Declaration on Management and Control

Management by the Executive Board

The Executive Board of ZEAL Network SE manages the affairs of the Company. Under the requirements of stock corporation law, it is committed to the Company’s interests and bound by the principles of Company policy. It currently consists of three members and reports regularly to the Supervisory Board on business development, corporate strategy and potential risks.

Monitoring of management by the Supervisory Board

The ZEAL Network SE Supervisory Board consists of six members, who were elected at the Annual General Meeting 2016 and will remain in place until 2018.

The Supervisory Board appoints the members of the Executive Board and offers them advice. It also elects a chairman. Significant decisions of the Executive Board require the consent of the Supervisory Board.

The Supervisory Board meets at least four times per year and approves both the consolidated and individual entity annual financial statements.

Shareholders and Annual General Meeting

The Annual General Meeting (AGM) is held within the first six months of the fiscal year and enables shareholders to exercise their rights. It is presided over by the Chairman of the Supervisory Board and covers matters including: the election of members of the Supervisory Board, amendments to Articles Of Incorporation, the appropriation of net profit and capital measures.

Our aim is to make it as easy as possible for our shareholders to participate in the Annual General Meeting, and the necessary attendance documents are made available in advance. Shareholders may also elect to vote by proxy.

 

Transparency

ZEAL Network SE attaches great importance to providing clear and transparent information on all of its business. It does this through its annual report, quarterly report and biannual reports, at regular press conferences, through its website and via other media outlets. It also publishes press releases and ad-hoc announcements, when required.