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  • Implementation Progress: The Company Shares and Bonds

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    Catrinoiu Petre
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    The document summarizes the composition and independence of Henkel's Supervisory Board. It notes that the board meets statutory gender quotas with 10 men and 6 women. Of the 8 shareholder representatives, 4 are considered independent from the controlling shareholder. The board believes it has the necessary knowledge, skills, and experience to perform its duties effectively. None of the shareholder representatives have conflicts of interest that would compromise their independence.

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    The document summarizes the composition and independence of Henkel's Supervisory Board. It notes that the board meets statutory gender quotas with 10 men and 6 women. Of the 8 shareholder representatives, 4 are considered independent from the controlling shareholder. The board believes it has the necessary knowledge, skills, and experience to perform its duties effectively. None of the shareholder representatives have conflicts of interest that would compromise their independence.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    19 views1 page

    Implementation Progress: The Company Shares and Bonds

    Uploaded by

    Catrinoiu Petre
    The document summarizes the composition and independence of Henkel's Supervisory Board. It notes that the board meets statutory gender quotas with 10 men and 6 women. Of the 8 shareholder representatives, 4 are considered independent from the controlling shareholder. The board believes it has the necessary knowledge, skills, and experience to perform its duties effectively. None of the shareholder representatives have conflicts of interest that would compromise their independence.

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    © All Rights Reserved
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    of 1

    Henkel Annual Report 2019 46

    Implementation progress Four of the eight shareholder representatives – Barbara Kux,


    The Company
    In addition to the statutory minimum quota, the Supervisory Timotheus Höttges, Prof. Dr. Michael Kaschke and Prof. Dr.
    Shares and bonds Board believes that these aforementioned requirements were Theo Siegert – are not party to the Henkel family share-pooling
    met in full in the reporting period. agreement; under GCGC 2019, they are therefore also consid-
    Corporate governance ered independent from the controlling shareholder. Apart
    Among the 16 members of the Supervisory Board are ten men from Dr. Simone Bagel-Trah, none of the shareholder represen-
    Combined management report
    and six women. Shareholder representatives consist of six tatives in office is a member of the Shareholders’ Committee
    Consolidated financial statements men and two women, while the employee representatives con- or the Supervisory Board of Henkel Management AG.
    sist of four men and four women. This represents an overall
    Further information ratio on the Supervisory Board of around 62 percent men and Accordingly, the Supervisory Board considers a reasonable
    38 percent women. number of its members to be independent.

    Overall, the Supervisory Board believes it has the knowledge, For more details on the composition of the Management
    skills and professional experience needed to properly and Board, Supervisory Board and the Shareholders’ Committee or
    effectively perform its duties. In addition, several shareholder the (sub)committees established by the Supervisory Board and
    representatives on the Supervisory Board offer international Shareholders’ Committee, please refer to pages 245 to 248.
    business experience or other international expertise. No Members’ vitae can be found on the website: www.henkel.com.
    shareholder representative exceeded the specified maximum Details of the compensation of the Management Board, the
    age at the time of their election. Supervisory Board and the Shareholders’ Committee can be
    found in the remuneration report that follows.
    None of the shareholder representatives nor close family
    members of a shareholder representative is a former Manage-
    ment Board member, or performs board or committee func-
    tions or acts as a consultant for major competitors, and none
    are persons whose business or personal relationship with the
    corporation or members of the Management Board could give
    rise to material conflicts of interest that are not of a merely
    temporary nature. None of the shareholder representatives
    had been on the Supervisory Board for more than twelve years
    in the year under review. According to the precepts of the
    GCGC, therefore, the shareholder representatives are indepen-
    dent from the corporation and the Management Board:

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