BMW 2015 Annual Report Download - page 182

182
comprise eight members, this would correspond to a
proportion of at least 12.5 %. The Super visory Board
considers it desirable to increase the proportion of
women on the board and supports the Board of Manage-
ment’s
current raft of measures, which is also aimed
at increasing the proportion of women at the highest
executive management levels of the BMW Group.
The Board of Management has established target
ranges of 10 to 12 % for executive management level I
and 6 to 8 % for executive management level II, each to
be reached by 31 December 2016. The targets set out
are relatively modest in view of the imminence of the
deadline.
Top management within the BMW Group is structured
in terms of functions, following a cohesive job evalua-
tion system based on Mercer.
At 31 December 2015, the proportion of female execu-
tives within management / function level I stood at 9.6 %
and within management / function level II at 5.5 %.
versity in the BMW Group can be found in the section
“Workforce”.
Information on corporate governance practices applied
beyond mandatory requirements
Core principles
Within the BMW Group, the Board of Management, the
Supervisory Board and the employees base their actions
on twelve core principles which are the cornerstone of
the success of the BMW Group:
Customer focus
The success of our Company is determined by our
cus-
tomers. They are at the heart of everything we do.
The results of all our activities must be valued in terms
of the benefits they will generate for our customers.
Peak performance
We aim to be the best – a challenge to which all of us
must rise. Each and every employee must be prepared
to deliver peak performance. We strive to be among
the elite, but without being arrogant. It is the Company
and its products that count – and nothing else.
Responsibility
Every BMW Group employee has the personal responsi-
bility for the Company’s success. When working in a
team, each employee must assume personal responsibility
for his or her actions. We are fully aware that we are
working to achieve the Company’s goals. For this reason,
we work together in the best interests of the Company.
Effectiveness
The only results that count for the Company are those
which have a sustainable impact. In assessing
leader-
ship, we must consider the effectiveness of performance
on results.
Adaptability
In order to ensure our long-term success we must adapt
to new challenges with speed and flexibility. We there-
fore see change as an opportunity – adaptability is essen-
tial to be able to capitalise on it.
Frankness
As we strive to find the best solution, it is each em-
ployee’s duty to express any opposing opinions they
may have. The solutions we agree upon will then be
consistently implemented by all those involved.
Respect, trust, fairness
We treat each other with respect. Leadership is based on
mutual trust. Trust is rooted in fairness and reliability.
The deployment of diverse, complementary talents in
the workforce increases both the ability of a company to
perform and its customer orientation. Sufficient diver-
sity in the BMW Group makes a major contribution to
improving competitiveness. Promoting an appropriate
gender balance is a key part of this skill mix. The aim of
the Board of Management therefore continues to be to
increase the proportion of women at all management
levels.
The proportion of women has risen further during the
financial year 2015, both in the workforce as a whole
and in management positions, accompanied also by
a large number of programmes, dialogues and infor-
mation events. Further information on the social di-
Proportion of female executives within management /
function level I and II at BMW AG
in %
10
8
6
4
2
Function level I Function level II
9.6 5.5
168 STATEMENT ON
CORPORATE GOVERNANCE
(Part of Management Report)
168 Information on the Company’s
Governing Constitution
169 Declaration of the Board of
Management and of the
Supervisory Board pursuant to
§ 161 AktG
170 Members of the Board of
Management
171
Members of the Supervisory
Board
174 Work Procedures of the
Board of Management
176 Work Procedures of the
Supervisory Board
181 Disclosures pursuant to the Act
on Equal Gender Participation
182 Information on Corporate
Governance Practices
184 Compliance in the BMW Group
188 Compensation Report