Reebok 2007 Annual Report Download - page 24
Download and view the complete annual report
Please find page 24 of the 2007 Reebok 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.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14 -
15 -
16 -
17 -
18 -
19 -
20 -
21 -
22 -
23 -
24 -
25 -
26 -
27 -
28 -
29 -
30 -
31 -
32 -
33 -
34 -
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
 |
 |
020
ANNUAL REPORT 2007 --- adidas Group TO OUR SHAREHOLDERS - Supervisory Board Report
SUPERVISORY FUNCTIONS In the year under review, we, as the Supervisory Board, carefully and regularly monitored the
Group’s management. We advised the Executive Board on matters relating to the strategic development of the Group as well
as major individual initiatives. In this respect, the Executive Board informed us regularly, extensively and in a timely manner
at Supervisory Board meetings as well as by additional oral and written reports. This information covered the Group’s
corporate policy as well as all relevant aspects of business planning, including fi nance, investment and personnel planning.
We were also kept up-to-date on the course of business, the operational position of adidas AG and the Group (including
the risk situation and risk management), the Group’s fi nancial position and profi tability, as well as all major decisions and
business transactions. We were involved in all of the Group’s fundamental decisions at an early stage.
We held four Supervisory Board meetings in 2007 and one constituent meeting immediately following our meeting on
November 7, 2007. Further, we passed additional resolutions on urgent matters between our meetings. All Supervisory Board
members attended more than half of the Supervisory Board meetings. The external auditor KPMG Deutsche Treuhand-
Gesellschaft Aktiengesellschaft Wirtschaftsprüfungsgesellschaft, Frankfurt am Main (KPMG) attended all meetings. In addition,
Henri Filho (Chairman of the Supervisory Board until November 7, 2007) and Dr. Hans Friderichs (formerly Deputy Chairman
of the Supervisory Board and now Chairman of the Supervisory Board, since November 7, 2007) also maintained regular
contact with the Executive Board beyond the Supervisory Board meetings. We kept ourselves thoroughly informed regarding
the current business situation, major business transactions and upcoming decisions.
SUPERVISORY BOARD REPORT
D
ear Shareholders, 2007 was another ver
y
successful
y
ear for
the adidas Group. This success represents both a challen
g
e as well as a motivation for us to
consistently continue implementin
g
the
G
roup’s strate
g
ic
g
oals
g
oin
g
forward. In
2008
, we expect
major sports events and excitin
g
new product launches to drive
f
urther expansion o
f
our brands’
market
p
ositions around the world
.
Dr. H
a
n
s
Fri
de
ri
c
h
s
Chairman of the Supervisory Boar
d