Auditor

Appointment of an auditor to audit the Company's financial statements falls within the competence of the Company’s Supervisory Board.

The Supervisory Board shall also appoint an Audit Committee the tasks of which shall include the following:

  • giving recommendations to the Company’s Supervisory Board concerning the appointment and dismissal of the auditor;
  • controlling the auditor’s independence and objectiveness, in particular with respect to the replacement of the auditor and the amount of his remuneration;
  • evaluation of the auditor’s works;

Auditors for the Company’s accounts shall be select by the end of a given financial year.