Share Price EUR 89,75 17:02 GMT 17.04.2014

Independence Supervisory Board

In defining the criteria for the assessment of the independence the Supervisory Board has followed the guidelines of the Austrian Corporate Governance Codex (Annex 1):

  • The supervisory board member shall not maintain or have maintained in the past year any business relations with the company or one of its subsidiaries to an extent of significance for the member of the supervisory board. This shall also apply to relationships with companies in which a member of the supervisory board has a considerable economic interest. The approval of individual transactions by the supervisory board pursuant to L-Rule 48 does not automatically mean the person is qualified as not independent.

  • The supervisory board member shall not have acted as auditor of the company or have owned a share in the auditing company or have worked there as an employee in the past three years.
  • The supervisory board member shall not be a member of the management board of another company in which a member of the management board of the company is a supervisory board member.

  • The supervisory board member shall not be a closely related person (direct offspring, spouses, life partners, parents, uncles, aunts, sisters, nieces, nephews) of a member of the management board, the senior management, auditors, or employee of the auditing company.

  

With regard to these criteria, all members of the Supervisory Board declared to be
independent. Consequently, this applies also to the committees of the Supervisory Board.