Since the Annual General Meeting of Shareholders (AGM) on January 28, 2008, Wincor Nixdorf AG has been run by a Board of Directors comprising three members: the Chairman Eckard Heidloff (President and Chief Executive Officer), Stefan Auerbach and Dr. Jürgen Wunram.

The Board of Directors is responsible for managing the joint stock company. It ensures that business is conducted in accordance with legal requirements, the German Corporate Governance (Glossary)  Code, Wincor Nixdorf AG’s Articles of Association and the Rules of Procedure of the Board of Directors. The aim of all decisions and actions is to protect the interests of the Company. All resolutions of the Board of Directors are taken by simple majority. Where the votes are split, e.g., if only two members of the Board of Directors are present at a meeting or if one member abstains, the vote of the President & Chief Executive Officer is counted twice.

It is the role of the Board of Directors to determine the strategic direction of Wincor Nixdorf AG in conjunction with the Supervisory Board, and then to implement it in a responsible manner. In doing so, the Board of Directors also monitors the effectiveness and efficiency of the management tools used throughout the Company. Wincor Nixdorf’s two main aims are to provide a level of service (Glossary)  to its customers that exceeds that of its competitors and to achieve sustained growth in enterprise value. The planning, control and risk management systems by means of which the Company’s operations are controlled are consequently given a high management priority.

The Board of Directors maintains regular, prompt and detailed contact with the Supervisory Board on all key issues related to planning, business trends and the current risk situation. All departures from agreed plans or established targets are reported and explained to the Supervisory Board.