Audi 2011 Annual Report Download - page 258

255
Corporate Governance Report
253 Corporate governance
253 Corporate management
declaration
254 Compliance
254 Risk management
255 Communication and
transparency
255 System of remuneration for
the Supervisory Board and
Board of Management
256 Mandates of the
Board of Management
257 Mandates of the
Supervisory Board
The regular standardized risk analysis conducted within the Audi Group serves as the basis for
identifying priority topics. These topics are investigated in depth, with the objective of managing
them comprehensively and effectively.
Detailed information on the risk management system and an explanation of the internal control
system for financial reporting can be found on pages 175 to 182 in the Risk Report section of
the Management Report of the Audi Group.
The Audit Committee set up by the Supervisory Board considers in particular questions regarding
risk management and the internal control systems. Central Risk Management is responsible
for providing the Board of Management and Supervisory Board with regular updates on the
Audi Group’s risk profile, using the reporting channels defined Group-wide.
COMMUNICATION AND TRANSPARENCY
The Audi Group publishes a Financial Calendar, showing all important publication dates as
well as the date of the Annual General Meeting, in its Annual Report and on the website
www.audi.com/investor-relations. In addition, the Company publishes an invitation to the Annual
General Meeting on this website, along with the agenda and any countermotions received.
Stockholders have the choice of exercising their voting rights in person at the Annual General
Meeting, having these rights exercised by their chosen proxy, or using a proxy appointed by the
Company and bound by their instructions. AUDI AG moreover broadcasts the Annual General
Meeting on the Internet up until the start of the discussion.
The German Securities Trading Act (Section 15 of WpHG) obliges domestic issuers of financial
instruments to publish and disclose inside information that has a direct bearing on them with-
out delay. The obligation to immediately publish information of relevance to the trading price is
intended to prevent insiders from using advance knowledge to trade shares to their advantage.
The Company’s ad hoc announcements are published on the Internet at www.audi.com/investor-
relations in the “News and Ad hoc” section, under the menu item “Ad hoc announcements.” The
“News and Ad hoc” section also contains further news and information about the Audi Group,
reporting of voting rights according to Sections 21 ff. of the German Securities Trading Act (WpHG)
and other legal issues. The notices and information published there are also available in English.
Furthermore, the annual document pursuant to Section 10 of the German Securities Trading Act
(WpPG) can be called up in the “Corporate Governance” section of the above website. This doc-
ument contains a detailed list of all communications published in fiscal 2011 relating to the
capital market.
Communications relating to share dealings by management members pursuant to Section 15a
of the German Securities Trading Act (WpHG) can be called up at www.audi.com/investor-
relations in the “Corporate Governance” section under the menu item “Directors’ Dealings.”
SYSTEM OF REMUNERATION FOR THE SUPERVISORY BOARD AND
BOARD OF MANAGEMENT
Information on the system of remuneration for the Supervisory Board and Board of Management
is provided in the Notes to the Consolidated Financial Statements under “Details relating to the
Supervisory Board and Board of Management” and constitutes part of the Group Management
Report.