Deutsch Search Activities Careers News & Media Sustainability Investor Relations About HOCHTIEF Home About HOCHTIEF Supervisory Board Independent expertise and control Supervisory Board HOCHTIEF’s Supervisory Board consists of eight shareholder representatives and eight employee representatives respectively. According to legislation and HOCHTIEF’s Articles of Association, the Supervisory Board is particularly responsible for advising the Executive Board in the management of the company and monitoring the measures of the Executive Board. On this page Mode of Operation of Supervisory Board Supervisory Board members Independence of shareholder representatives Supervisory Board committees Mode of Operation of Supervisory Board The Supervisory Board oversees and advises the Executive Board in heading up the corporation's business. The Supervisory Board is involved in all decisions of fundamental importance to the company. At regular intervals the Supervisory Board discusses business development and planning, strategy and implementation. The Supervisory Board approves the Consolidated Financial Statements of HOCHTIEF Aktiengesellschaft and the Group, with due consideration for auditing reports from the CPA performing the final audit and the recommendation of the Audit Committee. The Supervisory Board makes decisions by resolution. When the Supervisory Board votes, the Chairman has the casting vote, according to the rules of the Codetermination Act, if a second round of voting also ends in a draw. Supervisory Board members Shareholders Pedro López Jiménez (Chairman) Ángel García Altozano Beate Bell José Luis del Valle Pérez Dr. rer. pol. h.c. Francisco Javier Garcia Sanz Patricia Geibel-Conrad Luis Nogueira Miguelsanz Christine Wolff Employee representatives Matthias Maurer (Deputy Chairman) Fritz Bank Christoph Breimann Carsten Burckhardt Natalie Drews Nikolaos Paraskevopoulos Nicole Simons Klaus Stümper According to the bylaws of the Supervisory Board, the Board shall institute the following committees: Nomination Committee Human Resources Committee Audit Committee Mediation Committee The committee chairs reports regularly to the Supervisory Board concerning the work of their committees. Independence of shareholder representatives The shareholder representatives on the Supervisory Board stipulated the appropriate number of independent members of the shareholder side within the meaning of the German Corporate Governance Code. According to this, more than half of the shareholder representatives shall be independent of the Company and the Executive Board. At least two shareholder representatives ought to be independent of the controlling shareholder. In the current composition of the Supervisory Board, more than half of the shareholder representatives are independent of the Company and the Executive Board (Mr. Pedro López Jiménez, Mrs. Beate Bell, Mr. José Luis del Valle Pérez, Mr. Dr. Francisco Javier Garcia Sanz, Mrs. Patricia Geibel-Conrad, Mr. Luis Nogueira Miguelsanz, Mrs. Christine Wolff). In addition to that four shareholder representatives are independent of the controlling shareholder. These are the three ladies mentioned above and Mr. Garcia Sanz. Supervisory Board committees Nomination Committee Pedro López Jiménez (Chairman) José Luis del Valle Pérez Christine Wolff Human Resources Committee Pedro López Jiménez (Chairman) Beate Bell José Luis del Valle Pérez Christine Wolff Carsten Burckhardt Natalie Drews Klaus Stümper Audit Committee Ángel García Altozano (Chairman) José Luis del Valle Pérez Patricia Geibel-Conrad Luis Nogueira Miguelsanz Fritz Bank Matthias Maurer Nicole Simons Klaus Stümper (Deputy) Mediation Pedro López Jiménez (Chairman) Beate Bell Matthias Maurer Nikolaos Paraskevopoulos Committee description Nomination Committee Human Resources Committee Audit Committee Mediation This might also interest you Executive Board of HOCHTIEF Transparency and integrity as success factors—Corporate Governance at HOCHTIEF Since 1873: The history of HOCHTIEF Code of Procedure for the Supervisory Board of HOCHTIEF Aktiengesellschaft HOCHTIEF-Share 000,00 0,0% Share price minimum 15 minutes delayed 00.00.0000/00:00 Dataprotection Imprint We build Berlin New York Sydney Hamburg Prag Expertise Construction Services and mining PPP and concessions Homepage Activities Careers News & Media Sustainability Investor Relations About HOCHTIEF Follow us © HOCHTIEF Aktiengesellschaft 2021