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Allianz Annual Report 2012

Supervisory Board Committees Part of the Supervisory Board’s work is carried out by its committees. The composition of committees and the tasks assigned to them are regulated by the Supervisory Board’s rules of procedure. The Supervisory Board receives regular reports on the activities of its committees. supervisory board committees B 003 supervisory board COMMITTEES RESPONSIBILITIES STANDING COMMITTEE  5 members − Chairman: Chairman of the Supervisory Board (Dr. Helmut Perlet) − Two further shareholder representatives (Prof. Dr. Renate Köcher, Dr. Wulf Bernotat) − Two employee representatives (Gabriele Burkhardt-Berg, Rolf Zimmermann) − Approval of certain transactions which require approval of the Supervisory Board, e.g. capital increases, acquisitions and disposals of participations − Preparation of the Declaration of Conformity pursuant to § 161 Aktiengesetz (German Stock Corporation Act) and control of corporate governance − Preparation of the self-evaluation of the Supervisory Board AUDIT COMMITTEE  5 members − Chairman: appointed by the Supervisory Board (Dr. Wulf Bernotat) − Three shareholder representatives (Dr. Wulf Bernotat, Igor Landau, Dr. Helmut Perlet) − Two employee representatives (Ira Gloe-Semler, Jean-Jacques Cette) − Independent members with expert knowledge of accounting/auditing: Dr. Wulf Bernotat, Igor Landau − Initial review of the annual ­Allianz SE and consolidated financial statements, management reports (incl. risk report) and the dividend proposal, review of half-yearly and quarterly financial reports − Monitoring of the financial reporting process, the effectiveness of the internal control and audit system and legal and compliance issues − Monitoring of the audit procedures, including the independence of the auditor and the services additionally rendered, awarding of the audit contract and discussion of key issues related to the external audit RISK COMMITTEE  5 members − Chairman: appointed by the Supervisory Board (Dr. Helmut Perlet) − Three shareholder representatives (Christine Bosse, Dr. Helmut Perlet, Peter Denis Sutherland) − Two employee representatives (Dante Barban, Franz Heiß) − Monitoring of the risk situation and special risk developments − Monitoring of the effectiveness of the risk management system − Initial review of the risk report and other risk-related statements in the annual financial statements and management reports of ­Allianz SE and the ­Allianz Group, informing the Audit Committee on the results of such reviews PERSONNEL COMMITTEE  3 members − Chairman: Chairman of the Supervisory Board (Dr. Helmut Perlet) − One further shareholder representative (Christine Bosse) − One employee representative (Rolf Zimmermann) − Preparation of the appointment of Board of Management members − Preparation of plenary session resolutions on the compensation system and the overall compensation of Board of Management members − Conclusion, amendment and termination of service contracts of Board of Management members, unless reserved for the plenary session − Long-term succession planning for the Board of Management, taking diversity into account and, in particular, aiming for an adequate representation of women − Approval of the assumption of other mandates by Board of Management members NOMINATION COMMITTEE  3 members − Chairman: Chairman of the Supervisory Board (Dr. Helmut Perlet) − Two further shareholder representatives (Prof. Dr. Renate Köcher, Peter Denis Sutherland) − Setting of concrete objectives for the composition of the Supervisory Board − Establishment of selection criteria for shareholder representatives on the Supervisory Board in compliance with the Code’s recommendations on the composition of the Supervisory Board − Selection of suitable candidates for the election to the Supervisory Board as shareholder representatives Annual Report 2012    Allianz Group66

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