Topics discussed by the Supervisory Board
At the Supervisory Board meeting on February 22, 2013 we approved, after a detailed examination, the consolidated financial statements prepared by the Board of Management and the annual financial statements of Volkswagen AG for 2012, as well as the combined management report. We also examined the dependent company report submitted by the Board of Management and came to the conclusion that there were no objections to be raised to the concluding declaration by the Board of Management in the report. Other items on the agenda included the revision of the rules governing the variable remuneration for the Board of Management, the approval of the decision on the location of a new production facility for the Shanghai-Volkswagen Automotive Company joint venture in South China and strategic financing measures at the Volkswagen Group. We also issued a supplementary declaration to the declaration of conformity with the German Corporate Governance Code dated November 23, 2012 at this meeting.
At the meetings on April 24 and 25, 2013 we prepared for, and performed a follow-up evaluation of, the 53rd Annual General Meeting of Volkswagen AG on April 25, 2013 and the conclusion of a control and profit and loss transfer agreement with MAN SE. We also resolved on the composition of the Executive Committee of the Supervisory Board.
Among other things, we approved the issue of a mandatory convertible note in resolutions that were adopted by circulating written documents in June 2013.
At the Supervisory Board meeting on September 20, 2013, we primarily discussed strategic issues and received a comprehensive status report on the control and profit and loss transfer agreement with MAN SE.
The Supervisory Board meeting on November 22, 2013 addressed in detail, and subsequently approved, the Volkswagen Group’s investment and financial planning for the period from 2014 to 2018. Other topics dealt with at the meeting included in particular the annual declaration of conformity with the German Corporate Governance Code and increasing the standard age limit for proposals for elections to the Supervisory Board.