BMW 2009 Annual Report Download - page 12

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in 2009 to agree on the names of candidates and recommendations to be put forward to the full Supervisory
Board.
The statutory Mediation Committee (§ 27 (3) of the Law on Worker Participation) was not required to convene
during
the financial year 2009.
The relevant chairmen reported regularly and in depth at Supervisory Board meetings on the status of Presiding
Board and committee work.
Changes in the composition and organisation of the Board of Management The management team comprising
seven persons was unchanged in 2009 in terms of composition and portfolio responsibilities. The Supervisory
Board extended mandates in two cases.
Changes in the composition of the Supervisory Board, Presiding Board and committees 17 members of the
Supervisory Board commenced their new term of office at the end of the Annual General Meeting 2009. The ten
employee representatives elected at the meeting of Workers’ Delegates held on 3 March 2009 in accordance with
applicable co-determination regulations – Bertin Eichler, Willibald Löw, Werner Neugebauer, Franz Oberländer,
Anton Ruf, Stefan Schmid, Maria Schmidt, Manfred Schoch, Werner Zierer and, for the first time, Horst Lischka –
took up office alongside the shareholders’ representatives elected individually at the Annual General Meeting
held on 14 May 2009. The following representatives were elected at the Annual General Meeting: Franz Markus
Haniel, Susanne Klatten, Wolfgang Mayrhuber, Stefan Quandt, Professor Dr. Jürgen Strube and myself, and one
new representative, Dr. Robert Lane. The mandates of Ulrich Eckelmann and Professor Dr. rer. nat. Dr. h. c. mult.
Hubert Markl came to an end at the conclusion of the Annual General Meeting. Mr. Eckelmann had been an em-
ployee representative on the Supervisory Board for more than eleven years, Professor Markl a shareholders’ repre-
sentative on the Supervisory Board for almost 15 years. On behalf of the Supervisory Board, I would like to thank
both gentlemen for their commendable work and their constructive, steadfast years of service to the BMW Group.
After the Annual General Meeting 2009, the Presiding Board and committees were constituted anew. I was elected
unanimously as Chairman, Mr. Manfred Schoch as First Deputy Chairman and Messrs. Stefan Quandt, Stefan
Schmid and Professor Dr. Jürgen Strube as further Deputy Chairmen. In accordance with the recommendations
of the GCGC, I had it made known on the BMW Group’s website in conjunction with the invitation of shareholders
to the Annual General Meeting, and again before election at that meeting, that, should I be re-elected to the Su-
pervisory Board, I would stand again for the position of Chairman. The Supervisory Board passed a resolution that
the Presiding Board should at the same time take over the function of the Personnel Committee and the Audit
Committee. The shareholders’ representatives on the Supervisory Board elected Stefan Quandt and Professor
Dr. Jürgen Strube as members of the Nomination Committee. By virtue of my position as Chairman of the Super-
visory Board, in accordance with the applicable terms of reference, I assumed the chair of both the Nomination
Committee
and the Personnel Committee, in line with the recommendation of the GCGC. As a result of his exper-
tise in the fields of financial reporting and internal control procedures, Professor Dr. Jürgen Strube was re-elected
(as an independent member of the Supervisory Board) to chair the Audit Committee. Together with myself and
the First Deputy Chairman of the Supervisory Board, Messrs. Stefan Quandt and Stefan Schmid were elected
members of the Mediation Committee.
The work procedures of the Supervisory Board committees are described in detail in the corporate governance
section of the Annual Report. This also includes an overview of the structure of the Supervisory Board and its
committees.
Examination of financial statements and the profit distribution proposal KPMG AG Wirtschaftsprüfungsgesell-
schaft, Berlin, conducted a review of the abridged Interim Group Financial Statements and Interim Group Manage-