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Tasks of the Executive Board

The main tasks performed by the Executive Board include: 

  • Developing the Company's strategy and implementing it in accordance with the Supervisory Board 
  • The Company's annual and long-term planning 
  • Preparing the quarterly, annual, and consolidated financial statements 
  • Establishing appropriate risk management and risk control systems 
  • Regular, timely, and in-depth reporting to the Supervisory Board 
Certain measures and transactions by the Executive Board require Supervisory Board approval.