Annual Report 2010 - S&T

Foreword by the Management Board | Positioning and Markets | Investor Relations | Corporate Governance | Group Management Report | Consolidated Financial Statements | Service
The Management Board is aware of the following direct or
indirect shareholdings of at least 10 percent at the balance
sheet date: Thomas Streimelweger (about 28 %), the bankruptcy
trustee of the AvW Group (about 29 %). As described in the section
on Corporate Governance in this Annual Report, a threequarters
majority of votes cast at the Annual General Meeting
is required for the election of a member of the Supervisory
Board or a revocation of this member’s appointment.
The company has not concluded any major agreements that
would come into force, change or lose their validity in the event
of a takeover offer. In the event of a takeover of the company,
the members of the Management Board appointed before the
2007 balance sheet date have the right to receive transitional
remuneration if they continue to be employed. Alternatively,
this board member is entitled to severance pay should they
exercise their right to resign.
The internal control system and risk management system in
respect to the accounting process are described above.
Vienna, May 27, 2011
The Management Board
Michael Lanik Martin Bergler Peter Sturz Peter Trawnicek
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