Present and accounted for. Meeting attendance rules.
We encourage members of the Board of Directors to attend all meetings of the Board and the committees on which they serve as well as to spend the necessary time needed to discharge their responsibilities appropriately. The Chairperson attends selected committee meetings as a guest.
Board meetings
| Meeting attendance in 20201 | |
|---|---|
| Total number of meetings held | 20 |
| – of which in-person meetings | 4 |
| – of which video or telephone conference meetings | 16 |
| Meeting attendance, in % | 98 |
| – Number of members who missed no meetings |
11 |
| – Number of members who missed one meeting | 1 |
| – Number of members who missed two or more meetings | 1 |
| Approximate meeting duration, in hours2 | 8.0 – 9.0 |
1 The Board consisted of 13 members at the beginning and the end of the year, with 1 member joining the Board (Robert Meddings) and 1 member leaving the Board (Alexander Gut).
2 The approximate meeting duration in hours refers only to those meetings, which were originally scheduled as in-person meetings, but due to the COVID-19 pandemic, had to be converted to video conference meetings (e.g. meetings held in April, June, August, October and December of 2020).
Governance and Nominations Committee meetings
| Meeting attendance in 20201 | |
|---|---|
| Total number of meetings held |
19 |
| – of which in-person meetings |
0 |
| – of which video or telephone conference meetings |
19 |
| Meeting attendance, in % |
96 |
| – Number of members who missed no meetings |
5 |
| – Number of members who missed one meeting |
0 |
| – Number of members who missed two or more meetings | 2 |
| Approximate meeting duration, in hours2 | 1.0 – 2.0 |
1 The Governance and Nominations Committee consisted of 5 members at the beginning of the year and 6 at the end of the year, with 2 members joining the committee (Christian Gellerstad, Richard Meddings) and 1 member leaving the committee (John Tiner).
2 The approximate meeting duration in hours refers only to those meetings, which were originally scheduled as in-person meetings, but due to the COVID-19 pandemic, had to be converted to video conference meetings (e.g. meetings held in April, June, August, October and December of 2020). This excluded the Governance and Nominations Committee, which held the majority of its meetings per telephone conference.
Audit Committee meetings
| Meeting attendance in 20201 | |
|---|---|
| Total number of meetings held | 18 |
| – of which in-person meetings |
1 |
| – of which video or telephone conference meetings |
17 |
| Meeting attendance, in % |
100 |
| – Number of members who missed no meetings |
6 |
| – Number of members who missed one meeting | 0 |
| – Number of members who missed two or more meetings | 0 |
| Approximate meeting duration, in hours2 | 5.0 – 6.0 |
1 The Audit Committee consisted of 5 members at the beginning and the end of the year, with 1 member joining the committee (Richard Meddings) and 1 member leaving the committee (Alexander Gut).
2 The approximate meeting duration in hours refers only to those meetings, which were originally scheduled as in-person meetings, but due to the COVID-19 pandemic, had to be converted to video conference meetings (e.g. meetings held in April, June, August, October and December of 2020).
Compensation Committee meetings
| Meeting attendance in 20201 | |
|---|---|
| Total number of meetings held | 11 |
| – of which in-person meetings |
1 |
| – of which video or telephone conference meetings |
10 |
| Meeting attendance, in % |
98 |
| – Number of members who missed no meetings |
3 |
| – Number of members who missed one meeting | 1 |
| – Number of members who missed two or more meetings | 0 |
| Approximate meeting duration, in hours2 | 2.0 – 3.0 |
1 The Compensation Committee consisted of the same 4 members at the beginning and at the end of the year.
2 The approximate meeting duration in hours refers only to those meetings, which were originally scheduled as in-person meetings, but due to the COVID-19 pandemic, had to be converted to video conference meetings (e.g. meetings held in April, June, August, October and December of 2020). The meetings of the Compensation Committee were on average 2 – 3 hours, with the exception of the meeting at the beginning of the year for the purposes of proposing variable compensation for the Group and the Executive Board; the approximate duration of this meeting was 4 – 5 hours.
Conduct and Financial Crime Control Committee meetings
| Meeting attendance in 20201 | |
|---|---|
| Total number of meetings held | 6 |
| – of which in-person meetings |
1 |
| – of which video or telephone conference meetings |
5 |
| Meeting attendance, in % |
100 |
| – Number of members who missed no meetings |
5 |
| – Number of members who missed one meeting | 0 |
| – Number of members who missed two or more meetings | 0 |
| Approximate meeting duration, in hours2 | 2.0 – 3.0 |
1 The Conduct and Financial Crime Control Committee consisted of 5 members at the beginning and the end of the year, with 1 member joining the committee (Richard Meddings) and 1 member leaving the committee (John Tiner).
2 The approximate meeting duration in hours refers only to those meetings, which were originally scheduled as in-person meetings, but due to the COVID-19 pandemic, had to be converted to video conference meetings (e.g. meetings held in April, June, August, October and December of 2020).
Risk Committee meetings
| Meeting attendance in 20201 | |
|---|---|
| Total number of meetings held | 9 |
| – of which in-person meetings |
1 |
| – of which video or telephone conference meetings |
8 |
| Meeting attendance, in % |
95 |
| – Number of members who missed no meetings |
5 |
| – Number of members who missed one meeting | 2 |
| – Number of members who missed two or more meetings | 0 |
| Approximate meeting duration, in hours2 | 5.0 – 6.0 |
1 The Risk Committee consisted of 6 members at the beginning and the end of the year, with 1 member joining the committee (Richard Meddings) and 1 member leaving the committee (John Tiner). Two of the nine meetings were non-mandatory workshops and not counted for attendance.
2 The approximate meeting duration in hours refers only to those meetings, which were originally scheduled as in-person meetings, but due to the COVID-19 pandemic, had to be converted to video conference meetings (e.g. meetings held in April, June, August, October and December of 2020).