Management Board

Tasks and Responsibilities

The Management Board of Basler is responsible for independently managing the enterprise. In doing so, it is obliged to act in the enterprise's best interests and undertakes to increase the sustainable value of the enterprise. The Management Board develops the enterprise's strategy, coordinates it with the Supervisory Board and ensures its implementation. The Management Board ensures that all provisions of law and the enterprise's internal policies are abided by and works to achieve their compliance by group companies. The Management Board ensures appropriate risk management and risk controlling in the enterprise.

Composition and Compensation

The Management Board of Basler is comprised of several persons and have a Chairman or Spokesman. By-Laws is govern the work of the Management Board, in particular the allocation of duties among individual Management Board members, matters reserved for the Management Board as a whole and the required majority for Management Board resolutions. The Supervisory Board debates on the Management Board’s compensation system and revises it on a regular basis. Compensation of the members of the Management Board is determined by the Supervisory Board at an appropriate amount based on a performance assessment in considering any payments by group companies. Criteria for determining the appropriateness of compensation are, in particular, the tasks of the member of the Management Board, his performance, the economic situation, the performance and outlook of the enterprise taking into account its peer companies.

The compensation of the members of the Management Board is comprised of a fixed salary and variable components. Variable compensation includes one-time and annually-payable components linked to the business performance as well as longterm incentives. Changing perfomance targets retroactively are excluded.

The compensation of the Management Board is published in the Notes of the actual Annual Report.

Conflicts of Interest

During their employment for the enterprise, members of the Management Board are subject to a comprehensive non-competition obligation. Members of the Management Board and employees do not, in connection with their work, demand nor accept from third parties payments or other advantages for themselves or for any other person nor grant third parties unlawful advantages. Members of the Management Board are bound by the enterprise's best interests. No member of the Management Board pursues personal interests in his decisions or uses business opportunities intended for the enterprise for himself. All members of the Management Board disclose conflicts of interest to the Supervisory Board without delay and inform the other members of the Management Board thereof.

All transactions between Basler and the members of the Management Board as well as persons they are close to or companies they have a personal association with comply with standards customary in the sector. Important transactions require the approval of the Supervisory Board. Members of the Management Board take on sideline activities, especially Supervisory Board mandates outside the enterprise, only with the approval of the Supervisory Board.

Contact Us

Verena Fehling
Investor Relations
+49 4102 463 101
E-Mail

Current Price Information

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Current Price Information
 
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