Reebok 2007 Annual Report Download - page 31

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ANNUAL REPORT 2007 --- adidas Group
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For a summary of the activities of the Supervisory Board and its committees in 2007.  see Supervisory Board Report, p. 020 For an overview
of the Supervisory Board and committee members.  see Supervisory Board, p. 025
CLOSE COOPERATION BETWEEN EXECUTIVE AND SUPERVISORY BOARDS Our Executive and Supervisory Boards cooperate
closely with each other on a basis of mutual trust in the best interest of the adidas Group. Our Executive Board develops the
Group’s strategic orientation, coordinates it with the Supervisory Board and ensures its implementation. The Executive Board
informs the Supervisory Board frequently, expeditiously and comprehensively on the Group’s strategy, planning, business develop-
ment and risk management. In particular, the Chairmen of our Executive and Supervisory Boards maintain frequent contact.
For certain business transactions and measures, the Executive Board must obtain the Supervisory Board’s prior consent. This
includes, for example, entering or exiting major fi elds of activity and acquiring or divesting substantial corporate holdings. Further,
the Executive Board must obtain the Supervisory Board’s approval for the budget including the annual capital expenditure and
fi nancial plan. For particularly urgent matters, the Supervisory Board may also resolve on issues by way of a written circular
vote. The Rules of Procedure of the Executive Board and Supervisory Board can be viewed online at  www.adidas-Group.com.
EXAMINATION OF THE EFFICIENCY OF THE SUPERVISORY BOARD Regular examination of Supervisory Board effi ciency is an
essential component of good Corporate Governance. The examination is conducted by an external advisor every two years by
means of detailed questionnaires. All members of the Supervisory Board, with the exception of the Chairman who resigned
in November, and the succeeding member, participated in 2007. Based on the results of the 2005 effi ciency examination, this year’s
survey took the latest demands on the Supervisory Board functions into consideration and focused in particular on the timely
supply of high-quality information by the Executive Board, activities of the committees taking into account all their functions and
competencies as well as the meeting preparation and realization. The results show that the Supervisory Board and its committees
fulfi ll all tasks set by the law, the Articles of Association and Rules of Procedure.
GROUP-WIDE CODE OF CONDUCT TRAINING STARTS IN 2007 With the implementation of the “Code of Conduct” in 2006, our
Executive Board defi ned business principles and guidelines for law-compliant and ethical behavior for all employees towards other
employees, business partners and third parties and introduced these principles and guidelines throughout our Group. Disciplinary
measures are taken against employees who infringe upon a law or the internal Code of Conduct while carrying out the adidas Group’s
business. In 2007, we began to train employees in compliance-relevant matters by means of an e-learning seminar especially devel-
oped for this purpose. This guarantees further enhancement of our risk management.  see Risk and Opportunity Report, p. 104
ENSURING TRANSPARENCY AND COMMUNICATION WITH OUR SHAREHOLDERS In accordance with the principles of fair disclosure,
in view of our international shareholder structure and in order to achieve maximum transparency, we provide all institutional
inves tors, private shareholders, fi nancial analysts, employees and the interested public with the same information at the same
point in time, in both English and German. For this purpose, we primarily use our website.  www.adidas-Group.com There we publish
all press releases and ad hoc announcements, fi nancial reports, information on our analyst and press conferences, our Annual
General Meeting and our fi nancial calendar. In accordance with the new statutory regulations, we publish throughout Europe, inter
alia, notifi cations on Directors’ Dealings, on changes in the percentage of voting rights as well as all corporate information subject to
disclosure requirements.
These publications can then be accessed centrally through the electronic business register.