DHL 2003 Annual Report Download - page 11
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Mandates of the Board of Management/Report by the Supervisory Board
To our Shareholders
Report by the Supervisory Board
Josef Hattig
Chairman of the Supervisory Board
Josef Hattig trained as a commercial clerk before studying law
and political science. Following positions as Gerichtsassessor (junior
court officer) and a management assistant, he joined Dortmund
brewery Thier & Co., where he held a management position from
1965 to 1972. From 1972 to 1997, he was the Managing Director
of Bremen-based brewery Beck & Co. From the fall of 1997 to
July 2003, he was Senator for Economic Affairs and Ports. Josef
Hattig was also President of the German Brewers Association and
Chairman of the Bremen Chamber of Commerce.
In the year under review, the Supervisory Board performed the duties assigned to it by
law and the Articles of Association. In addition to regularly advising and monitoring
the Board of Management, the Supervisory Board was involved in important Com-
pany decisions. In fiscal year 2003, the Board of Management regularly informed the
Supervisory Board in a timely and comprehensive manner of all issues concerning
the Company’s planning, business development, risks, risk management, strategic
measures, as well as important business transactions and projects. In particular, all
measures requiring the approval of the Supervisory Board were discussed at length,
as was the Company’s strategic focus. The Chairman of the Supervisory Board
was continuously informed about important business transactions and forthcoming
decisions, including between Supervisory Board meetings, and kept in constant
contact with the Chairman of the Board of Management.
The Supervisory Board met twice each in the first and second halves of the
year. All Supervisory Board members participated in the resolutions passed at these
meetings.
The Supervisory Board and the Board of Management held detailed discussions
prior to their decision to acquire Airborne, Inc. and the outstanding interest in Securicor
Omega Holdings Ltd. In addition, the Supervisory Board was informed about the
progress of the Group-wide STAR value creation program at every meeting. A further
key area of discussion was the progress of the integration projects in the EXPRESS
Corporate Division. In the second half of the year, the decision was taken to examine
the possibility of securing a listing for Deutsche Postbank AG on the Frankfurt Stock
Exchange.