Annual Report 2006/2007 KGaA/Group - BVB Aktie - Borussia ...

REPORT OF THE SUPERVISORY BOARD
The Supervisory Board recommends that the
General Shareholders' Meeting adopt the annual
financial statements as at 30 June 2007. The
Supervisory Board also agrees with management's
proposal to transfer the net retained profits for the
2006/2007 financial year of A 4.592.026,83 to other
revenue reserves. The Supervisory Board also
recommends ratification (Entlastung) of the acts
of the general partner, Borussia Dortmund
Geschäftsführungs-GmbH, for the 2006/2007
financial year.
PERSONNEL MATTERS
Patrick Albert Lynch, of London (Great Britain),
resigned from the Supervisory Board effective 26
February 2007. In his place, Christian Kullmann,
of Hamminkeln, was appointed to the Supervisory
Board by virtue of an order applied for by the general
partner and handed down by the Local Court
(Amtsgericht) of Dortmund on 21 May 2007 in
accordance with § 104 (2) AktG. The number of
Supervisory Board members therefore meets the
requirements of the Articles of Association.
Pursuant to § 8 no. 3 sentence 6 of the Articles of
Association, the next General Shareholders'
Meeting will have to elect a new Supervisory Board
member for the remainder of the departing member's
term of office.
The Executive Committee of the Advisory Board
of Borussia Dortmund Geschäftsführungs-GmbH
reached an agreement earlier than required with
the managing director and chairman, Hans-
Joachim Watzke, to extend his managing director's
agreement (the term of which was originally limited
until 31 December 2008) by a further three
years, i.e. until 31 December 2011. The term of
office of the other managing director, Thomas
Treß, currently runs until the end of 2008.
The Supervisory Board wishes to thank management
and all the employees for their once again
successful work over the past financial year and
their exceptional efforts on behalf of the Company.
Many thanks also to the business partners, shareholders
and fans of Borussia Dortmund for the
confidence they have shown in us.
Dortmund, 6 September 2007
The Supervisory Board
Gerd Pieper
Chairman
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