Supervisory Board |
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With its 19,000 employees, Heidelberger Druckmaschinen AG is subject to the Codetermination Act which in Section 6 and 7 requires the creation of a supervisory board made up of equal number of staff and other representatives. Pursuant to Section 7 paragraph 1 of the Codetermination Act, in companies with a workforce of 10,000 to 20,000 employees, this supervisory board must consist of eight staff representatives and eight representatives of the shareholders.
According to the Codetermination Act the most important responsibilities of the supervisory board include the appointment or the dismissal of management board members, the supervision and guidance of the management board, the approval of the annual financial statements, as well as significant corporate planning measures and business decisions.
As at: June 27, 2006
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Global, Regional, Local
Heidelberg's 250 support centers in 170 countries and a team of over 7,500 sales staff, 4,500 of which are service technicians, mean we have the most compre- hensive sales and service network in the entire indus- try. Heidelberg generates 85 percent of its sales through its own sales companies and achieves around 87 percent of its sales abroad.
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