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  • Board of trustees

    According to the foundation’s Articles of Association, the Board of Trustees consists of at least five members who must have the professional and personal qualifications required for such an office based on their education and social standing. At least two thirds of the members of the foundation’s Board of Trustees must be shareholders of family businesses, their spouses or members of the management of a family business, including former members.

    The Board of Trustees has the following duties: Advising and monitoring the Executive Board, annual approval of the actions of the Executive Board, examination and approval of the annual financial statements submitted by the Executive Board and the report on the fulfilment of the foundation’s purpose, approval of legal transactions requiring authorisation. It meets at least twice a year.

Copyrights: Foundation for Family Businesses / Thorsten Jochim / Marco Urban / Werner Schüring
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