Implementation of the competence profile, diversity concept, independence requirements and further objectives for the composition of the Supervisory Board

According to the Supervisory Board’s own assessment, its current composition meets all of the requirements of the competence profile: Every single area of competence is covered by several members of the Supervisory Board. In particular, the in-depth knowledge and experience of the chemical sector and the related value chains, which are crucial for understanding the business activities of BASF, are broadly represented. It also has the essential knowledge of accounting, financial reporting and auditing, including sustainability reporting and its auditing, required for monitoring the management of the company.

According to the Supervisory Board’s own assessment, its current composition also meets all of the independence requirements in full: Eleven of the 12 current members, of which six are shareholder representatives and five are employee representatives, are considered independent based on the above criteria. Only the employee representative Michael Vassiliadis is no longer considered independent as he has been a member of the Supervisory Board since August 2004, and therefore for over 12 years.

The Supervisory Board also meets the required composition criteria under the diversity concept in full:

Proportions represented in the Supervisory Board according to the aspects of diversity and independence taken into account

For more information on the statutory minimum quotas for the number of women and men on the
Supervisory Board, see the section Commitments to Promote the Participation of Women in Leadership
Positions at BASF SE in the BASF Report.

The following qualification matrices disclose the implementation of the competence profile, diversity concept, independence requirements and further objectives for the composition of the Supervisory Board for each member of the Supervisory Board:

Qualifications matrix of the shareholder representatives in the Supervisory Board

Qualifications matrix of the employee representatives in the Supervisory Board

^a Based on a self-assessment by the Supervisory Board and taking into account the individual assessment of each of its members. A check mark signifies at least good knowledge in this area and thus the ability to understand relevant issues well and make informed decisions, either on the basis of existing qualifications or on the basis of knowledge acquired through the Supervisory Board activity and in further training measures.
^b In particular, taking into account the sustainability topics that are material for BASF, which were identified following the double materiality assessment. Details can be found in the section “Competence of the Board of Executive Directors and Supervisory Board in monitoring sustainability aspects”.