Close cooperation of the Management Board and the Supervisory Board

Deutsche Wohnen AG has the following executive bodies: the Management Board, the Supervisory Board, and the General Meeting. The competences of these executive bodies are specified in the German Stock Corporation Act, the articles of incorporation, and the standard operating procedures for the Management Board and the Supervisory Board. The Management Board and the Supervisory Board of Deutsche Wohnen work together in close and faithful cooperation.

As in previous years, in the past financial year, the Management Board and the Supervisory Board jointly agreed on the strategic orientation of the Group and the implementation thereof at regular intervals. The Management Board regularly informed the Supervisory Board on all issues related to planning, business development, the risk situation, risk management, and compliance of relevance to the company and the Group in a comprehensive and timely fashion. In addition, the Management Board routinely reported to the Supervisory Board on the current business development; deviations from plans and goals were always discussed in detail. Approvals were obtained from the Supervisory Board for any transactions requiring approval in accordance with the articles of incorporation.

The Management Board of Deutsche Wohnen AG, consisting of two members, is responsible for the management of the company and is committed to acting in the best interest of the company. Its activities aim to increase the lasting company value and to develop, adjust, and implement the strategic orientation of the company. In addition, the Management Board of Deutsche Wohnen AG ensures compliance with legal provisions and internal corporate guidelines and works towards ensuring compliance by Group companies as well. The Management Board is also responsible for the continued development of risk management and risk controlling.

In accordance with § 7 para. 1 of the articles of incorporation, the Supervisory Board consists of six members. It is not subject to employee participation. Members are elected as shareholder representatives in the Annual General Meeting. The Supervisory Board advises and monitors the Management Board in managing the company. The Supervisory Board is involved in all decisions of fundamental importance to the company and reviews and approves the annual financial statements. In addition, the Supervisory Board appoints the members of the Management Board and is entitled to dismiss them for important reasons.

My Annual Report