In the fiscal year under review, the Supervisory Board of Wincor Nixdorf AG discharged its duties in accordance with statutory requirements, the German Corporate Governance (Glossary) Code and the Company’s articles of association. First and foremost, this task involved advising and monitoring the Board of Directors on a regular basis as it led and managed the business. All decisions of fundamental importance to the Company were agreed directly with the Supervisory Board. Receiving comprehensive information on a regular and timely basis in the form of verbal and written reports, the Supervisory Board was instructed by the Board of Directors on all material issues relating to the corporate planning, strategic direction and development, business performance and state of the Group, including risks and risk management. All business matters of importance to the Company were discussed by the Supervisory Board on the basis of reports furnished by the Board of Directors.
In fiscal 2008/2009, five scheduled Supervisory Board meetings were held at which the Board of Directors informed the Supervisory Board about the performance of the Company. In addition to these five scheduled meetings, the Supervisory Board convened on November 3, 2008 and December 3, 2008, for extraordinary Supervisory Board meetings. The Sole item on the agenda of the extraordinary Supervisory Board meeting convened on November 3, 2008, was a discussion of the key figures in the financial statements before the annual press conference on November 5, 2008. One of the items on the agenda of the extraordinary Supervisory Board meeting dated December 3, 2008, was the proposal of the Supervisory Board to the Annual General Meeting for the election of three shareholder representatives to the Supervisory Board. The five scheduled Supervisory Board meetings were held on November 25, 2008, and on January 19, April 22, July 21 and September 22, 2009. All meetings were attended by representatives of the Board of Directors. At the aforementioned meetings, all necessary resolutions were passed on the basis of documentation prepared in advance. Between each meeting convened by the Supervisory Board, the Board of Directors informed the Supervisory Board promptly and comprehensively about important events of particular significance in assessing the position and performance as well as the overall management of the Company. Furthermore, the Board of Directors remained in continuous contact with the Supervisory Board and informed the Supervisory Board about the current business position as well as significant occurrences, developments and decisions.
The Supervisory Board examined the efficiency of its activities at its meeting on September 22, 2009.
