Nomination and Remuneration Committee

Composition 
The Nomination and Remuneration Committee consists of three members of the Board of Directors, all of them being non-executive Directors (Dr. Andreas Eckert, Martin Hölscher, Edwin Vandermeulen). Two of them (Martin Hölscher and Edwin Vandermeulen) are also independent.

Chairmanship
The Committee is chaired by Martin Hölscher.

Mission
The Nomination and Remuneration Committee makes recommendations to the Board on the appointment and remuneration of the members of the Board and of the Managing Directors.
The Nomination and Remuneration Committee checks its own operation and efficiency once a year. It reports on its evaluation to the Board and submits to the Board proposals for changes where necessary.

Remuneration of Committee members
Committee members currently take part in the Committee on a non remunerated basis.