DHL 1997 Annual Report Download - page 85

Download and view the complete annual report

Please find page 85 of the 1997 DHL 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.

Page out of 89

  • 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

82
Report by the
Supervisory
Board
The Supervisory Board supports the strategy concept, submitted by the
Board of Management, for the future growth of Deutsche Post. After the
radical reorientation of the business over the last few years, the focus is
now on growth in the areas of internationalization, express mail services
and value-added services.
The General Committee of the Supervisory Board was expanded to six
members from four. Four meetings were held; the agendas included
preparing the meetings of the Supervisory Board with an in-depth dis-
cussion of the key issues.
At its four meetings, the Personnel Committee discussed a range of
human resources issues, including the concept of social security benefits
for senior managers.
The Committee for Miscellaneous Affairs held five meetings and dis-
cussed and agreed upon the 1996 Annual Financial Statement, the cor-
nerstones of the corporate plan for fiscal 1998, the status of discussions
on the new Postal Act, the capital interest in Deutsche Postbank AG, the
economic situation of the freight mail segment, the acquisition of hold-
ings as well as real estate projects.
The Mediation Committee did not meet in the year under review. This is
in accord with §27(3) of the German Co-determination Law.
The financial statements, the consolidated financial statements, the
management report, the Board of Management’s report on relations
with affiliated companies (the “Dependency Report”) and the audit report
prepared by C&L Treuhand-Vereinigung Deutsche Revision, Essen,
were made available to all members of the Supervisory Board.
The auditors expressed an unqualified opinion on the financial state-
ments, the consolidated financial statements, the management report
and the Dependency Report. The Supervisory Board noted and concurred
with the results of the audit.
The Supervisory Board has reviewed the financial statements, the man-
agement report, the Dependency Report and the consolidated financial
statements and discussed them in the presence of the auditors, No
objections were raised. The Supervisory Board has therefore approved