Reebok 2015 Annual Report Download - page 35

TO OUR SHAREHOLDERS
Corporate Governance Report including the Declaration on Corporate Governance
31
1
COMMITMENTON THE PROMOTION OF THE EQUAL PARTICIPATION OF WOMEN AND
MEN IN LEADERSHIP POSITIONS
When filling management positions in the company, the Executive Board takes diversity into consideration
and especially aims for an appropriate consideration of women. By the end of 2017, it is planned to increase
the number of women in management positions to 32% worldwide. The Supervisory Board is also convinced
that an increase in the number of women in leadership positions in the adidas Group is necessary to ensure
that, in the future, an increased number of female candidates are available for Executive Board positions.
The Supervisory Board thus supports the diversity and inclusion initiatives of the Group, particularly
concerning the promotion of women in leadership positions.
Pursuant to the German ‘Law on Equal Participation of Women and Men in Leadership Positions in the
Private and Public Sector’, which came into force on May 1, 2015, the executive boards and supervisory
boards of certain companies in Germany are required for the first time to set objectives for the percentage
of female representation on the supervisory board, the executive board and the two management levels
below the executive board, and to specify a deadline for implementing the individual percentage of female
representation. The companies had to set their objectives including the implementation deadlines by
September 30, 2015. Under the law, the first implementation deadlines for the objectives had to be no
later than June 30, 2017. For the percentage of female representation on the supervisory boards of publicly
listed and co-determined companies such as adidas AG, the law stipulates that a mandatory minimum
representation of 30% women and 30% men when filling Supervisory Board positions has to be observed
from January 1, 2016. Since the 2014 Annual General Meeting, the female representation on our Supervisory
Board amounts to 30%.
On August 5, 2015, the Supervisory Board of adidas AG resolved to appoint a woman to the Executive Board
of adidas AG by June 30, 2017 at the latest.
On July 2, 2015, the Executive Board of adidas AG resolved to increase the female representation on
the first management level below the Executive Board in Germany to 18% by June 30, 2017. The female
representation on the second management level below the Executive Board is to be increased to 30% within
the same implementation period.
AVOIDING CONFLICTS OF INTEREST
The members of the Executive Board and Supervisory Board are obligated to disclose any conflicts of
interest to the Supervisory Board without any delay. Substantial transactions between the company and
members of the Executive Board or persons in a close relation with them require Supervisory Board
approval. Contracts between the company and members of the Supervisory Board also require Supervisory
Board approval. The Supervisory Board reports any conflicts of interest, as well as the handling thereof,
to the Annual General Meeting. In the year under review, neither the members of the Executive Board nor
the members of the Supervisory Board faced conflicts of interest, with the exception of the matter outlined
in the Supervisory Board Report.
SHARE OWNERSHIP OF THE EXECUTIVE BOARDAND SUPERVISORY BOARD
At the end of the 2015 financial year, the individual ownership of shares in the company or related financial
instruments held by members of the Executive Board and the Supervisory Board was below 1% of the
shares issued by adidas AG. The same applies for the total number of shares held by all members of the
Executive Board and the Supervisory Board.
In 2015, no directors’ dealings pursuant to § 15a German Securities Trading Act (Wertpapier-
handelsgesetz – WpHG) were reported to the company. A detailed overview of directors’ dealings reported
to adidas AG since 2008 is published on our website.
see Our People, p. 87
see Supervisory Board
Report, p. 20
www.adidas-group.com/s/
directors-dealings