The Audit Committee is responsible for auditing and preparing the approval of the annual financial statements, auditing the consolidated financial statements, the proposal for the distribution of profit, the Management Report and the Group Management Report as well as the Corporate Governance Report.

High priority is also given to monitoring the accounting process, the effectiveness of the internal control system, the internal audit system and the risk management system. It also prepares the selection of the auditor and monitors the independence of the auditor and the auditor of the consolidated accounts, in particular with regard to the performance of additional services.

The members of the Audit Committee were Carlos García Moreno Elizondo as Chairperson and Financial Expert, Stefan Fürnsinn, Carlos Jarque, Oscar Von Hauske Solís, Peter Hagen, Peter Kollmann and Gerhard Bayer, Renate Richter and Alexander Sollak as the employee representative.

The Remuneration Committee is made up of Edith Hlawati as Chairperson, Carlos García Moreno Elizondo as Vice-Chairperson and Oscar Von Hauske Solís. The Remuneration Committee is responsible for concluding contract negotiations with the Management Board and defining the remuneration of the Management Board and it also sets the targets for the calculation of the performance-related bonuses and monitors the achievement of goals.