BMW 2001 Annual Report Download - page 5
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001 BMW Group in figures
004 Report of the Supervisory Board
008 Supervisory Board
011 Board of Management
012 Group Management Report
029 BMW Stock
033 Group Financial Statements
098 BMW AG Financial Statements
104 BMW Group Annual Comparison
106 BMW Group Locations
108 Glossary
112 Index
4
During the financial year 2001, the Supervisory Board has regularly advised the
Board of Management and monitored the running of the business. In five joint
meetings with the Board of Management and on the basis of written and oral
reports provided by the Board of Management, the Supervisory Board has
thoroughly appraised the financial situation of the Company, the performance
and business policy, the risk management, and dealt with other fundamental
questions of corporate planning and development. In addition to the Supervisory
Board meetings, the Chairman of the Supervisory Board has also held regular
discussions with the Chairman of the Board of Management on key aspects of
business policy and corporate development.
During the first half of 2001, the Supervisory Board regularly requested infor-
mation about the final settlement of the sale of Rover Cars and Land Rover. The
transactions were finally completed after agreements were reached on the Rover
Cars closing balance sheet on 31 May 2001 and on the Land Rover closing
balance sheet on 20 June 2001. The BMW Group now only has a few customer/
supplier relationships with MG Rover and Land Rover.
After the sale of Rover operations, the Board of Management has focussed
the Groups automobile business entirely on the premium segment. With
the launch of the MINI, the BMW 3 Series compact and the new BMW 7 Series
saloon car in 2001 this strategy has been successfully driven forward.The Super-
Volker Doppelfeld
Chairman of the Supervisory Board