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Supervisory Board Committees

The Supervisory Board conducts its work both in plenary sessions and in individual committees. It has created the following five committees from among its members:

Presiding Committee

The Presiding Committee prepares Supervisory Board meetings and decisions relating to personnel matters. It takes decisions in place of the Supervisory Board on employment and pension contracts for Executive Board members as well as additional Executive Board matters and regularly discusses and reviews the remuneration system for the Executive Board. The Committee also regularly discusses long-term succession planning for the Executive Board. In addition, the Commitee examines the efficiency with which the Supervisory Board performs its duties and has a competence to decide instead of the Supervisory Board in urgent matters.

Members:
Prof. Dr. Reinhard Pöllath (Chairman)
Michael Herz
Thorsten Irtz
Frédéric Pflanz

Audit­­ Committee

The Audit Committee prepares Supervisory Board decisions on the determination of the annual financial statements, the approval of the consolidated financial statements and agreement with the auditor. In addition, the Committee advises and supervises the Executive Board in questions relating to accounting, the effectiveness of the internal control system, the risk management system, and the internal audit system.

Members:
Dr. Dr. Christine Martel (Chairwoman)
Reiner Hansert
Tomas Nieber
Frédéric Pflanz
Prof. Dr. Reinhard Pöllath

Finance Committee

The Finance Committee advises and supervises the Executive Board on compliance. Furthermore the Committee supervises the corporate policy in the context of finance, controlling, taxes and insurances.

Members:
Frédéric Pflanz (Chairman)
Reiner Hansert
Dr. Dr. Christine Martel
Tomas Nieber
Prof. Dr. Reinhard Pöllath

Nomination Committee

The Supervisory Board formed in accordance with section 5.3.3 of the German Corporate Governance Code a Nomination Committee. The Nomination Committee is composed of shareholder representatives and proposes suitable candidates to the Supervisory Board for recommendation to the Annual General Meeting.

Members:
Prof. Dr. Reinhard Pöllath (Chairman)
Hong Chow
Dr. Dr. Christine Martel
Frédéric Pflanz

Mediation Committee

The Mediation Committee, formed in accordance with § 27 (3) of the Mitbestimmungsgesetz (German Co-determination Act), submits proposals to the Supervisory Board regarding the appointment of Executive Board members in cases where the required two-thirds majority was not reached in the first round of elections.

Members:
Prof. Dr. Reinhard Pöllath (Chairman)
Reiner Hansert
Frédéric Pflanz
Thorsten Irtz