Committees

Currently the Supervisory Board of Deutsche Börse AG has six committees:

• the Personnel Committee
• the Audit and Finance Committee
• the Supervisory Board Strategy Committee
• the Supervisory Board Technology Committee
• the Supervisory Board Clearing and Settlement Committee
• the Nomination Committee.

The Supervisory Board has established six committees that prepare the decisions and topics to be discussed in the plenary meetings. Additionally, we have delegated individual decision-making powers to the committees, to the extent that this is legally permissible. Each of the committee chairs provided detailed reports of committee work at the meetings of the Supervisory Board.

Personnel Committee

The Personnel Committee, for example, is responsible for passing resolutions on the conclusion, amendment and termination of contracts of service with Executive Board members, for establishing annual bonuses, for making allocations under the stock option program and for making occupational pension commitments in place of the Supervisory Board.

In accordance with section 8 (1) of the by-laws of the Supervisory Board of Deutsche Börse AG, the Personnel Committee comprises the Chairman of the Supervisory Board and at least three other members of the Supervisory Board, including an employee representative.

See the Report of the Supervisory Board for details of the committee's activity.

Strategy Committee

The Strategy Committee advises the Executive Board on basic issues of business policy and the company’s positioning, as well as on key projects for Deutsche Börse Group.

In accordance with section 9 (1) of the by-laws of the Supervisory Board of Deutsche Börse AG, the Strategy Committee principally comprises the Chairman of the Supervisory Board as the Committee Chairman plus at least five other members of the Supervisory Board.

See the Report of the Supervisory Board for details of the committee's activity.

Audit and Finance Committee

The Committee deals mainly with accounting and risk management, the independence of the auditor, the appointment of the auditor, the determination of the main focus of the audit, and agreement relating to fees.

In accordance with section 10 (1) of the by-laws of the Supervisory Board of Deutsche Börse AG, the Audit and Finance Committee comprises at least four members of the Supervisory Board.

See the Report of the Supervisory Board for details of the committee's activity.

Technology Committee

The Supervisory Board Technology Committee advises the Supervisory Board of Deutsche Börse AG on all issues relating to the organizational development of Deutsche Börse AG’s information and data processing activities, as well as those of its affiliated companies.

The Technology Committee principally consists of four members, who are elected by the Supervisory Board.

See the Report of the Supervisory Board for details of the committee's activity.

Clearing and Settlement Committee

The Clearing and Settlement Committee advises the Supervisory Board in the following areas:

• Monitoring major regulatory trends at national and European level and forecasting the effect of these trends on Deutsche Börse Group
• Supporting Deutsche Börse Group’s STP initiatives
• Assessment of measures to improve Deutsche Börse Group’s competitiveness in terms of its settlement and custody function.

The Clearing and Settlement Committee principally consists of four members, who are elected by the Supervisory Board.

See the Report of the Supervisory Board for details of the committee's activity.

Nomination Committee

The Nomination Committee is composed exclusively of shareholder representatives and advises the Supervisory Board in the following areas:

• Its task is to propose suitable candidates to the Supervisory Board for recommendation to the General Meeting.

• For nominations for the election of members of the Supervisory Board, the Nomination Committee will take care that the Supervisory Board, at all times, is composed of members who, as a whole, have the required knowledge, abilities and expert experience to properly complete their tasks and are sufficiently independent.

• With that the Nomination Committee contributes to the improvement of the efficiency of the candidates and of the transparency of the selection process.

The Nomination Committee consists of three members. The shareholder representatives of the Personnel Committee also act as members of the Nomination Committee.