Mercedes 2008 Annual Report Download - page 143

Corporate Governance |Report of the Audit Committee |139
Furthermore, the Audit Committee dealt regularly with complaints
and criticism concerning financial reporting, the Group’s reputation
and the internal monitoring system, which were received from
Daimler employees confidentially and, if desired, anonymously.
Information concerning violations of Section 302, Subsection 5
of the Sarbanes-Oxley Acts was received separately.
In two meetings attended by the external auditors in February
2009, the Audit Committee reviewed the annual company financial
statements and the annual consolidated financial statements for
2008 with the respective management reports, including the annual
report on Form 20-F, and the proposal made by the Board of
Management on the appropriation of profits. The audit reports
and important accounting matters were discussed in detail with
the external auditors. Following an intensive review and discussion
of the documents, the Audit Committee then recommended
that the Supervisory Board agree to the Board of Management’s
proposal on the appropriation of distributable profits and approve
the financial statements.
Once again in the year 2008, the Audit Committee conducted
a specific self-evaluation of its activities.
Stuttgart, February 2009
The Audit Committee
Bernhard Walter
Chairman
Bernhard Walter, Chairman of the Audit Committee