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Report of the Supervisory Board
Report of the Supervisory Board
During the year under review, which was again dominated by the COVID-19 pandemic, Deutsche Börse AG’s Supervisory Board discussed the company’s position and prospects in depth. We performed the tasks assigned to us by law and the company’s Articles of Association and bylaws. We have advised the Executive Board regularly on its management of the company and monitored its work. We were involved in all decisions of fundamental importance.
In the 2021 financial year, we advised on the implementation of the Group’s Compass 2023 strategy and the development of the new IT strategy 2023+. Environmental, social and governance (ESG) topics were another focus of our work. We looked at the strategic significance of ESG for Deutsche Börse Group and made ESG a formal element of our governance. ESG is also a core component of the new remuneration system for the Executive Board, which was approved by a large majority at the Annual General Meeting in 2021, and which we can now report on with the corresponding transparency. The acquisition of Institutional Shareholder Services, Inc. (ISS), a leading global provider of ESG data, was also completed at the start of the financial year. We were also regularly involved in an advisory capacity in Deutsche Börse Group’s other activities to buy and sell companies and parts thereof. The Executive Board informed us on an ongoing basis about the impact of the COVID-19 pandemic on Deutsche Börse Group.
At our meetings, the Executive Board provided us with comprehensive and timely information in accordance with the legal requirements. The high frequency of plenary and committee meetings and workshops ensured an intensive exchange of information between the Supervisory Board and the Executive Board. In addition, the CEO kept the Chair of the Supervisory Board continuously and regularly informed of the current developments affecting the company’s business, significant transactions, upcoming decisions and the long-term outlook, and discussed these issues with him.
We held a total of twelve plenary meetings during 2021, including five extraordinary meetings and one constitutive meeting. Five Supervisory Board workshops also took place on the subjects of technology (March and June), strategy (April), compliance (June) and risk (September) as part of the regular training and professional development measures for Supervisory Board members. All meetings and workshops were carried out as planned despite the travel and social restrictions due to the COVID-19 pandemic, thanks to strict hygiene measures.
The average attendance rate for all Supervisory Board members at the plenary and committee meetings was 99 per cent during the year under review.
The Supervisory Board members’ detailed attendance record is as follows:
Attendance of Supervisory Board members at meetings in 2021
Name | Meetings (plenary and committees) | Attendance at plenary meetings | Attendance at committee meetings | % |
Martin Jetter (Chair) | 21 | 12/12 | 9/9 | 100 |
Markus Beck (Deputy Chair since 8 Dec 2021) | 22 | 12/12 | 10/10 | 100 |
Jutta Stuhlfauth (Deputy Chair until 17 Nov 2021) | 20 | 11/11 | 8/9 | 95 |
Nadine Absenger | 17 | 12/12 | 5/5 | 100 |
Katrin Behrens (since 17 Nov 2021) | 1 | 1/1 | 0/0 | 100 |
Karl-Heinz Flöther | 16 | 12/12 | 4/4 | 100 |
Andreas Gottschling | 26 | 12/12 | 14/14 | 100 |
Anja Greenwood (since 17 Nov 2021) | 3 | 1/1 | 2/2 | 100 |
Oliver Greie (from 19 May 2021 to 17 Nov 2021) | 8 | 5/5 | 3/3 | 100 |
Susann Just-Marx | 18 | 12/12 | 6/6 | 100 |
Achim Karle | 18 | 12/12 | 5/6 | 94 |
Cornelis Kruijssen (until 17 Nov 2021) | 19 | 11/11 | 8/8 | 100 |
Barbara Lambert | 23 | 12/12 | 11/11 | 100 |
Michael Rüdiger | 25 | 12/12 | 13/13 | 100 |
Peter Sack (since 17 Nov 2021) | 3 | 1/1 | 2/2 | 100 |
Carsten Schäfer (until 17 Nov 2021) | 15 | 11/11 | 4/4 | 100 |
Charles Stonehill | 18 | 12/12 | 6/6 | 100 |
Clara-Christina Streit | 16 | 12/12 | 4/4 | 100 |
Chong Lee Tan (since 19 May 2021) | 7 | 6/6 | 1/1 | 100 |
Gerd Tausendfreund (until 19 May 2021) | 8 | 6/6 | 2/2 | 100 |
Daniel Vollstedt (since 17 Nov 2021) | 2 | 1/1 | 1/1 | 100 |
Amy Yip (until 19 May 2021) | 11 | 4/6 | 5/5 | 82 |
Average attendance rate | 99 |
1) Attending workshops is optional for Supervisory Board members. Workshop attendance is therefore not taken into account in the determination of the average attendance rate.