DHL 2011 Annual Report Download - page 132

Four meetings during the reporting year
Two Supervisory Board meetings were held in the  rst half and two in the second half of the year. All
members participated in at least two meetings.
At the  nancial statements meeting on  March , with the auditors in attendance, we discussed
and approved the annual and consolidated  nancial statements for . At that meeting we accepted
Hermann Ude’s resignation from the Board of Management and approved the conditions of his severance
agreement.  e Supervisory Board appointed Roger Crook to succeed him as a member of the Board of
Management for three years until March  and agreed on the terms of his contract of employment. Ken
Allen was appointed as a member of the Board of Management for a further  ve years until March .
In addition, we dealt with aspects of Board of Management remuneration, decided on the disposal of the
 subsidiary Exel Transportation Services  and discussed the results of the e ciency review of the
work of the Supervisory Board.
At the Supervisory Board meeting of  June , we examined, amongst other matters, aspects of
the Board of Management’s remuneration, in particular its appropriateness. In addition, we discussed
how the company could support Supervisory Board members by providing them with basic and further
training measures.
At the meeting of  September , we agreed to extend Lawrence Rosen’s mandate and contract
for a further  ve years until August . Prior to the meeting, the company organised a Directors’ Day
to provide Supervisory Board members with basic and further training. Selected speakers talked about
current topics and developments, including accounting and corporate governance. Following the meeting,
the Supervisory Board held a one-and-a-half-day closed meeting to discuss in detail the implementation
of Strategy  within the Group and the divisions. In order to provide an outside perspective to sup-
plement the views of the Group, the Supervisory Board invited a number of high-ranking guest speakers.
At the Supervisory Board’s last meeting of the year on  December , we adopted the business plan
for .  e Supervisory Board extended the Board of Management mandate and employment contract
of Chief Executive O cer Dr Frank Appel for another  ve years until October  and appointed Angela
Titzrath as a member of the Board of Management and as Labour Director for three years. Angela Titzrath
will succeed Walter Scheurle who, a er twelve successful years as the Board Member for Personnel, is
retiring at his own request. We discussed again the remuneration of the Board of Management, including
the agreement of targets for . We also submitted our Declaration of Conformity with the German
Corporate Governance Code.
Hard work by the committees
 e Executive Committee met six times during the year under review.  e agenda focused primarily
on business-related questions and Board of Management matters, such as the appointment of Board of
Management members and the remuneration for the Board of Management.
 e Personnel Committee met four times, examining in detail the proportion of women in execu-
tive positions in the Group. Similarly, the Group’s voluntary commitment announced in October 
was addressed at length as were the measures planned and implemented to promote women to executive
positions. Another topic was the annual employee opinion survey.
 e Finance and Audit Committee met seven times. Hero Brahms, the committee’s chairman, is a
 nan cial expert as de ned by section   and section   of the Aktiengesetz (AktG – German Stock
Corporation Act). At its February meeting, the committee examined the annual and consolidated  nancial
statements for .  e auditors attended this meeting. Following the Annual General Meeting ,
the Finance and Audit Committee hired the auditors to perform an audit of the  annual and con-
solidated  nancial statements and the focal points of the audit were also determined.  e auditors were
likewise charged with reviewing the quarterly  nancial reports and the interim  nancial report for the  rst
half of the year.  e quarterly  nancial reports and the interim  nancial report for the  rst half of the year
were discussed by the committee together with the Board of Management and the auditors.
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