DHL 2014 Annual Report Download - page 120

e Board of Management and the Supervisory Board engage in regular dialogue
regarding the Group’s nancial position and performance, strategic initiatives, key busi-
ness transactions, the progress of acquisitions, compliance and compliance management,
risk exposure and risk management, and all material planning and related implemen-
tation issues. e Board of Management informs the Supervisory Board promptly and
in full about all issues of signicance. e Chairman of the Supervisory Board and the
 maintain close contact and discuss current issues. e Chairman of the Supervisory
Board also has regular contact with other Board of Management members between
Supervisory Board meetings.
e Supervisory Board carries out an annual eciency review of the work of the
Super visory Board, which includes assessing co-operation with the Board of Manage-
ment. e eciency review for nancial year  concluded that the Supervisory Board
had performed its monitoring and advisory duties eciently and eectively.
All Supervisory Board decisions, particularly those concerning transactions that
require Supervisory Board approval, are discussed in detail in advance by the relevant
committees. Each Supervisory Board plenary meeting includes a detailed report on the
committees’ work and decisions taken.
None of the Supervisory Board members holds positions on the governing bodies
of, or provides consultancy services to, the Group’s main competitors. e Supervisory
Board has not been informed of any conicts of interest aecting individual members
during the year under review.
Executive committees and Supervisory Board committees
Executive committees prepare the decisions to be made by the entire Board of Manage-
ment and take decisions on matters delegated to them. e duties of the executive
committees include preparing and/or approving investments and transactions in the
various divisions. e Deutsche Post Executive Committee is responsible for the Post-
eCommerce - Parcel division; the cross-divisional  Executive Committee is in
charge of the Express, Global Forwarding, Freight, and Supply Chain divisions; the
 &  Executive Committee covers the Corporate Center  and Global Business
Services . e , the  and the Board Member for Human Resources have
permanent representation on the committees, whilst the Board members responsible
for the divisions are represented on the committees in matters relating to their div-
isions. First-tier executives from the level immediately below the Board of Management
also attend executive committee meetings that cover topics relevant to their eld. For
example, Accounting & Controlling, Corporate Finance, Corporate Development and
Legal Services will be invited to take part in discussions on acquisitions. e Deutsche
Post Executive Committee and the  Executive Committee each meet at least once a
month; the  &  Executive Committee usually meets every quarter.
Business review meetings also take place once a quarter. ese meetings are part
of the strategic performance dialogue between the divisions, the  and the .
e business review meetings discuss strategic initiatives, operational matters and the
budgetary situation of the divisions.
For details of the members of the Board of Management, see the sections on the
Board of Management and Mandates held by the Board of Management.
e Supervisory Board has formed six committees to ensure the ecient discharge
of its duties. In particular, these committees prepare the resolutions for the Supervisory
Board plenary meetings. e Supervisory Board delegates the nal decisions on certain
topics to the individual committees.
Pages  f. and 
Deutsche Post  Group —  Annual Report
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