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fied applicants. If a position must be filled
by outside candidates, we will take special
care to consider properly qualified female
candidates.
The same applies when filling management
positions. When filling positions, the Managing
Directors shall act to ensure diversity
and shall endeavor to ensure that women
comprise a reasonable percentage of the
candidates considered. Today, there are
several women in management positions. In
order to include even more women in management
positions in the future, PUMA SE
is using part-time and half-day models, as
well as flexible working hours and the provision
of more childcare places to promote a
better balance between work and family life.
Members of PUMA SE’s Administrative
Board, its Managing Directors and other
executives have the opportunity to attend
appropriate training and continuing education
programs.
description oF the working
practices oF the administrative
Board and the managing directors
and the composition and
working practices oF their committees
The Rules of Procedure for the
Administrative Board and the Managing
Directors are available under “Company” at
› http://about.puma.com.
administrative Board
In accordance with the Articles of
Association, the Administrative Board con-
pUMa BUsiness and sUstainaBility RepoRt 2012
sists of at least three members. The
members of the Administrative Board are
appointed by the Annual General Meeting,
a third of them pursuant to the German
Codetermination Act based on binding
nominations by employee representatives.
The following individuals were members of
the Administrative Board in 2012:
› Jochen zeitz
(Member and Chairman until 11/30/2012))
› Jean- François palus
(Chairman as of 12/01/2012)
› François-henri pinault
› grégoire amigues
((Member until 04/24/2012)
› todd hymel
(Member as of 04/24/2012)
› thore ohlsson
› michel Friocourt
› Bernd illig
(Employee Representative)
› martin köppel
(Employee Representative)
› victor Fernandes
(Member until 04/24/2012) (Employee
Representative)
› guy Buzzard
(Member as of 04/24/2012) (Employee
Representative)
The members of the Administrative Board are
appointed for a period up to the close of the
Annual General Meeting that adopts the resolution
approving the actions of the Board for
the fourth financial year after the term of office
began (the financial year in which the term
ManageMent RepoRt
of office begins is not counted) and no later than
six years after the respective Administrative
Board member was appointed. Administrative
Board members may not be reappointed.
Meetings of the Administrative Board must
be held at least every three months. Meetings
must also be held if required for the
Company’s welfare or if a member of the
Administrative Board demands that a meeting
be convened.
The Administrative Board convened four
times in 2012.
The names of the members of the Administrative
Board are listed in the explanatory
disclosures in the Notes.
To perform its duties, the Administrative
Board has established various committees,
which report to it regularly on their work.
executive committee
The members of the Executive Committee
in 2012 are Jochen Zeitz (Member and
Chairman until 11/30/2012), Michel
Friocourt, Martin Köppel and Thore Ohlsson
(Member and Chairman as of 12/01/2012).
The Executive Committee is responsible for
organizing meetings of the Administrative
Board and for making decisions when
instructed by the Administrative Board to
do so on its behalf.
personnel committee
The members of the Personnel Committee in
2012 are François-Henri Pinault (Chairman),
Jochen Zeitz (Member until 11/30/2012),
Bernd Illig and Jean-François Palus (Member
as of 12/01/2012). Personnel Committee
meetings are scheduled to coincide with
meetings of the Administrative Board.
The Personnel Committee is responsible
for entering into and making changes to
Managing Directors’ employment contracts
and for establishing policies for Human
Resources and personnel development.
The entire Administrative Board decides
on issues involving the Managing Directors’
compensations based on recommendations
from the Personnel Committee.
audit committee
In 2012 the Audit Committee is comprised of
the Administrative Board members Thore
Ohlsson (Chairman), Jean-François Palus,
Bernd Illig (Member until 07/25/2012) and
Guy Buzzard (Member as of 07/25/2012).
In particular, the Audit Committee is
responsible for accounting issues and
monitoring the accounting process, the
effectiveness of the internal control system,
the risk management system, internal
audits, compliance and the audit of the
financial statements, and here in particular
for the required independence of the statutory
auditors, issuing the audit assignment
to the statutory auditors, defining the audit
areas of focus, any additional services to be
performed by the statutory auditors and the
fee agreement.
The Chairman of the Audit Committee must
be an independent shareholder representative
and must have expertise in the fields of
accounting and auditing in accordance with
Section 100(5) AktG.
The recommendation of the Administrative