The following qualified Supervisory Board committees were formed to increase the efficiency of the Supervisory Board of the Vienna Insurance Group and to deal with complex issues:
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Committee for Urgent Issues The Working Committee is responsible for making decisions on urgent issues within the company. Komm.-Rat Dkfm. Klaus Stadler Komm.-Rat Dr. Karl Skyba Franz Urban Audit Committee (Accounts Committee) The Audit Committee is responsible for auditing and making preparations for formal approval of the annual financial statements and management report of the Group and for proposing an allocation of profits. Komm.-Rat Dkfm. Klaus Stadler Komm.-Rat Dr. Karl Skyba Franz Urban Human Resource Committee The Human Resource Committee deals with Managing Board personnel matters. Komm.-Rat Dkfm. Klaus Stadler |
Strategy Committee The Strategy Committee is responsible for strategic matters. Komm.-Rat Dkfm. Klaus Stadler Komm.-Rat Dr. Karl Skyba Franz Urban Independence of Supervisory Board Members All of the members of the Supervisory Board elected by the Annual General Meeting have declared that they satisfy the criteria for independence set down by the Supervisory Board. No member of the Supervisory Board is a shareholder with an interest of more than 10%, or represents the interests of such a shareholder. Positions in Other Listed Companies The following Supervisory Board members held supervisory board positions or comparable positions in domestic or foreign listed companies in 2007: Dipl.-Ing. Guido Klestil Hofrat Dkfm. Heinz Öhler Dr. Johann Sereinig Komm.-Rat Dr. Karl Skyba Mag. Dr. Friedrich Stara |
Compensation Report
Detailed information on the compensation plan for members of the Managing Board and Supervisory Board is available in the Notes.
