Report of the Supervisory Board
Report of the Supervisory Board
In the reporting period, Deutsche Börse AG’s Supervisory Board discussed the company’s position and prospects in depth, performing the tasks assigned to it by law and the company’s Articles of Association and bylaws. We regularly advised the Executive Board on its management of the company and monitored its work, and were involved in all fundamental decisions. One of the main focuses of our work in 2016 was the planned merger between Deutsche Börse AG and London Stock Exchange Group plc – a key strategic move for the company.
We held a total of 13 plenary meetings in 2016, including seven extraordinary meetings. A strategy workshop and two technology workshops also took place.
At our meetings, the Executive Board provided us with comprehensive and timely oral and written information in line with the legal requirements. This information covered the course of business as well as the company’s and the Group’s position (including the risk situation, risk management and compliance), as well as the enterprise’s strategy and planning. We discussed all significant transactions for the enterprise in the plenary meetings and in the Supervisory Board committees, based on the reports provided by the Executive Board. The large number of plenary and committee meetings ensured an active exchange of information between the Supervisory Board and the Executive Board. The Executive Board also submitted written reports on individual issues between meetings and discussed individual topics with us. In addition, the CEO kept the Chairman of the Supervisory Board continuously informed of current developments affecting the company’s business, significant transactions and upcoming decisions, as well as of the long-term outlook and thinking on emerging trends, and discussed these issues with him.
The Executive Board submitted all measures requiring Supervisory Board approval by law and under the company’s Articles of Association and bylaws to the Supervisory Board, which then approved them. The Supervisory Board also satisfied itself in other respects that the Executive Board’s actions were lawful, due and proper, and appropriate.
All members of the Supervisory Board attended more than half the meetings of the Supervisory Board and of the committees of which they were members in 2016. The average attendance rate for all Supervisory Board members in the reporting period was 95 per cent.
The Supervisory Board members’ detailed attendance record for plenary Supervisory Board and committee meetings was as follows:
2016 meeting attendance record for Supervisory Board members
|Name||Meetings (incl. committees)1)||Meetings attended||%|
|Ann-Kristin Achleitner (since 11 May 2016)||11||11||100|
|Gerhard Roggemann (until 11 May 2016)||11||9||82|
|Average attendance rate||95|
1) Since attendance at workshops is voluntary for Supervisory Board members such workshops are not taken into account when calculating the average attendance rate.
- The company
- Corporate Governance
- Share and bonds
- Financial reports
- News and services
- Potential merger