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Skills set

Supervisory Board

The supervisory board has defined specific objectives governing its composition. In addition to requiring sector expertise from all supervisory board members, it has also defined a more detailed skill set for the board as a whole. Proposals of candidates to the annual general meeting are always based on the following objectives derived from the required skill set.

Objectives and Skills Set

At least one third of all supervisory board members must be knowledgeable about the IT industry. At present, two members of the supervisory board have pertinent IT knowledge – Josef Blazicek and Karl Astecker.

At least one member of the supervisory board must have international experience. All members of the supervisory board currently comply with this target requirement.

At least one member of the supervisory board must have experience as a management board member (or comparable) in a listed company. This requirement is currently met by four members of the supervisory board – Dr. Rudolf Knünz, Paul Neumann, Josef Blazicek and Karl Astecker.

The shareholder representatives on the supervisory board have determined what they consider to be an appropriate number of independent shareholder representatives on the supervisory board, taking into account the company's ownership structure. The supervisory board in its current composition corresponds to this determination. The number and names of the independent shareholder representatives can be found here.

In its assessment of independence, the supervisory board has examined in detail the indicators listed in the current version of the German Corporate Governance Code (»Code 2020«). None of the indicators listed in the Code raise any objections to the supervisory board's assessment of independence. No other reasons are apparent that contradict this assessment.

When proposing candidates for election to the supervisory board, the supervisory board generally con­siders an age limit of 70 years at the time of election. In the case of nominations for re-election of a supervisory board member, an age limit of 75 years at the time of re-election applies as a general rule.

At least one member of the supervisory board must be an expert with the requisite scope of specialist knowledge in the fields of accounting and auditing. Currently, Paul Neumann meets this requirement.

All supervisory board members should be able to devote the expected amount of time.

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