The Supervisory Board has set up three committees: The Audit Committee, Management Committee and Strategy Committee.
Since 30 August 2018, the Audit Committee consists of Chairwoman Dr. Renate Neumann-Schäfer, her deputy Peter Leischner, and members Heinz Grund and Andreas Müller (previously: Chairwoman Waltraud Hertreiter, deputy Peter Leischner, members Heinz Grund and Heiko Stallbörger). In accordance with the procedural rules, the Audit Committee is tasked with and has authorisation for dealing with matters concerning, in particular, accounting, risk management, compliance, the requirement for the auditor to be independent, commissioning an auditor for the audit, establishing focal points for the audit and agreeing a fee. It prepares decisions on these issues on behalf of the Supervisory Board and provides recommendations for consideration when resolutions are being passed. Finally, in behalf of the Supervisory Board, it is within the Audit Committee's responsibility to approve the assignment of counseling services of the auditor that was elected by the AGM (transactions of the Executive Board requiring approval). The chairwoman of the Audit Committee presides over Audit Committee meetings. If an issue is put to the vote and the result is a tied vote, the chairwoman has the deciding vote. The Audit Committee met four times in 2017.
Since August 30 2018,the Management Committee consists of Chairman Peter Leischner, his deputy Heike Dannenbauer, and members Klaus Erker and Rudolf Meier (previously: Chairman Heiko Stallbörger, deputy Heike Dannenbauer, members Klaus Erker and Rudolf Meier). In accordance with the procedural rules, the Management Committee provides recommendations for initial or renewed appointments as well as dismissals of members of the Executive Board and the Chairman of the Executive Board to the Supervisory Board plenary session. In addition, it prepares the decisions with regard to remuneration for the Supervisory Board plenary session and proposes remuneration packages for each of the members of the Executive Board. In line with the resolutions passed by the Supervisory Board plenary session, the Committee also negotiates and decides on all contractual matters of the members of the Executive Board and signs contracts with them on behalf of the Supervisory Board. Finally, and on behalf of the Supervisory Board, the Management Committee is responsible for the approval of transactions with members of the Executive Board and the Supervisory Board and their related individuals if the transaction value exceeds EUR 5,000 (transaction of the Executive Board requiring approval). The Chairman of the Management Committee presides over the Management Committee meetings. If an issue is put to vote and the result is a tied vote, the Chairman has the deciding vote. In 2017, the Management Committee held four meetings (one of them being held as a conference call) and additionally met two times to arrange the succession of the Executive Board.
Until 30 August 2018, the Strategy Committee consisted of Chairman Heiko Stallbörger, his deputy Peter Leischner, and members Heike Dannenbauer and Heinz Grund. In accordance with the procedural rules, it attends to matters delegated to it by the Supervisory Board and measures concerning the company's strategic and fundamental approach and their implementation. Following the approval of the Supervisory Board at the end of 2016, the Strategy Committee concluded that all delegated tasks have been accomplished. The Strategy Committee has thus ceased its activities until it is recommissioned. At the beginning of 2017, all members of the Strategy Committee waived their separate Committee remuneration until they are commissioned again. This also has been approved by the Supervisory Board.