Committees of the Board of Directors
The Board of Directors takes a number of measures to ensure that it has enough information to
fulfil its duties. This also includes two committees of the Board of Directors. The Risk, Audit & Compliance Committee meets on a regular basis to make an independent judgement on the external and internal audit, the internal control system including risk management, adherence to regulations and laws (compliance) and the annual financial statements. The Human Resources Committee advises on elections to the Board of Directors and Group Executive Management and their remuneration.
Risk, Audit & Compliance Committee
The Risk, Audit & Compliance Committee (RACC) is chaired by Anne Cheseaux and includes Jörg Zulauf, Chairman of the Board of Directors, and Thomas Truttmann, member of the Board of Directors. The RACC is responsible for risk assessments and for coordinating, monitoring and preparing decisions for the Board of Directors in the context of an assurance concept, as well as for managing and coordinating the work of the external and internal auditors. Decisions concerning the external audit are made by the Board of Directors.
Human Resources Committee
The Human Resources Committee, chaired by Jörg Zulauf, Chairman of the Supervisory Board, consists of Ingeborg Gasser-Kriss and Micheal Müller. The HRC prepares elections to the Supervisory Board and the Executive Board and the related remuneration for the Supervisory Board and the Executive Board. It also approves the succession planning and management development for the members of the Executive Board. In addition, the Committee reviews the SV Group incentive systems and the incentive applications of the members of the Executive Board. The Human Resources Committee defines the values and culture of the SV Group.
