The aim of Allianz SE’s Supervisory Board is to have members who are equipped with the necessary skills and competence to properly supervise and advise Allianz SE’s management. The objectives and requirements of the Supervisory Board for its composition in the version dated January 2020 are shown below.
The Supervisory Board's work
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 considers it good corporate governance to publish the details of individual members’ participation in plenary sessions and committee meetings.
Term of office
As a rule the term of office of Supervisory Board members is five years. Shorter terms as well as reappointments are permissible.
Remuneration
The members of the Supervisory Board of Allianz SE receive a fixed remuneration for their function. The remuneration is published on an individualized basis in the Annual Report.
Directors' Dealings and equity holdings
On this website Allianz SE publishes all directors' dealings according to article 19 of the EU Market Abuse Regulation (DGAP website).
D&O Liability Insurance
Members of the management and supervisory bodies of Allianz SE have a Directors & Officers Liability Insurance, which covers the liability from their officerships and directorships.
Supervisory Board Report on fiscal 2019
During the entire reporting year, the Supervisory Board observed the duties incumbent upon it in accordance with the law and the Statutes. The Supervisory Board advised the Management Board in the running of the business and supervised the management of the company. The Supervisory Board was directly involved in decisions of fundamental importance.