It has 18 members, with eight members representing former Daimler-Benz and eight representing former Chrysler. That objective is carried out with the corporate structure of DaimlerChrysler. In general, members of the Management Board are appointed for five-year terms. Their contracts may be renewed. The DaimlerChrysler Supervisory Board oversees the Management Board.
German law provides for employees to serve on corporate boards.
Three DaimlerChrysler Supervisory Board seats are reserved for nominees of IG Metall, the German metalworkers union. Supervisory Board terms last nearly five years. The current chairman of the Supervisory Board is Hilmar Kopper, who is chairman of Deutsche Bank. He will chair the Supervisory Board until at least two years. The final exchange ratio was 1.005 to 1 for Daimler-Benz shareholders and 0.6235 to 1 for Chrysler shareholders.