Supervisory Board

Tasks and Responsibilities

The task of the Supervisory Board is to advise regularly and supervise the Management Board in the management of the enterprise. It is involved in decisions of fundamental importance to the enterprise. The Supervisory Board appoints and dismisses the members of the Management Board. Together with the Management Board, it ensures that there is long-term successor planning. For first time appointments the maximum possible appointment period of five years is not the rule. A re-appointment prior to one year before the end of the appointment period with a simultaneous termination of the current appointment only takes place under special circumstances. An age limit for members of the Management Board is specified. The Supervisory Board issues Terms of Reference.

Formation of Committees

Basler's Supervisory Board consists of three persons, which is reasonable in the context of the enterprises' size. Committees are therefor not formed.

Composition and Compensation

For nominations for the election of members of the Basler Supervisory Board, care is taken that the Supervisory Board, at all times, is composed of members who, as a whole, have the required knowledge, abilities and expert experience to properly complete their tasks and are sufficiently independent. Furthermore, the international activities of the enterprise, potential conflicts of interest and an age limit to be specified for the members of the Supervisory Board is taken into account. To ensure the Supervisory Board's independent advice and supervision of the Management Board, not more than two former members of the Management Board are members of the Supervisory Board and Supervisory Board members do not exercise directorships or similar positions or advisory tasks for important competitors of the enterprise.

Every member of the Supervisory Board of Basler AG take care that he/she has sufficient time to perform his/her mandate. Members of the Management Board of a listed company do not accept more than a total of five Supervisory Board mandates in non-group listed companies. The election or re-election of members of the Supervisory Board at different dates and for different periods of office enables changing requirements to be taken into account. Compensation of the members of the Supervisory Board is specified in the Articles of Association. Due to the present level of compensation a performance-related compensation is not scheduled.

Compensation of the members of the Supervisory Board is published in the Notes of the actual Annual Report.

Conflicts of Interest

All members of the Basler Supervisory Board are bound by the enterprise's best interests. No member of the Supervisory Board is allowed to pursue personal interests in his/her decisions or use business opportunities intended for the enterprise for himself/herself. Each member of the Supervisory Board informs the Supervisory Board of any conflicts of interest which may result from a consultant or directorship function with clients, suppliers, lenders or other business partners. In its report, the Supervisory Board informs the General Meeting of any conflicts of interest which have occurred together with their treatment. Material conflicts of interest and those which are not merely temporary in respect of the person of a Supervisory Board member result in the termination of his mandate. Advisory and other service agreements and contracts for work between a member of the Supervisory Board and the company require the Supervisory Board's approval.

Examination of Efficiency

The Supervisory Board examines the efficiency of its activities on a regular basis.

Members of the Supervisory Board

Norbert Basler
Prof. Dr. Eckart Kottkamp
Horst W. Garbrecht

Contact Us

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

Current Price Information

Find out more about the current price information of the Basler shares.
Current Price Information
 
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