The Supervisory Board appoints the members of the Executive Board and supervises and advises it in managing the company. The Supervisory Board is directly involved in decisions of material importance to the Company.
The chairman of the Supervisory Board coordinates its work and represents it vis-à-vis third parties. He maintains regular contact between meetings with the Executive Board, and in particular with its chairman, to discuss issues relating to the company’s strategy, business development, risk management and compliance.
The Supervisory Board comprises 20 members in accordance with the German Co-determination Act (Mitbestimmungsgesetz – MitbestG) and the company’s Articles of Incorporation. Half the members of the Supervisory Board are elected by the shareholders in the Shareholders’ Meeting, while the other half are elected by the employees of Continental AG and its German subsidiaries.