DHL 2012 Annual Report Download - page 116
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Please find page 116 of the 2012 DHL 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.Seven meetings during the reporting year
Four Supervisory Board meetings took place during the rst half of the year and three in the second. All
members participated in at least of the meetings. e overall participation rate was approximately .
On January we met in an extraordinary meeting to address the European Commission’s
charge that Deutsche Post had received illegal state aid. In a related ruling, the European Commission
required the German federal government to issue an ocial demand to Deutsche Post for the repayment
of state aid. Deutsche Post and the federal government have appealed against the European Commission’s
decision.
At the nancial statements meeting on March , with the auditors in attendance, we discussed
and approved the annual and consolidated nancial statements for . At that meeting we also accepted
Walter Scheurle’s resignation from the Board of Management. Angela Titzrath had already been appointed
in December to succeed Walter Scheurle. In addition, we adopted the Supervisory Board’s proposed
resolutions for the Annual General Meeting , assessed whether the Board of Management had
achieved its targets for the nancial year and discussed ways to provide targeted support to put more
women in management positions within the Group. We also discussed the outcome of the review on the
eciency of the Supervisory Board’s work.
A further extraordinary meeting of the Supervisory Board was convened on May to address
the additional payment demanded by German tax authorities for the period from to .
At the meeting of the Supervisory Board on June , we approved the acquisition of intelliAd
Media GmbH. is acquisition strengthens Deutsche Post’s position in the eld of online marketing.
Matters relating to the Board of Management, including the remuneration of its members, were also
dealt with.
On September , the company organised a Directors’ Day to provide Supervisory Board mem-
bers with basic and further training. Selected speakers gave presentations on the internal control and risk
management system and recent changes to accounting standards. In the meeting on September ,
part of which was conducted without the Board of Management members, we discussed the appropriate-
ness of the Board of Management’s remuneration and its various components. Over the following one-
and-a-half days, the Supervisory Board met in closed session for a detailed discussion on implementing
Strategy within the Group and the divisions. In order to provide an outside perspective to supplement
its view of the Group, a number of distinguished guest speakers were also invited.
On December a further extraordinary meeting took place, in which the Supervisory Board
authorised the issue of convertible bonds to secure the continued funding of pension obligations. e
decision regarding the nal terms was delegated to the Finance and Audit Committee.
Following in-depth discussions in the Supervisory Board’s nal meeting of the year on Decem-
ber , we adopted the business plan for and agreed the Board of Management’s targets for .
In addition, we considered the Supervisory Board’s remuneration and agreed on a recommendation to
the . e target composition of the Supervisory Board was amended, such that the proportion of
independent members of the Supervisory Board, as dened in paragraph .. of the German Corporate
Governance Code, should be at least . Together with the Board of Management, we again submitted
an unqualied Declaration of Conformity with the German Corporate Governance Code.
Deutsche Post DHL Annual Report
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