As a rule the term of office of Supervisory Board members is four years. It is set forth in the Statutes of Allianz SE, whereby members of the Supervisory Board shall be appointed for a period until the close of the General Meeting which resolves on the ratification of actions in respect of the third financial year following the beginning of the term of office. The financial year in which the term of office begins does not count towards this period. Reappointments are permissible.
In order to consider the objectives for the composition of the Supervisory Board, especially the age limit and the length of the term of membership, and, in order to respond flexibly to changes in the competence requirements, the term of office for some of the members of the Supervisory Board listed below will not encompass the regular term of office of four years. This will also enable the incremental formation of a “staggered board” for the future.