The Supervisory Board advises and monitors the General Partner, acting through the Executive Board, in its management of the company. Except for the employee representatives, the members of the Supervisory Board are elected by the shareholders of DWS KGaA at the General Meeting.
In general, the authority and scope for influence of the Supervisory Board of a KGaA is limited as compared to a Supervisory Board of a stock corporation. In particular, the Supervisory Board is not entitled to appoint and dismiss the Managing Directors of the general partner, nor may the Supervisory Board subject the management measures of the general partner to its consent, or issue rules of procedure for the general partner.
For Supervisory Board members, there is a regular maximum age limit of 75 years. In exceptional cases, a Supervisory Board member can be elected or appointed for a period that lasts no longer than until the end of the fourth Ordinary General Meeting after he has turned 75 years of age. The regular limit of an individual Supervisory Board membership is 15 years.
