Pallet-Management-Services - AFM

The Supervisory Board can draw up a rotation schedule for the
Managing Directors.
The Board of Managing Directors meets as often as a Managing
Director requests a meeting. In the meeting of the Board of
Managing Directors each Managing Director has a right to cast
one (1) vote. All resolutions by the Board of Managing Directors
shall be adopted by an absolute majority of the votes cast.
The Board of Managing Directors shall timely provide the
Supervisory Board with any such information as may be
necessary for the Supervisory Board to perform its duties.
Supervisory Board
| CORPORATE | REPORT OF THE SUPERVISORY BOARD / CORPORATE GOVERNANCE / BOARD STRUCTURE |
According to the articles of association:
The Company has a Supervisory Board, consisting of at least
three (3) natural persons, the precise number of whom is
determined by the General Meeting of Shareholders. Presently
the Supervisory Board consists of six (6) natural persons.
The Supervisory Board Directors are appointed by the General
Meeting of Shareholders for a maximum term of four (4) years,
provided that, unless a Supervisory Board Director retires earlier,
his appointment term expires on the day of the next General
Meeting of Shareholders to be held in the fourth year after the
year of his appointment. At expiration of this term a Supervisory
Board Director can be reappointed with due observance of
the provisions in the previous sentence, provided always that a
Supervisory Board Director may not serve more than three (3)
consecutive four-year terms.
The duty of the Supervisory Board is to supervise the policies
of the Board of Managing Directors and the general course of
affairs of the Company and its affiliated business. It shall give
advice to the Board of Managing Directors. The Supervisory
Board can give instructions to the Board of Managing Directors
outlining the Company‘s general financial, social, economic,
investment, staffing and environmental policy.
The Supervisory Board shall meet as often as a Supervisory
Director or the Board of Managing Directors may deem
necessary. In the meeting of the Supervisory Board each
Supervisory Director has a right to cast one (1) vote. All
resolutions by the Supervisory Board shall be adopted by an
absolute majority of the votes cast.
Members of the Board of Managing Directors
Name Age Position
Karl Pohler 53 Managing Director
Douwe Terpstra 48 Managing Director
Karl Pohler was Director A of the Company since December
2000. At the implementation of the two-tier board structure on
August 29, 2005 he automatically became a member of the
Board of Managing Directors for a period of four (4) years since
that date.
Karl Pohler has also the main following functions:
Chief Executive Offi cer of the Company since December 2000;
Managing Director of IFCO SYSTEMS GmbH since September
2000;
Director of IFCO SYSTEMS North America since January 2002.
Prior to joining IFCO SYSTEMS, Mr. Pohler was the chairman of
the Board of Management of Computer 2000 AG, Munich and,
at the same time, European president of Computer 2000/
Tech Data Corp.. From 1997 to 1999, he served as CEO of
Sony Deutschland GmbH, Cologne. From 1993 to 1996, Mr.
Pohler chaired the Board of Management of Computer 2000
Deutschland GmbH, Munich. From 1980 to 1992, he was active
in executive management functions for Digital Equipment GmbH,
Munich.
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