Supervisory Board

In accordance with Article 9 paragraph 1 of the Articles of Association, Article 96 paragraph 1 of the Stock Corporation Act (AktG) and Article 7 paragraph 1 sentence 1 number 3 of the Codetermination Act (MitbestG), the Supervisory Board of ThyssenKrupp AG is composed of 20 members, of whom 10 are appointed by the stockholders and 10 by the employees. Seven stockholder representatives were elected by the General Stockholders' Meeting on January 21, 2010; the other three stockholder representatives were designated by the Alfried Krupp von Bohlen und Halbach Foundation, effective January 21, 2010. Since an elected stockholder representative resigned from office with effect from the close of this General Stockholders’ Meeting, a new stockholder representative was elected in the General Stockholders’ Meeting on January 21, 2011. The election of the employee representatives last took place on December 09, 2008.

The term of office of the employee representatives ends at the close of the General Stockholders' Meeting in 2014 which resolves on the ratification of the acts of the Supervisory Board in the 2012/2013 fiscal year. The term of office of the Supervisory Board members appointed by the General Stockholders' Meeting ends at the close of the General Stockholders' Meeting in 2015 which resolves on the ratification of the acts of the Supervisory Board in the 2013/2014 fiscal year; the term of office of the Supervisory Board members currently designated by the Alfried Krupp von Bohlen und Halbach Foundation on the basis of its right of designation pursuant to Article 9 paragraph 2 of the Articles of Association ends at the same time.

The Honorary Chairmen of the Supervisory Board are Prof. Dr. Berthold Beitz and Prof. Dr. Günter Vogelsang. The Chairman of the Supervisory Board is Dr. Gerhard Cromme. The Chairman of the Audit Committee is Prof. Dr. Bernhard Pellens.

The Supervisory Board supervises and advises the Executive Board and is directly involved in decisions of fundamental significance for the Company. To perform its duties the Supervisory Board has set up a total of six committees which efficiently support the work of the full Supervisory Board. The committees prepare the resolutions of the Supervisory Board as well as the issues to be dealt with at the full-session meetings. In addition, the Personnel Committee resolves in place of the full Supervisory Board on certain matters specified in the Rules of Procedure which can be passed to the Committee for resolution under the statutory provisions. The Supervisory Board presents a report to the stockholders in connection with the annual financial statements. The Supervisory Board has imposed on itself Rules of Procedure. To supplement these, there are also Rules of Procedure for the Audit Committee.