Besides the Supervisory Board and the General Partner (acting through the Executive Board), DWS KGaA has established a Joint Committee as an additional corporate body.
The Joint Committee has approval rights with regard to certain measures undertaken by the General Partner. The Joint Committee also possesses a right of proposal with respect to the ratification of acts of management of the General Partner and with respect to the determination of the variable compensation of the Managing Directors of the General Partner. Nonetheless, these matters are legally subject to decisions of the shareholders’ meeting of the General Partner. Therefore, the proposals of the Joint Committee are not legally binding and the shareholders’ meeting of the General Partner remains independent in its right to decide on these matters.