Effective advising and supervision of the Management Board is based on the information provided to the Supervisory Board by the Management Board. At the beginning of each ordinary Supervisory Board meeting, the Management Board presents the current macroeconomic situation and industry-related economic developments. It informs the Supervisory Board about NORMA Group’s current business performance, explains the development of its key performance indicators compared to the previous year and the budget, and provides and outlook for the remainder of the fiscal year based on the regularly updated forecast.
The Management Board’s risk report is an integral part of the Audit Committee meetings and the Supervisory Board meeting in May. Risks that could potentially jeopardize the continued existence of NORMA Group are assessed on the basis of the previous quarter in terms of their probability of occurrence and their potential impact, taking into account any countermeasures already initiated and any provisions. Based on the risk reporting, the Supervisory Board and Audit Committee were able at all times to obtain a clear and comprehensive picture of the potential risks that could lead to an impairment of the company’s net assets, financial and earnings position, and to ensure that the avoidance of such risks is given appropriate priority within the company and that the relevant monitoring systems function effectively.
Reports on accidents at work and individual elements of occupational safety, as well as quality issues and aspects of delivery reliability, are also presented at every ordinary Supervisory Board meeting. In addition, the Supervisory Board deals on an ongoing basis with the development of employee numbers, digitalization and ESG issues, in particular the company’s CO2 emissions and their reduction.
The Management Board also informs the Supervisory Board about the business development of NORMA Group SE and the Group independently of meeting dates on a monthly basis and provides the Supervisory Board with an up-to-date outlook for the current fiscal year. In addition, the respective Chair of the Supervisory Board also exchanged information in the 2025 fiscal year with the current CEO in regular one-on-one meetings, usually every two weeks.
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These contents are part of the Non-financial Group Report and were subject to a separate limited assurance examination.