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Engineering

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To our shareholders<br />

1.1 To our shareholders Executive Board and Supervisory Board<br />

Executive Board and<br />

Supervisory Board<br />

Under Germany’s two-tier corporate governance system, stock<br />

corporations have two boards with clearly separated functions:<br />

The executive board is responsible for managing the company;<br />

the supervisory board oversees and advises the executive board.<br />

Both work together closely in the interest of the company. On<br />

the following pages we present our Executive Board and<br />

Supervisory Board.<br />

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