Supervisory Board

The Supervisory Board consists of 7 persons and determines, among other things, the guidelines, statutes and basic procedures by majority resolutions.

The chairman of the supervisory board is elected every two years by the members of the supervisory board.


4 members of the Supervisory Board are elected by the shareholders, the other 3 members are elected by the employees of the entire Group.

Statutory powers

While the Supervisory Board determines abstract and general guidelines and statutes, as well as supervises the activities of the Managing Director, the latter represents the Group externally and makes all concrete decisions, which, however, may not conflict with the guidelines and statutes determined by the Supervisory Board.


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