Committees of the Supervisory Board
The supervisory board has established an audit committee (Prüfungsausschuss) and a committee for executive board matters (Ausschuss für Vorstandsangelegenheiten).
Committee for Executive Board Matters (Remuneration Committee). It deals with the content of the Executive Board members’ employment contracts (including remuneration) and is authorized to make decisions to this extent. This excludes the appointment and recall of members of the Executive Board, however (responsibility of the full Supervisory Board). The committee is composed of two members of the Supervisory Board who are selected by the Annual General Meeting, including the Chairman of the Supervisory Board. This committee is made up of Franz Semmernegg (Chairman) and Harald Sommerer.
Audit Committee. It has the duties listed in Section 92 (4) AktG and Regulation (EU) No 537/2014, and is competent to make decisions to this extent. This includes auditing and preparing the approval of the annual Financial Statements and annual Consolidated Financial Statements, auditing the consolidated Corporate Governance Report and consolidated
A member of the Audit Committee must be a
The auditor is to be included in the meetings of the Audit Committee which concern the preparation of the approval of the annual Financial Statements (Consolidated Financial Statements) and their auditing.