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The supervisory board monitors the board of management
© Marcus Buck / Munich Re

Supervisory Board

The Supervisory Board monitors the Board of Management and advises the Board on all matters of importance for the Group. The Supervisory Board approves the Company and Group financial statements, and in particular is responsible for appointing the auditor.

Remuneration of the Supervisory Board

Remuneration system

The remuneration system for the Supervisory Board was submitted to the Annual General Meeting on 28 April 2021 for approval under agenda item 7. The Annual General Meeting approved the remuneration system with a large majority of 98.48%.

The remuneration system complies with the relevant company and supervisory law requirements, in particular the Act Implementing the Second Shareholders' Rights Directive ("ARUG II") and the German Corporate Governance Code.

Remuneration report

The remuneration report drawn up by the Board of Management and the Supervisory Board for the financial year 2021 in accordance with Section 162 of the German Stock Corporation Act (AktG) will be submitted to the Annual General Meeting on 28 April 2022 under agenda item 6 for approval.