SEC Form 20-F - Deutsche Bank Annual Report 2012

Deutsche Bank
Annual Report 2010 on Form 20-F
Item 6: Directors, Senior Management and Employees 91
Each member of the Supervisory Board generally serves for a fixed term of approximately five years. For the
election of shareholder representatives, the General Meeting may establish that the terms of office of up to five
members may begin or end on differing dates. Pursuant to German law, the term expires at the latest at the
end of the Annual General Meeting that approves and ratifies such member’s actions in the fourth fiscal year
after the year in which the Supervisory Board member was elected. Supervisory Board members may also be
re-elected. The shareholders may, by a majority of the votes cast in a General Meeting, remove any member of
the Supervisory Board they have elected in a General Meeting. The employees may remove any member they
have elected by a vote of three-quarters of the employee votes cast.
The members of the Supervisory Board elect the chairperson and the deputy chairperson of the Supervisory
Board. Traditionally, the chairperson is a representative of the shareholders, and the deputy chairperson is a
representative of the employees. At least half of the members of the Supervisory Board must be present at a
meeting or must have submitted their vote in writing to constitute a quorum. In general, approval by a simple
majority of the members of the Supervisory Board present and voting is required to pass a resolution. In the
case of a deadlock, the resolution is put to a second vote. In the case of a second deadlock, the chairperson
has the deciding vote.
The following table shows information on the current members of our Supervisory Board. The members
representing our shareholders were elected at the Annual General Meeting on May 29, 2008, except for
Dr. Siegert, who was elected at the Annual General Meeting 2007 until the end of the Annual General Meeting
2012. The members elected by employees in Germany were elected on May 8, 2008. The information includes
the members’ age as of December 31, 2010, the years in which they were first elected or appointed, the years
when their terms expire, their principal occupation and their membership on other companies’ supervisory
boards, other nonexecutive directorships and other positions.