Relationship between the Supervisory Board and the Management Board
The Supervisory Board of SHW AG has the task of monitoring the Management Board and advising it. It comprises nine members. The Supervisory Board is directly involved in all decisions of fundamental importance for the company. Together with the Management Board it sets the strategic alignment of the company and discusses the degree to which the business strategy has been implemented at regular intervals.
The Chairman of the Supervisory Board coordinates the work of the committees and chairs the meetings. Regular exchange with the Management Board ensures that the Supervisory Board is constantly informed of business policies and the strategy. It must approve the annual budget and the financial statements of SHW AG and the Group, taking account of the reports by the external auditor. The report of the Supervisory Board issued in the annual report provides more details.