Porsche 2010 Annual Report Download - page 15
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discussed all the reports and documents presented to the extent required and subjected them to a
critical review. Between the individual meetings of the supervisory board, various members of the
supervisory board held talks with members of the executive board. In the reporting year, the chair-
man of the supervisory board was also continually in contact with the executive board.
The supervisory board examined the planned creation of the integrated automotive group
and other fundamental issues of corporate planning, in particular financial, liquidity, investment and
human resources planning. After a thorough examination, the supervisory board approved all mat-
ters presented to it by the executive board for approval or passed resolutions in accordance with
the co-determination agreement, the articles of association or the rules of procedure of the execu-
tive board. Such matters included, in particular, the conclusion of an agreement on the amendment
to the commitment to increase capital agreed with, among others, the holders of ordinary shares
who are deemed part of the Porsche and Piëch families, as well as the voting behavior at the annual
general meeting of Dr. Ing. h.c. F. Porsche Aktiengesellschaft as regards the exoneration of the
management for the fiscal year 2009/ 10.
The supervisory board satisfied itself that the executive board is duly conducting the com-
pany’s business and has taken all the necessary measures in good time. This also applies to appro-
priate risk provisioning and compliance. The supervisory board monitored whether the executive
board took the measures for which it is responsible pursuant to Sec. 91 (2) AktG and that the risk
monitoring system prescribed therein works effectively.
Significant issues addressed by the supervisory board in the short fiscal year 2010
At an extraordinary meeting on 28 September 2010, the supervisory board discussed the
motion proposed by several shareholders for the appointment of a special auditor and passed a
statement. At the first ordinary supervisory board meeting of the short fiscal year 2010 on
13