In 2019, the Board met eight times and the Management Board 18 times. The Management Board is always available to provide clarifications or additional information to any Supervisory Board member. The Management Board informs the Board of market developments, the competitive environment, strategy and the main challenges facing the Group including in terms of corporate social responsibility (CSR).
When reviewing the quarterly and half-yearly financial statements, the Management Board presents its management report on the Group’s activities, key figures and the global economy, managerial appointments within Solutions, the Group’s CSR policy, corporate acquisitions and disposals, the financial position and results of the Group and of the parent company along with future prospects.
The Supervisory Board ensures that there are systems to prevent and identify corruption and influence peddling and that the Management Board has implemented a non-discrimination and diversity policy within the governing bodies.
The Management Board provides it with all necessary information to this effect. The Supervisory Board may decide to meet without the presence of the Management Board, particularly with regard to deliberations on compensation for Management Board members. Meetings may be held with Group directors particularly to present strategic action plans. To prevent insider trading, the Management Board established rules regulating the conduct of the Group’s insiders, defining the periods in which trading in Company shares is permitted, which also applies to Supervisory Board members.
