Petrol Group

Board/Management Information • Oct 26, 2020

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author: "Petrol"
date: 2020-10-23 18:14:00+00:00
processor: python-docx+mammoth
status: success

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Conditions and Criteria for Candidates for Supervisory Board Members

When determining the profiles of candidates for Supervisory Board Members, particularly the following criteria will be taken into consideration:

• personal integrity and business ethics;

• experience reflected in business performance and reputation;

• at least university-level education (regular programme) or master's degree in the relevant discipline (Bologna level 2);

• adequate experience in corporate governance, organisation or management, or work experience in the company’s industry;

• comprehensive business and relevant professional knowledge for the performance of the supervisory position;

• the ability to act and make decisions in the company’s long-term interest, thereby subduing to this cause potential alternative personal or other individual interests (of third persons, employees, the Management Board, shareholders, the public and the government);

• candidates are not managers, supervisors, representatives or consultants of competing companies and they are not significant shareholders of those companies;

• candidates are not economically, personally or otherwise connected with the company or its Management Board;

• candidates do not have conflicts of interests which cannot be managed;

• candidates have sufficient time or will have sufficient time once they have been appointed;

• candidates are capable of efficient communication and teamwork;

• candidates are prepared to undertake continuous training and professional development;

• candidates have a certificate evidencing their specialised professional competence for membership on the Supervisory Board.