Careful management of potential risks to the Company takes a high priority in our daily work. We have implemented a risk management system that helps us to identify risks and optimize risk positions. We continually adapt this system to changes in the operating environment. Extensive details of this system and a description of our financial reporting-related internal control system may be found in the .
The Audit Committee established by the Supervisory Board deals in particular with issues relating to financial reporting, risk management, including the internal control system and compliance, the required independence of the auditors, the engagement of the auditors, the definition of areas of emphasis of the audit and the agreed fee. As recommended by the German Corporate Governance Code, the Chairman of the Audit Committee, Dr. Oliver Ferdinand Porsche, has particular expertise and experience in the application of financial reporting principals and internal control systems.