Global
Investors

Meeting attendance and independence

In the 2020 business year, meetings were held as follows:

  • The Supervisory Board met seven times.
  • The Personnel Committee met four times.
  • The Audit Committee met six times.
  • The Nomination Committee met twice.
  • The Strategy Committee did not meet.

With the exception of one meeting, at which one member was ab­sent, all respective members attended all meetings of the Supervi­sory Board. With the exception of two meetings of the Nomination Committee, at each of which one member was absent, and one meeting of the Audit Committee, at which one member was absent, all respective members attended all meetings of the Supervisory Board’s committees.

The meetings of the Supervisory Board and its committees since the beginning of the coronavirus pandemic in 2020 have been held in accordance with appropriate safety measures and in compliance with restrictions on assembly and travel as per the applicable infec­tion prevention laws. They took place as in-person meetings with the additional option of virtual attendance via electronic communica­tion and as completely virtual meetings solely via electronic commu­nication.

(BASF Report 2020)

Corporate Governance

(BASF Report 2020)

Dr. Kurt Bock

(member of the Supervisory Board since June 18, 2020)

Chairman of the Supervisory Board

Shareholder representative

Independence: yes

Meetings

Attendance

Supervisory Board

4/4

Personnel Committee

2/2

Nomination Committee

2/2

Strategy Committee

0/0

Franz Fehrenbach

Vice Chairman of the Supervisory Board

Shareholder representative

Independence: not independent due to BASF SE Supervisory Board membership for more than 12 years (since January 14, 2008) 

Meetings

Attendance

Supervisory Board

7/7

Personnel Committee 4/4
Audit Committee 1/1

Nomination Committee

2/2

Strategy Committee 0/0

Sinischa Horvat

Vice Chairman of the Supervisory Board

Employee representative

Independence: yes*

Meetings

Attendance

Supervisory Board

7/7

Personnel Committee

4/4

Strategy Committee

0/0

Prof. Dr. Thomas Carell

Shareholder representative

Independence: yes*

Meetings

Attendance

Supervisory Board

7/7

Nomination Committee

1/2

Dame Alison Carnwath DBE

Shareholder representative

Independence: yes

Meetings

Attendance

Supervisory Board

7/7

Audit Committee

6/6

Nomination Committee

2/2

Strategy Committee

0/0

Liming Chen

(member of the Supervisory Board since October 8, 2020)

Shareholder representative

Independence: yes

Meetings

Attendance

Supervisory Board

2/2

Nomination Committee

0/0

Tatjana Diether

Employee representative

Independence: yes*

Meetings

Attendance

Supervisory Board

7/7

Audit Committee

6/6

Waldemar Helber

Employee representative

Independence: yes*

Meetings

Attendance

Supervisory Board

7/7

Strategy Commitee

0/0

Anke Schäferkordt

Shareholder representative

Independence: yes

Meetings

Attendance

Supervisory Board

7/7

Audit Committee 5/5

Nomination Committee

2/2

Denise Schellemans

Employee representative

Independence: not independent due to BASF SE Supervisory Board membership for more than 12 years (since January 14, 2008) *

Meetings

Attendance

Supervisory Board

7/7

Roland Strasser

Employee representative

Independence: yes*

Meetings

Attendance

Supervisory Board

7/7

Michael Vassiliadis

Employee representative

Independence: not independent due to BASF SE Supervisory Board membership for more than 12 years (since August 1, 2004) *

Meetings

Attendance

Supervisory Board

7/7

Personnel Committee

4/4

Audit Committee

5/6

Strategy Committee

0/0

Dr. Jürgen Hambrecht

(retired from the Supervisory Board on June 18,  2020)

Chairman of the Supervisory Board

Shareholder representative

Independence: yes

Meetings

Attendance

Supervisory Board

3/3

Personnel Committee

2/2

Nomination Committee

0/0

Strategy Committee

0/0

Dr. Alexander C. Karp

(retired from the Supervisory Board on July 22,  2020)

Shareholder representative

Independence: yes

Meetings

Attendance

Supervisory Board

4/5

Nomination Committee

0/1

* BASF includes employee representatives in its assessment of independence, however, the fact of being an employee or an existing employment contract are not considered as reasons to compromise a Supervisory Board member’s independence.

Last Update February 26, 2021