Porsche 2012 Annual Report Download - page 26

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In accordance with, Art. 9 (1) c (ii) Council Regulation (EC) No. 2157/2012 and Sec. 312 AktG the exec-
utive board has prepared a report on related companies (dependent company report) for the fiscal year
2012. The auditors have audited the dependent company report and have rendered the following audit
opinion:
“Based on our audit and assessment in accordance with professional standards, we confirm that
(1) the factual statements made in the report are correct,
(2) the payments made by the company in connection with transactions detailed in the report were not
unreasonably high.”
The dependent company report together with the audit report of the auditor of the financial state-
ments were provided to the supervisory board in a timely manner. Both reports were discussed in detail
at the meetings of the audit committee and the supervisory board on 4 and 8 March 2013 and checked
in particular for completeness and correctness. Representatives of the auditors participated in these
meetings, reported on the significant findings of the audit and were available to the audit committee and
the supervisory board to provide additional information. The supervisory board concurred with the result
of the auditors’ review of the dependent company report. According to the concluding results of its own
review, there were no objections with respect to the closing declaration of the executive board in the de-
pendent company report.
Composition of the executive board and supervisory board
Mr. Thomas Edig laid down his office on the executive board with effect as of 29 February 2012. The super-
visory board would like to thank Mr. Edig for his committed, entrepreneurial work. As his successor,
Mr. Philipp von Hagen was appointed to the executive board of Porsche SE on 1 March 2012.
Mr. von Hagen is responsible for the investment management function.
Hans Baur laid down his office as a member of the supervisory board of Porsche SE on 31 December
2011. As his successor, Mr. Hansjörg Schmierer was appointed by the courts as a member of the supervi-
sory board on 23 January 2012. The supervisory board would like to thank Mr. Baur for the good and trust-
ing working relationship.
122 To our shareholdersTo our shareholders
Report of the supervisory board