordance with prevailing legal regulations, and in particular dealt with the company’s Internal Control System (ICS). The Nominating Committee, also with Veit Sorger as its Chairman, met once to carry out the preparatory work in relation to finding a successor for CEO Rainer Zellner. The functions assigned to the Remuneration Committee as well as urgent decisions were carried out by the entire Supervisory Board in the 2010 financialyear, due to the composition of the Supervisory Board consisting of six members. An explicit and formal self-evaluation (in accordance with Rule 36) did not take place in the 2010 financial year. However, the Supervisory Board regularly focused on its own work and its consequences for the company, and is working on its own further development. It is planned to install a structured self-evaluation process in the 2011 financial year. Criteria for the independence of Supervisory Board members correspond to the guidelines contained in Appendix 1 of the January 2010 version of the Corporate Governance Code.
