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Supervisory Board

The Supervisory Board of the Basler AG consists of four members:

Norbert Basler (Chairman)
Prof. Dr. Eckart Kottkamp (Deputy Chairman)
Horst W. Garbrecht
Dr. Mirja Steinkamp
Dorothea Brandes
Dr. Marco Grimm

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.

In the context of implementing the law for equal participation of women and men in executive positions in the private industry and public services of March 6, 2015, the supervisory board should set objectives for reaching the gender quota in the supervisory board and the management board.In its meeting in March 2018, the supervisory board decided that for the time being, no increase of the women quota has to be achieved in the supervisory board and the management board. Due to this a gender quota of 0% is defined for the management board. With the election of Prof. Dr. Mirja Steinkamp as a member of the supervisory board in the general meeting 2017, as well as the recently elected Dorothea Brandes as employees representative member of the supervisory boards, the women’s quota in the supervisory board of Basler AG is currently more than 30 %. There is no intention to change the current staffing of the very well cooperating management board and the supervisory board. Further information on this subject is given in the declaration of conformity (5.4.1). In March 2018, the management board and the supervisory board decided that until the end of 2021 at the latest a women quota of 30 % should be achieved in executive functions as well as on head of department level at Basler AG. On September 30, 2017, 25 % of the company’s executive functions as well as 28 % of the head of departments were female. On January 1, 2018, the quota of female executive employees increased to 30 %. The first management level below the management board is the divisional management followed by the department heads.

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. The supervisory board consists of the following members who are independent and whose number is appropriate to the size of the company: Prof. Dr. Eckart Kottkamp, Horst W. Garbrecht, Prof. Dr. Mirja Steinkamp. As founder and indirect shareholder, the chairman of the supervisory board, Mr. Norbert Basler, is considered not to be independent. 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.