GRECO Annual Report 2011
GRECO Annual Report 2011
GRECO Annual Report 2011
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ANNUAL REPORT 2012<br />
Statement by the Chairman<br />
of the Supervisory Board<br />
I am delighted that I can report another year of growth for the GrECo Group in this<br />
difficult economic environment. We continue to strive to further develop the group<br />
in 2013.<br />
The Supervisory Board monitored the<br />
Management Board of the company<br />
during the fiscal year and fulfilled the<br />
tasks it is charged with by law and articles<br />
of association. The Board informed<br />
the Supervisory Board in four periodic<br />
meetings. Furthermore 10 meetings<br />
took place between the Board and the<br />
Chairman of the Supervisory Board on the<br />
current business and regarding important<br />
decisions.<br />
Chairman<br />
FRIEDRICH NEUBRAND<br />
The annual financial statements for 2012<br />
and the report of the Management Board<br />
have been reviewed by the appointed<br />
auditors, and were awarded with their<br />
unqualified audit opinion. The Supervisory<br />
Board had no objections and approved<br />
the annual financial statements; these<br />
are thus considered as adopted.<br />
9<br />
On behalf of the Supervisory Board, I thank<br />
the Management and all employees for<br />
their outstanding work and commitment<br />
in favour of the GrECo Group.<br />
Friedrich Neubrand<br />
Chairman
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