Service Navigation
Report of the Supervisory Board
Report of the Supervisory Board
During the year under review, Deutsche Börse AG’s Supervisory Board discussed the company’s position and prospects in depth. We performed the tasks assigned to us by law and the company’s Articles of Association and bylaws. We have advised the Executive Board regularly on its management of the company and monitored its work. We were involved in all decisions of fundamental importance. Our work was impacted again by the Covid-19 pandemic, but above all by Russia’s war of aggression against Ukraine. This war is not only an attack on fundamental values, with terrible consequences for the people directly and indirectly affected by it. It also poses extreme challenges for our economic and financial system.
In 2022, we advised on the continued implementation of the Group’s Compass 2023 strategy and the IT strategy 2023+. From the beginning of the war of aggression against Ukraine on 24 February 2022, we were also closely involved in the analysis of its effects and potential risks for Deutsche Börse Group. Another key area of our work again concerned environmental, social and governance matters (ESG). In the Supervisory Board, we looked at the importance of ESG for Deutsche Börse Group as a whole, the business opportunities it presents and the progress made in each respective area. ESG is also a core component of the remuneration system for the Executive Board, which was revised in 2021. The report on its implementation was approved by a large majority at the Annual General Meeting 2022. We discussed fundamental strategic options on a regular basis. In an advisory capacity, we were also involved in Deutsche Börse Group’s activities to buy and sell companies and parts thereof. The Executive Board informed us on an ongoing basis about the impact of the Covid-19 pandemic on Deutsche Börse Group.
At our meetings, the Executive Board provided us with comprehensive and timely information in accordance with the legal requirements. The high frequency of plenary and committee meetings and workshops ensured an intensive exchange of information between the Supervisory Board and the Executive Board. In addition, the CEO kept the Chair of the Supervisory Board informed continuously and regularly concerning the current developments affecting the company’s business, significant transactions, upcoming decisions and the long-term outlook and discussed these issues with him.
We held seven plenary meetings during 2022, including one extraordinary meeting after the Annual General Meeting on 18 May 2022 to resolve on the composition of the committees of the Supervisory Board. Four workshops were also held on the subjects of ESG (March), corporate governance (March), compliance (September) and technology (September) as part of the regular training and professional development measures for Supervisory Board members. Despite the travel and social restrictions due to the Covid-19 pandemic, which were still in force at the start of the reporting year, all the meetings and workshops were able to take place as planned, with appropriate hygiene measures and by enabling Supervisory Board members to attend by video or conference call.
Two out of a total of 28 meetings by the Supervisory Board and its committees were held exclusively as video or conference calls in the reporting year.
The average attendance rate for all Supervisory Board members at the plenary and committee meetings was 99 per cent during the year under review. An average of 34 per cent was in the form of virtual attendance.
The individual Supervisory Board members attended meetings in person or virtually as follows:
Attendance of Supervisory Board members at meetings in 2022
Name | Meetings in total (thereof virtual attendance1) | Attendance at plenary meetings (thereof virtual attendance) | Attendance at committee meetings (thereof virtual attendance) | Attendance in % |
Martin Jetter (Chair) | 14/14 (2) | 7/7 (0) | 7/7 (2) | 100 (14) |
Markus Beck (Deputy Chair) | 14/14 (3) | 7/7 (2) | 7/7 (1) | 100 (21) |
Katrin Behrens (until 28 Apr 2022) | 4/5 (4) | 2/2 (2) | 2/3 (2) | 80 (100) |
Nadine Brandl | 11/11 (7) | 7/7 (4) | 4/4 (3) | 100 (64) |
Karl-Heinz Flöther (until 19 May 2022) | 4/4 (2) | 3/3 (2) | 1/1 (0) | 100 (50) |
Andreas Gottschling | 21/21 (7) | 7/7 (3) | 14/14 (4) | 100 (33) |
Anja Greenwood | 13/13 (7) | 7/7 (4) | 6/6 (3) | 100 (54) |
Oliver Greie (since 29 Apr 2022) | 8/8 (2) | 5/5 (2) | 3/3 (0) | 100 (25) |
Shannon A. Johnston (since 18 May 2022) | 7/7 (1) | 4/4 (1) | 3/3 (0) | 100 (14) |
Susann Just-Marx | 17/17 (9) | 7/7 (5) | 10/10 (4) | 100 (53) |
Achim Karle | 16/16 (4) | 7/7 (3) | 9/9 (1) | 100 (25) |
Barbara Lambert | 17/17 (4) | 7/7 (3) | 10/10 (1) | 100 (24) |
Michael Rüdiger | 18/18 (5) | 7/7 (1) | 11/11 (4) | 100 (28) |
Peter Sack | 13/13 (5) | 7/7 (3) | 6/6 (2) | 100 (38) |
Charles Stonehill | 13/13 (2) | 7/7 (2) | 6/6 (0) | 100 (15) |
Clara-Christina Streit | 12/12 (7) | 7/7 (4) | 5/5 (3) | 100 (58) |
Chong Lee Tan | 9/9 (3) | 7/7 (3) | 2/2 (0) | 100 (33) |
Daniel Vollstedt | 15/15 (2) | 7/7 (2) | 8/8 (0) | 100 (13) |
Average attendance rate2) | 99 (34) |
1) Virtual attendance was used in some cases, especially to reduce CO2 emissions from travel as well as to be able to attend meetings despite quarantine requirements in place.
2) Attending workshops is optional for Supervisory Board members. Workshop attendance is therefore not taken into account in the determination of the average attendance rate.