Do's in the board of directors

Selection with compensation system, bonus; procuration issue
Selection and appointment of an auditor
Approval of budgets, annual reports, mid-term planning, strategies, financing, investments, acquisitions, splittings, company foundations, organisation and structures
Coordination of fundamental questions of business policy
Constructive-minded sceptical questioning of the company and business reports
Induction of special reports to the CEO for all major events as well as for special circumstances which are of critical importance to the liquidity and profitability of the company (the BM right to ask questions, the duty of the CEO to reply)
Supervision of the internal controlling systems / ICS (organisation plan, unity of all general internal guidelines, procedures and counter measures; compliance to the main guidelines of business policy; reliability and legitimacy of accounting, secure and enhance the efficiency of business procedures, secure values and information)
Supervision of the corporate governance / compliance
Supervision of risk management (risk profile, risk evaluation, proper capital strategy, funding, capital needs)
Internal auditing