The Supervisory Board

The Supervisory Board of Ottobock SE & Co. KGaA is subject to European co-determination and consists of six shareholder representatives and four employee representatives from Germany and abroad. It monitors the activities of the Management Board, which conducts the business of Ottobock SE & Co. KGaA. Dr Bernd Bohr, long-standing head of the automotive division at Bosch, is Chair of the Supervisory Board.

The Supervisory Board has set up two committees with appropriate expertise – the audit committee and the nomination committee – from its own membership in order to carry out its duties efficiently and address complex matters with the required focus.

The audit committee has three members. They are Jurate Keblyte (committee chairperson), Dr Bernd Bohr as shareholder representative and Nadine Käfer. The members, and particularly the chairperson of the audit committee, have special knowledge of and experience in applying accounting principles and internal control procedures. They are also familiar with the auditing process. The key aspects of the audit committee’s work are monitoring the financial reporting process, assuring the quality of audits and monitoring the effectiveness of the company’s risk management system and internal auditing system. The committee meets regularly four times a year and as needed.

The nomination committee has three members. They are Dr Bernd Bohr (committee chairperson), Jan Willem de Cler (deputy chairperson) and Prof Dr Gesche Joost. The nomination committee proposes suitable candidates to the Supervisory Board when new shareholder representatives need to be appointed. The committee meets only when required to provide nominations for candidates.