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ePaper created 2015-05-06, 08:22:31 | version 1.38.0
8 Dr. Jürgen Heraeus Dear shareholders, Dear readers, In 2014, the Supervisory Board diligently performed the monitoring and advisory duties incumbent upon it by law, the articles of association and the rules of procedure, closely overseeing and advising on the activities of the Board of Management throughout the year. In three meetings the Board of Management provided us with a summary of developments and prospects in the individual business groups and in the Group as a whole. We dis cussed in detail all fundamental matters of corporate policy, organization, and strategy with the Board of Management at these meetings, including in particular the Group’s risk situation and risk management systems, compliance issues, and Group Internal Audit. In addition, we conducted in-depth reviews of business transactions requiring Supervisory Board approval in accordance with the law and the articles of association at these three meetings. The Supervisory Board voted on the reports and recommendations of the Board of Management, in so far as this was required by law and the articles of association, after having comprehensively reviewed and discussed them. In addition to the meetings mentioned above, the Chairman of the Supervisory Board maintained regular contact with the Board of Management. He was regularly and comprehensively informed of significant business Report of the Supervisory Board