DHL 2009 Annual Report Download - page 120

Hard work by the committees
 e Executive Committee met nine times during the year under review.  e agenda focused
primarily on Board of Management and Supervisory Board business, the development of a new
remuneration system for the Board of Management and the appointment / reappointment of
Board of Management members.
 e Personnel Committee met twice, dealing mainly with human resources matters related to
Strategy  and the status of training and professional development within the Group.
 e Finance and Audit Committee met eight times, with meetings chaired by Prof. Dr Ralf
Krüger until  April and by Hero Brahms from  April. Hero Brahms is a  nancial expert on
the Bilanzrechtsmodernisierungsgesetz (German act to modernise accounting law). At its February
meeting, the committee examined the annual and consolidated  nancial statements for 
and reviewed the updated planning for  nancial year . It discussed the interim reports and
addressed the review of the interim  nancial report for the  rst half of the year.  e auditors
attended the committee’s  nancial statements meeting and the meeting to discuss the interim
 nancial report for the  rst half of the year.
 e committee held regular discussions on the Group’s business performance, particularly
in view of the overall economic situation, the insolvency of Arcandor, the restructuring of the
 express business and the downward trend on the mail market. It also occupied itself with the
internal control system, especially internal auditing and compliance management in the Group.
 e committee approved the Audit Plan  and also agreed that pension risk was being proper-
ly managed. Accounting and risk monitoring as well as co-operation with the auditors were also
discussed in detail. Following the , the Finance and Audit Committee hired the auditors to
perform an audit of the annual and consolidated  nancial statements and to review the interim
 nancial report for the  rst half of the year.  e focal points of the audit were also determined.
 e Nomination Committee met once in  to recommend a successor to Prof. Dr Ralf
Krüger to the Supervisory Board.
 e Mediation Committee, which must be formed pursuant to Section   of the Mit-
bestim mungs gesetz (German co-determination act), met twice in  to discuss Board of
Manage ment matters.
 e chairs of the committees reported on the committees’ deliberations in the subsequent
plenary meetings.
Changed Supervisory Board and Board of Management composition
 e Annual General Meeting of  April  elected the following shareholder represen-
tatives to a  ve-year term: Prof. Dr Henning Kagermann, who had been appointed a member of
the Supervisory Board by the court on  February , Dr Ulrich Schröder, who had previous-
ly been appointed a member of the Supervisory Board by the court as at  September , and
Dr Stefan Schulte. Prof. Dr Ralf Krüger le the Supervisory Board with e ect from the end of the
 on  April .  e employee representatives remained the same in .
 e following changes occurred on the company’s Board of Management: John Mullen resig-
ned his seat on the Board of Management e ective  February . As his successor, Ken Allen
was appointed to the Board of Management with e ect from  February  to head up the
 division. John Allan resigned his seat on the Board of Management on  June .
Lawrence Rosen was appointed to the Board of Management on  March  and took up his
position as  of the company on  September .
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Deutsche Post DHL Annual Report 
Corporate Governance
Report of the Supervisory Board