Countermotions and candidate nominations

Countermotions and candidate nominations by shareholders in relation to the appointment of the Supervisory Board members or of the independent auditors received before the end of the day (24:00 hours CEST) on 9 April 2017 shall be published here.

Statements made by management in response to countermotions and candidate nominations shall also be published here. 

In connection with candidate nominations by shareholders in relation to the appointment of the Supervisory Board members the Executive Board points out the following:

In accordance with Article 40, Paragraphs 2 and 3 of the SE Regulation, Section 17 of the German Act on the Implementation of a the SE Regulation (“SE Implementation Act”), Section 21, Paragraph 3 of the Act on the Involvement of Employees in a European Company (“SE Involvement Act”), Part 2 of the SE Employee Involvement Agreement dated 20 December 2016 and Section 11, Paragraph 1 of the Articles of Incorporation, the Supervisory Board is composed of 20 members appointed by the General Meeting. Ten of the twenty members shall be appointed at the suggestion of the employees. If the Supervisory Board at a listed SE is composed of the same number of shareholder representatives and employee representatives, pursuant to Section 17, Paragraph 2 of the SE Implementation Act, women and men must each account for at least 30% of all members. Therefore, at least six seats have to be occupied by women and at least six seats have to be occupied by men in the Supervisory Board, whereby, according to Part 2 of the SE Employee Involvement Agreement, the Supervisory Board must have at least three shareholder and three employee representatives of each gender. The election of the candidates proposed by the Supervisory Board and by the employees would thus satisfy the aforementioned minimum quota requirement. 

 

Countermotions to the Annual General Meeting

Statement by the Executive and the Supervisory Board in response to the countermotions