BMW 2007 Annual Report Download - page 149
Download and view the complete annual report
Please find page 149 of the 2007 BMW annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139 -
140 -
141 -
142 -
143 -
144 -
145 -
146 -
147 -
148 -
149 -
150 -
151 -
152 -
153 -
154 -
155 -
156 -
157 -
158 -
159 -
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
-
235
-
236
-
237
-
238
-
239
-
240
-
241
-
242
-
243
-
244
-
245
-
246
-
247
 |
 |
147
The Board of Management and Supervisory Board
of Bayerische Motoren Werke Aktiengesellschaft
(BMW AG) declare the following with respect to the
recommendations of the Government Commission
on the German Corporate Governance Code:
BMW AG will comply with all recommendations
published in the official section of the electronic
Federal Gazette (Code version dated 14 June 2007)
except for one divergence: the discussion and
regular review of the structure of the compensation
system of the Board of Management is performed
by the Personnel Committee and not, additionally, by
the Supervisory Board (section 4.2.2 paragraph 1
GCGC).
During the period since filing the most recent
declaration on 5 December 2006, BMW AG has, ex-
cept for the one divergence stated above, complied
with all recommendations published in the elec-
tronic version of the Federal Gazette on 24 July 2006
(Code version dated 12 June 2006).
Munich, 4 December 2007
Bayerische Motoren Werke
Aktiengesellschaft
Supervisory Board Board of Management
Reason for divergence
Section 4.2.2 paragraph 1 GCGC:
The Supervisory Board has transferred discussion
and regular review of the structure of the compen-
sation system of the Board of Management to the
Personnel Committee. The Supervisory Board is
informed on a regular basis and in detail of the work
of the Personnel Committee.
Declaration of the Board of Management and of the Supervisory Board
of Bayerische Motoren Werke Aktiengesellschaft with respect to the
recommendations of the Government Commission of the German Corporate
Governance Code pursuant to § 161 German Stock Corporation Act