SUSTAINABILITY
›SUPERVISORY BOARD REPORT‹
In the year under review, the Supervisory Board carried out its duties as specified by law, the articles of association and the rules of procedure. It provided ongoing reports on the bank's business development, its liquidity and its profit and risk situation. Major corporate policy matters and procedures were submitted for approval as required by law and the articles of association. These were discussed and, where necessary, adopted in six joint meetings with the Management Board.
The Credit Committee established by the Supervisory Board to monitor the bank's risk position with regard to lending met nine times in the reporting year to discuss and formulate the necessary resolutions pertaining to large loans. The Credit Committee is chaired by Ludger Krösmann (Ass. jur.); its other members are Rev. Heinz Ditmar Janousek, Dr Heinz Joachim Koch and Dr Doris König. The Supervisory Board's Executive Committee consists of Father Dietmar Weber (OSC), Dr Doris König and Ludger Krösmann (Ass. jur.). It convened once to discuss matters relating to the Management Board and to prepare Supervisory Board decisions.
The Supervisory Board reviewed the financial statements, the management report and the Management Board's proposal for the appropriation of net profit, endorsed them and approved the Management Board's proposal. The proposal complies with the requirements of the articles of association. Rheinisch-Westfälischer Genossenschaftsverband e.V. carried out a statutory audit in accordance with Section 53 of the German Cooperatives Act (GenG) and audited the annual financial statements in accordance with Section 340k of the German Commercial Code (HGB). The 2012 financial statements were issued with an unqualified opinion.
Ms Silke Stremlau was elected to the Supervisory Board at the 2012 General Meeting. Dr Doris König, Father Dietmar Weber and Rev. Heinz Ditmar Janousek were all re-appointed for a further period of office. Ms Christa Garvert stepped down from the Supervisory Board, effective of 20 August 2012, for personal reasons.
We would like to thank Ms Garvert for her contribution as a valuable, committed member of the team at our bank.
The Supervisory Board would like to congratulate the Management Board for its successful work during the reporting year 2012 and thank all employees for their dedicated service to the bank, its members and its customers.
›SUPERVISORY BOARD REPORT‹
In the year under review, the Supervisory Board carried out its duties as specified by law, the articles of association and the rules of procedure. It provided ongoing reports on the bank's business development, its liquidity and its profit and risk situation. Major corporate policy matters and procedures were submitted for approval as required by law and the articles of association. These were discussed and, where necessary, adopted in six joint meetings with the Management Board.
The Credit Committee established by the Supervisory Board to monitor the bank's risk position with regard to lending met nine times in the reporting year to discuss and formulate the necessary resolutions pertaining to large loans. The Credit Committee is chaired by Ludger Krösmann (Ass. jur.); its other members are Rev. Heinz Ditmar Janousek, Dr Heinz Joachim Koch and Dr Doris König. The Supervisory Board's Executive Committee consists of Father Dietmar Weber (OSC), Dr Doris König and Ludger Krösmann (Ass. jur.). It convened once to discuss matters relating to the Management Board and to prepare Supervisory Board decisions.
The Supervisory Board reviewed the financial statements, the management report and the Management Board's proposal for the appropriation of net profit, endorsed them and approved the Management Board's proposal. The proposal complies with the requirements of the articles of association. Rheinisch-Westfälischer Genossenschaftsverband e.V. carried out a statutory audit in accordance with Section 53 of the German Cooperatives Act (GenG) and audited the annual financial statements in accordance with Section 340k of the German Commercial Code (HGB). The 2012 financial statements were issued with an unqualified opinion.
Ms Silke Stremlau was elected to the Supervisory Board at the 2012 General Meeting. Dr Doris König, Father Dietmar Weber and Rev. Heinz Ditmar Janousek were all re-appointed for a further period of office. Ms Christa Garvert stepped down from the Supervisory Board, effective of 20 August 2012, for personal reasons.
We would like to thank Ms Garvert for her contribution as a valuable, committed member of the team at our bank.
The Supervisory Board would like to congratulate the Management Board for its successful work during the reporting year 2012 and thank all employees for their dedicated service to the bank, its members and its customers.
Father Dietmar Weber (OSC)
Chairman of the Supervisory Board
Chairman of the Supervisory Board