DHL 2015 Annual Report Download - page 123

Deutsche Post  Group —  Annual Report
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 divisions.
First and second-tier executives from the level immediately below the Board of Manage-
ment 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.
e Executive Committee’s duties include arranging the appointment of members
of the Board of Management and determining the Board of Management remuneration
for approval by the Supervisory Board plenary meeting. e members of the Executive
Committee are Wulf von Schimmelmann (Chair), Andrea Kocsis (Deputy Chair), Rolf
Bauermeister, Werner Gatzer, Roland Oetker and Stefanie Weckesser.
e Finance and Audit Committee oversees the accounting process, the eective-
ness of the internal control system, the risk management and internal auditing systems,
and the audit of the nancial statements. It examines corporate compliance issues and
discusses the half-yearly and quarterly nancial reports with the Board of Management
before publication. Based upon its own preliminary assessment, the Committee submits
proposals for approval of the annual and consolidated nancial statements by the Super-
visory Board. e members of the Finance and Audit Committee are Stefan Schulte
(Chair), Stephan Teuscher (Deputy Chair), Werner Gatzer, omas Koczelnik, Simone
Menne and Helga iel. e Chair of the Finance and Audit Committee, Stefan Schulte,
is a nancial expert as dened in sections   and   of the AktG.
e Personnel Committee discusses human resources principles for the Group. e
members of the Personnel Committee are Andrea Kocsis (Chair), Wulf von Schimmel-
mann (Deputy Chair), omas Koczelnik and Roland Oetker.
e Mediation Committee carries out the duties assigned to it pursuant to the Mit-
bestimmungsgesetz (MitbestG – German Co-determination Act). e members of the
Mediation Committee are Wulf von Schimmelmann (Chair), Andrea Kocsis (Deputy
Chair), Rolf Bauermeister and Roland Oetker.
Pages  f. and 
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Corporate Governance — CORPORATE GOVERNANCE REPORT