Source: http://www.fiz-karlsruhe.de/13694.98.html?no_cache=1&L=1.&cHash=5c889206629c801d46dfa83cf2a84916
Timestamp: 2013-06-19 14:00:43
Document Index: 606963049

Matched Legal Cases: ['art. 6', 'art. 10', 'art. 14', 'art. 10', 'art. 286', 'art. 2', 'art. 4', 'art. 5', 'art. 5', 'art. 5', 'art. 7', 'art. 2']

In accordance with art. 6.1. of the Public Corporate Governance Code, the President & CEO and the Supervisory Board of FIZ Karlsruhe hereby confirm that most of the recommendations of the PCGC were complied with in 2011. Cases where we chose to proceed differently are explained in the report.1. Management and Supervisory Bodies1.2 Supervisory BoardPursuant to art. 10 of the Articles of Association (as per April 28, 2009), the Supervisory Board consists of 16 members. The chairperson and three more members are appointed by the Federal Republic of Germany in its function as a shareholder. The deputy chairperson and three more members are appointed by the Federal States. Additional members of the Supervisory board are: five representatives of the other shareholders, one member of the Scientific Advisory Board and two members from FIZ Karlsruhe's scientific or technical staff. In 2011, one of the four seats in the Supervisory Board, reserved for representatives of the Federal Republic of Germany, was vacant. Three of the 15 Supervisory Board members (20 %) were women. 1.2 President & CEO and Senior ManagementThe company has a President & CEO who is authorized to act as the company's sole representative. This corresponds to the provisions of art. 14, para. 1 of the Articles of Association. The President & CEO is supported by the Senior Management Team which consists of the Vice Presidents. The Vice President IT, Development and Applied Research and the Head of Finance are Prokuristen (authorized signatories). This arrangement has proven successful in our business operations.1.3 Collaboration of shareholders, Supervisory Board, and the President & CEOShareholders, Supervisory Board, and the President & CEO collaborate closely and trustfully in fulfilling their tasks for the benefit of FIZ Karlsruhe.The President & CEO makes sure that shareholders and Supervisory Board are informed in detail about all relevant topics (in particular strategy, business development, risk management and current risks) on a regular basis and in a timely manner. 2. Remuneration2.1 Supervisory BoardThe members of the Supervisory Board are not entitled to any remuneration or attendance money (art. 10 of the Articles of Association). They are only entitled to a refund of a reasonable amount of travel and other expenses incurred in connection with carrying out the duties of their office, in accordance with the rules for federal employees.2.2 President & CEOPublishing the salary of the President & CEO is not part of her employment contract, which was concluded before the Public Corporate Governance Code came into effect. Thus, for privacy reasons, they will not be published (art. 286 para. 4 HGB - German Commercial Code).3. Revision of the Articles of AssociationAlthough FIZ Karlsruhe follows the recommendations of the PCGC set out in art. 2.3 (preparation and implementation of the general meeting of shareholders), 3.1.1 (collaboration of the management with the supervisory body), 3.1.3 (regular reports to be submitted), 3.2.1 (confidentiality) and 5.2.3 (regulations governing representation of the Supervisory Board members) compliance with these recommendations has not yet been anchored in the Articles of Association. It is planned to incorporate the requirement to comply with the PCGC in the course of the revision of the Articles of Association, which is currently underway. This will also ensure that the stipulations regarding severance payments (art. 4.3.2.), the first appointment of members of the management (art. 5.1.2), the appointment of new Supervisory Board members (art. 5.2.1), the participation in Supervisory Board meetings (art. 5.2.3), and examining the PCGC report within the scope of the audit of the annual financial statement (art. 7.2.3) will become applicable.___________________1Articles of Association, art. 2 (1)2Based on the "Ausführungsvereinbarung zum GWK-Abkommen über die gemeinsame Förderung der Mitgliedseinrichtungen der Wissenschaftsgemeinschaft Gottfried Wilhelm Leibniz e. V. (AV WGL)" dated October 27, 2008.3The present report refers to the PCGC as of June 30, 2009.Public Corporate Governance Report 2010