DHL 2002 Annual Report Download - page 152

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67
Executive Bodies
Report by the Supervisory Board
The acquisition of equity investments and real estate transactions were also discussed. In
addition, the Committee conferred at length about the tasks it will be required to perform
as a result of the implementation of the German Corporate Governance Code.
The Mediation Committee set up in accordance with section 27 (3) of the Mitbe-
stimmungsgesetz (MitbestG – German Co-Determination Act) did not meet in the fiscal
year under review.
The auditors issued an unqualified opinion on the annual financial statements of
Deutsche Post AG and the Group, including the respective management reports, for fiscal
year 2002. They also audited the Board of Management’s report on affiliated companies
(dependent company report) prepared in compliance with section 312 of the Aktiengesetz
(AktG – German Stock Corporation Act). The auditors reported on the results of their
audit and issued the following audit opinion:
“On completion of our audit in accordance with professional standards, we confirm that
1. the factual statements made in the report are correct,
2. the Company’s compensation with respect to the transactions listed in the report was not
inappropriately high.”
The annual financial statements of Deutsche Post AG and the Group, the respective
management reports, the Board of Management’s report on affiliated companies, and the
audit reports prepared by the Company’s auditor PwC Deutsche Revision AG in Düsseldorf
were made available to and examined by all members of the Supervisory Board. The Super-
visory Board discussed these documents in the presence of the auditors, who reported on the
key results of their audit and were available to answer questions. The Supervisory Board took
note of and concurred with the results of the audit of the annual financial statements and
the dependent company report. Based on the results of its own examination, the Supervisory
Board did not raise any objections to the annual and consolidated financial statements or
the final declaration by the Board of Management in the dependent company report and
thus approved the annual financial statements of Deutsche Post AG and the Group. The
Supervisory Board endorses the Board of Management’s proposal for the appropriation of
the unappropriated surplus.
Based on the results of extensive discussions held by the Executive Committee
and the Finance and Audit Committee, the Supervisory Board unanimously passed
the resolutions necessary to implement the recommendations set forth in the German
Corporate Governance Code.
The following changes were made in the composition of the Supervisory Board in fiscal
year 2002:
Martin Seiler was appointed to the Supervisory Board as of February 8, 2002 and
stepped down from his office as of December 31, 2002. Siegfried Schulze, who retired from
the Supervisory Board as of July 31, 2002, was replaced by Dirk Marx as of August 16, 2002.
The Supervisory Board would like to thank its former members, the Board of Manage-
ment and all Group employees for their commitment and successful efforts in fiscal year
2002 despite a difficult global economic environment.
Bonn, March 20, 2003
The Supervisory Board
Josef Hattig
Chairman