Supervisory Board
Committees and Members of the Supervisory Board
Telekom Austria's Supervisory Board is comprised of up to 15 persons, whereby up to ten are elected by the annual general meeting (capital representatives) and up to 5 by the employee side. Employee participation on the Supervisory Board is a legally regulated part of the corporate governance system in Austria.
The Supervisory Board has set up three committees (Guidelines acc. § 9):
- Audit Committee
- Chairing and Remuneration Committee
- Personnel and Nomination Committee
The members of the
Audit Committee are as follows: Peter Michaelis: Chairman, Wilfried Stadler: Financial Expert, Peter J. Oswald, Rainer Wieltsch, Michael Kolek and Wilhelm Eidenberger.
The tasks of the audit committee are to:
- monitor the financial reporting process,
- monitor the effectiveness of the company's internal control, internal audit and risk management systems
- monitor the statutory audit of the annual and consolidated accounts
- review and monitor the independence of the statutory auditor
- review and prepare the approval of the annual accounts, the proposal for the distribution of profits, the Management Report, the Corporate Governance Report, and the report about the results of the review to the Supervisory Board
- audit the consolidated financial statements and the Management Report
- to prepare the Supervisory Board's proposal for the selection of the auditor
Edith Hlawati and Peter Michaelis form the
Presidium and Remuneration Committee, which regulates the salary-related affairs of the Management Board including the determining of targets and monitoring the achievement of goals for salary bonuses. It is also responsible for the governance process in the Supervisory Board.
A
Personnel and Nomination Committee has been additionally set up, which is comprised of the presidium and Michael Kolek as employee representative.
Guidelines for the Independence of Supervisory Board Members
Directors' Dealings
Members of the Supervisory Board
Peter Michaelis 1)2)3)5) (Chairman)
since 28.06.2001
4 supervisory board mandates 4)
Was with Mannesmann since 1975, prior to joining the ÖIAG was Executive Vice President and Head of the Department Global Markets at Atecs Mannesmann AG. Has been ÖIAG Chairman since July 1, 2001
Supervisory Board Functions:
OMV AG, Österreichische Post AG, APK-Pensionskasse AG
Edith Hlawati 1)2)5) (Deputy Chairman)
since 28.06.2001
Partner at Cerha Hempel Spiegelfeld Hlawati since 1987, main focus of work in: privatizations, banking and capital markets law, mergers & acquisitions, corporate finance and joint ventures
Supervisory Board Function:
Österreichische Post AG
Rainer Wieltsch 3)5)
since 12.06.2002
4 supervisory board mandates 4)
Chief Financial Officer in the Egger Company Group since 1992, in charge of Corporate Strategy, Development and Controlling. Member of the OIAG Management Board from 01.05.2002 until 14.07.2006
Supervisory Board Functions:
OMV AG, Österreichische Post AG, Pavatex SA ;
Stephan Koren
since 17.09.1999
Chairman of the Managing Board Bawag/PSK
Supervisory Board Functions:
Wiener Stadtwerke Holding AG, Bawag PSK Leasing GmbH, easybank, AG, Omnimedia Werbegesellschaft mbH, Österreichische Lotterien Gesellschaft mbH, Österreichische Verkehrskreditbank AG, SPARDA Bank AG, uni venture Beteiligungs AG, Bausparkasse Wüstenrot AG, Austria Wirtschaftsservice GmbH
Wilfried Stadler 3)5)
since 15.07.2005
Chairman of the Management Board since 2008 of Investkredit Bank AG, honorary professor and assistant lecturer of the Vienna University of Economicx and Business.
Supervisory Board Functions:
ATP Planungs- und Beteiligungs-AG, Die Furche – Zeitschriften – Betriebsgesellschaft m.b.H., TRODAT Holding GmbH, AG, WIENSTROM GmbH, Konos Mittelstandsfinanzierungs Aktiengesellschaft
Harald Stöber
since 04.06.2003
Was Chairman of the Management Board of Arcor AG & Co. KG from July 1997 to July 2008 and has been Chairman of the Supervisory Board of Arcor AG & Co. KG since August 1, 2008.
Supervisory Board Functions:
Deutsche Messe Hannover
Vodafone Deutschland
Henrietta Egerth-Stadlhuber 5)
since 20.05.2008
Managing Director of the Österreichische Forschungsförderungsgesellschaft
(Austrian Research Development Enterprise)
Supervisory Board Functions:
Austria Wirtschaftservice Ges.m.b.H. (AWS)
Peter J. Oswald 3)5)
since 20.05.2008
Executive Director Mondi plc and Mondi Ltd., CEO Mondi AG (Holding Europe & International Division)
Personnel Representatives:
Wilhelm Eidenberger 3)
since 30.04.2001
Silvia Bauer
since 30.01.2009
Michael Kolek 2)3)
since 20.03.2002
Supervisory Board Functions:
Österreichische Industrieholding AG, Telekom Austria Personalmanagement GmbH, Telekom Austria TA AG;
Werner Luksch
since 03.08.2007
Supervisory Board Function:
mobilkom austria AG, Österreichische Industrieholding AG
1) Chairing and Remuneration Committee
2) Personnel and Nomination Committee
3) Audit Committee
4) Pursuant to Rule 56 of the Austrian Corporate Governance Code, the information on the number of supervisory board mandates refers to publicly traded companies that are not part of the Telekom Austria Group and also excludes Telekom Austria (chairmanship counts twice)
5) Independent pursuant to Rule 53 of the Austrian Corporate Governance Code
Status: May 2009
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