Engineering

To our shareholders
1.2 To our shareholders Report by the Supervisory Board
The number of members of of the Nomination
Nomination Committee was Committee increased was to four. increased
to four.
24 | 25
On the basis of an updated profitability analysis by Ernst & Young, the Audit Committee met on December
01, 2011 to discuss in detail the subject of impairment losses in the Steel Americas business area and its
effects on the consolidated and parent-company financial statements. Impairment in the Stainless Global
business area was also discussed in this meeting.
Strategy, Finance and Investment Committee
In two meetings in fiscal 2010/2011, the Strategy, Finance and Investment Committee dealt primarily with
the Strategic Way Forward for the Group and the competitive position of the individual business areas. The
Group’s investment policy was reviewed taking into consideration the current ratings situation. Further key
topics were the corporate and investment planning and preparation of corresponding Supervisory Board
resolutions, the major investment projects in Brazil and the USA, and the planned divestment projects. In a
meeting on December 01, 2011 this Committee also dealt in detail with impairment losses in the Steel
Americas and Stainless Global business areas.
Nomination Committee
The Nomination Committee held one meeting in the reporting year and addressed the question of a
successor for Dr. Henning Schulte-Noelle, who stood down from the Supervisory Board with effect from the
close of the Annual General Meeting on January 21, 2011. The Nomination Committee concurred with the
proposal of the Alfried Krupp von Bohlen und Halbach Foundation to propose to the Annual General Meeting
that it elect Prof. Dr.-Ing. Ekkehard D. Schulz as successor.
Main content of Supervisory Board meetings and resolutions
The meeting on November 26, 2010 focused on the parent-company and consolidated financial statements
for the year ended September 30, 2010, and the Executive Board’s proposal for the appropriation of net
income. We reported on this in detail in the last Annual Report. On the basis of a detailed report by the
Executive Board and the deliberations of the Strategy, Finance and Investment Committee, we also
discussed the corporate planning for the 2010/2011 fiscal year with the Executive Board; this included the
plausibility of the expectations presented and the earnings opportunities and risks. Further matters
discussed were the changeover of the Group’s internal performance indicator from EBT to EBIT, the ratings
situation, the planned disposals of the Metal Forming group and the Xervon group, as well as the position
and opportunities of ThyssenKrupp in the BIC countries. Other key topics were the development of raw
material costs and the framing of contracts with raw material suppliers, particularly in the steel sector. The
Supervisory Board requested the Executive Board to examine all alternatives to safeguard supply security.
We dealt in depth with ThyssenKrupp Forging Group’s project to build a crankshaft production plant in China,
which we then approved. The Supervisory Board also adopted the agenda for the Company’s Annual
General Meeting on January 21, 2011 together with the proposals for resolution. We supported the proposal
of the Alfried Krupp von Bohlen und Halbach Foundation and the recommendation of the Nomination
Committee to propose to the Annual General Meeting to elect Prof. Dr.-Ing. Schulz to the Supervisory Board.
In our view, after the election of Prof. Dr.-Ing. Schulz the board continues to have an adequate number of
independent members. Prof. Dr. Beatrice Weder di Mauro was elected to the Nomination Committee as an
additional member.
Further, based on previous preparation by the Executive Committee, the Supervisory Board discussed the
results of its efficiency review. In this connection we agreed with the Executive Board that in the future
training events on special topics should be organized for the Supervisory Board.