The Supervisory Board of the Company consists of five members and is responsible for the supervision of the management conducted by the Management Board. Certain important business decisions of the Management Board, as listed in the articles of association, require the approval of the Supervisory Board. The Supervisory Board adopts resolutions by a majority of the votes cast at a meeting in which a majority of the members of the Supervisory Board is present or represented.

The Supervisory Board meets at least four times per year. At these meetings the Management Board informs the Supervisory Board of results over the period past and the future forecasts and business developments. The members of the Supervisory Board are appointed by the General Meeting of Shareholders. The Supervisory Board itself is entitled to make a non-binding nomination for each vacancy. The dismissal or temporarily suspension of any member of the Supervisory Board is the responsibility of the General Meeting of Shareholders.