The Presidential and Nomination Committee prepares the Supervisory Board’s personnel decisions regarding the composition of the Management Board and the election proposals to the Annual General Meeting for the election of Supervisory Board members. It is also responsible for remuneration issues. This committee has the following specific tasks: Preparation of Supervisory Board resolutions on the conclusion, amendment and termination of employment contracts with the members of the Management Board within the framework of the remuneration system resolved by the Supervisory Board, preparation of Supervisory Board resolutions on the submission of an application to reduce the remuneration of a member of the Management Board by the court in accordance with Section 87 (2) AktG, preparation of Supervisory Board resolutions on the structure of the remuneration system for the Management Board, representation of the company vis-à-vis departing Management Board members in accordance with Section 112 AktG, approval of secondary employment and other activities of a Management Board member in accordance with Section 88 AktG, granting of loans to the persons named in Section 89 AktG (granting of loans to Management Board members) and Section 115 AktG (granting of loans to Supervisory Board members), approval of contracts with Supervisory Board members in accordance with Section 114 AktG and proposals of suitable persons for appointment to the Supervisory Board in the event of the election of Supervisory Board members at the Annual General Meeting.
The Presidential and Nomination Committee has three members.
Legend
These contents are part of the Non-financial Group Report and were subject to a separate limited assurance examination.