The Group Executive Board (GEB) oversees our operational performance management. As our primary executive management body, the Group Executive Board is responsible for the operational management and oversight of the partnership, under the supervision of the Group Governance Council, with regard to our collectively-defined key strategic objectives. Operating with full transparency and independence, the Group Governance Council supervises and oversees the activities of our Group Executive Board on behalf of the partnership.
Group Executive Board
The Group Executive Board is appointed as follows:
- The Partners elect the Chairman of the Group Executive Board during the General Meeting.
- The Partners then elect the other members of the Group Executive Board on the basis of a proposal from the elected Chairman.
The current members of the Group Executive Board are:
Former Chairmen and CEOs of the Group
Group Governance Council
The Group Governance Council (GGC) is the Group’s impartial and independent supervisory body. Since December 2011, it has included independent external members, elected by the partners at the General Assembly. The GGC has decision-making powers in three specific areas: the approval of partnership candidates and external growth operations, the compensation of the members of the Group Executive Board and the approval of disciplinary action decided by the latter.
The current members of the Group Governance Council are: