BASF SE BASF Finance Europe N.V. - BASF.com

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The principal function of the Supervisory Board is to appoint and supervise the Board of Executive
Directors. The Supervisory Board may not make management decisions, but BASF's Articles of
Association or the Supervisory Board itself may require the prior consent of the Supervisory Board for
certain types of transactions.
Members of both the Board of Executive Directors and the Supervisory Board owe a duty of loyalty and
care to BASF. In exercizing these duties, the applicable standard of care is that of a diligent and prudent
business person. Members of both boards must take into account a broad range of considerations when
making decisions, foremost the interests of BASF, including its shareholders, employees and creditors
and, to a certain extent, the interests of society. The members of the Board of Executive Directors and the
Supervisory Board are personally liable to BASF for breaches of their duties of loyalty and care.
None of the members of the Supervisory Board or the Board of Executive Directors of BASF have any
material conflicts of interests between any duties to BASF and their private interests or other duties. The
members of the Supervisory Board and of the Board of Executive Directors can be contacted at the
address of the headquarters of BASF.
Board of Executive Directors
The number of members of the Board of Executive Directors is determined by the Supervisory Board,
subject to a minimum of two members. As of the date of this Prospectus, BASF's Board of Executive
Directors has eight members.
Pursuant to the Articles of Association of BASF, any two members of the Board of Executive Directors or
one member and the holder of a special power of attorney (Prokura) may legally bind BASF.
The Board of Executive Directors must report regularly to the Supervisory Board on the current business
of BASF, on its business policies and other fundamental matters regarding the future conduct of its
business, on its profitability, particularly on its return on equity, on the risk exposure of BASF and the risk
management, as well as on any exceptional matters that may arise from time to time. The Supervisory
Board is also entitled to request special reports at any time.
The Supervisory Board appoints members to the Board of Executive Directors for a maximum term of five
years. Members of the Board of Executive Directors may be re-appointed (even prior to the expiration of
her or his term) or have their terms extended for one or more terms. Each re-appointment or extension
shall have a maximum term of five years.
Under certain circumstances, such as a serious breach of duty or a bona fide vote of no confidence by a
majority of votes at a Shareholders' Meeting, a member of the Board of Executive Directors may be
removed by the Supervisory Board prior to the expiration of her or his term. A member of the Board of
Executive Directors may not deal with or vote on matters relating to proposals, arrangements or contracts
between that member and BASF.
The Articles of Association of BASF require decisions of the Board of Executive Directors to be made by a
simple majority unless the law requires a larger majority. In case of a tie, the chairman has the casting
vote.
The following table shows the current members of BASF's Board of Executive Directors as of the date of
this Prospectus, and a list of responsibilities and of outside directorships:
Name
Dr. Kurt Bock
Dr. Martin
Brudermüller
Main area of responsibility
Chairman, responsible for Legal, Taxes & Insurance,
Strategic Planning & Controlling, Communications &
Government Relations, Global Executive Human
Resources, Investor Relations and Compliance
Vice Chairman, responsible for Performance
Materials and for the Region Asia Pacific
Membership on
supervisory and advisory
boards
--
Deputy Chairman of the
Advisory Board of
Styrolution Holding GmbH