Supervisory Board

Tasks and responsibilities of the Supervisory Board

As a German stock corporation, the management of AWD Holding AG features the dual structure of management and supervision as laid down with binding effect by the German Stock Corporation Act (“Aktiengesetz”, often abbreviated as “AktG”). The Supervisory Board appoints, monitors and advises the Board of Management and is directly involved in decisions of fundamental importance for the company. For the proper exercise of their functions, the Supervisory Board and the Board of Management operate in close coordination, with due consideration of their differing functions. The work of the Supervisory Board is regulated by a set of rules of procedure, or byelaws. For the optimal performance of its duties, the Supervisory Board is authorized to form committees from among its own members. The Report of the Supervisory Board provides information on the main work of the Supervisory Board and on the collaboration between the Supervisory Board and the Board of Management. As representatives of the shareholders, the members of the Supervisory Board are elected by the Annual General Meeting.

Members of the Supervisory Board

The Supervisory Board of AWD Holding AG consists of the mentioned members.