Supervisory Board

The Supervisory Board comprehensively advises and supervises the Management Board in the management of the enterprise.

In accordance with the terms of the German Co-Determination Act, the Supervisory Board of DB AG has 20 members, ten members represent shareholders and ten represent employees. The shareholder representatives are partly delegated and partly elected by the Annual General Meeting. The employee representatives are elected in accordance with the terms of the German Co-Determination Act.

Major decisions of the Management Board resulting in a fundamental change in the net assets, financial position and results of operations of the company have to be approved by the Supervisory Board. The Supervisory Board is informed at least every quarter by the Management Board of the development of business, and in particular the development of revenues and the position of the company. The Managing Board also reports regularly to the Supervisory Board with regard to the measures taken in DB Group for complying with laws and internal measures (Compliance). The Supervisory Board is also responsible for auditing and approving the annual financial statements and the consolidated financial statements of DB AG.

DB AG has five Supervisory Board committees:

• Executive Committee,
• Audit and Compliance Committee,
• Personnel Committee,
• Mediation Committee as well as the
• Infrastructure Committee.