With its Executive Board and Supervisory Board, freenet AG has a split management and monitoring structure as required by its legal form.

The Supervisory Board, as the independent monitoring body of the public limited company, advises the Executive Board on the management of the company and monitors its activities in accordance with the law, the articles of association and the rules of procedure. It is thereby legally bound by the company’s best interests.

The Supervisory Board is directly involved in decisions on matters of fundamental importance to the company. It also confers with the Executive Board the company’s strategic orientation and regularly discusses the implementation status of the business strategy. Further duties of the Supervisory Board include the appointment and dismissal of Executive Board members, the establishment of the Executive Board’s compensation and the approval of the annual financial statements.

The Supervisory Board may establish one or several committees which prepare specific kinds of transactions and the corresponding resolutions and which monitor the execution of such resolutions. freenet’s Supervisory Board has exercised this option provided by law. The Supervisory Board has given a detailed account of the duties of the committees and their activities during the year under review in its report.

In accordance with the German Codetermination Act (Mitbestimmungsgesetz), freenet AG’s Supervisory Board has 12 members and is formed in equal parts by six shareholder representatives and six employee representatives. Chairperson of the Supervisory Board is Maarten Henderson.