DHL 2009 Annual Report Download - page 119

sive manner about business performance, key business transactions and projects in the divisions
as well as the company’s risk exposure and risk management.  e Board of Management also
provided the chairman of the Supervisory Board with continuous updates between Supervisory
Board meetings.
Measures requiring the consent of the Supervisory Board were discussed in even greater
depth. Such measures were deliberated in advance in the relevant committees, and the results
of the deliberations were presented by the respective committee chairs at the Supervisory Board
meetings.
Seven meetings during the reporting period
Five meetings were held in the  rst half of the year and two in the second half. All members
participated in at least half of the meetings.
In a special meeting held on  January , the Supervisory Board resolved on the changed
transaction conditions for selling the company’s stake in Deutsche Postbank  to Deutsche Bank.
At the  nancial statements meeting on  February , we discussed and approved the
annual and consolidated  nancial statements for  and approved the updated planning for
 nancial year . We also reviewed the e ciency of the Supervisory Board’s work based on
an updated questionnaire.  e resignation from the Board of Management of John Mullen was
accepted at this meeting, and the appointment of Ken Allen as a member of the Board of Manage-
ment with responsibility for the  division was resolved.
Following John Allan’s decision at the start of the year to make use of his contractual right to
resign his seat on the Board of Management as at  June , we resolved in a special meeting
held on  March  to appoint Lawrence Rosen to the Board of Management with responsi-
bility for Finance, Global Business Services. He took up this position on  September .  e
Supervisory Board also took advantage of this special meeting to discuss the Group’s new strategy
in detail with the Board of Management and to approve it.
 e committee appointments were resolved at the Supervisory Board meeting directly fol-
lowing the Annual General Meeting  of Deutsche Post  on  April . Please refer to
page  for the current composition of the committees.
At the meeting held on  June , the Supervisory Board resolved to renew Walter Scheurle’s
seat on the Board of Management and his Board of Management contract. It also resolved to have
Dr Frank Appel assume interim responsibility for Finance from  July  until Lawrence Rosen
took up his position.
At the Supervisory Board meeting held on  September , we discussed the implemen-
tation status of the strategy presented in March and resolved to renew Jürgen Gerdes’ seat on the
Board of Management for three years until  July .
At the Supervisory Board’s last meeting of the year on  December , we approved the
business plan for  and decided on the future structure of the remuneration system for the
Board of Management, amongst other things. More information on this can be found in the Re-
muneration Report starting on page . We also extended Jürgen Gerdes’ seat on the Board of
Management to  ve years and submitted our Declaration of Conformity with the  German
Corporate Governance Code.
102
Deutsche Post DHL Annual Report 