The boards of PIERER Mobility AG consist of the Executive Board, the Supervisory Board and the Annual General Meeting.
The Executive Board of PIERER Mobility AG or the individual Executive Board members, respectively, act on the basis of the laws, the Articles of Association and the Executive Board’s rules of procedure, which have been laid down by the Supervisory Board and which govern the rules for cooperation between the Executive Board members as well as the allocation of the duties within the Executive Board. Until the 26th Annual General Meeting on April 21, 2023, the Executive Board was made up of four members. The 26th Annual General Meeting resolved, in accordance with the election proposal of the Executive Board and the Supervisory Board under agenda item 9, to change the number of Executive Board members elected by the Annual General Meeting within the limits set out in the Articles of Association. Pursuant to the articles of association, the executive board is made up of at least one, but no more than eight members appointed. The executive board currently consists of seven members:
The Supervisory Board is made up of at least three members who are elected by the Annual General Meeting, plus as many employee representatives as are required according to Section 110 (1) of the Austrian Labor Relations Act. The members of the Supervisory Board are elected by the Annual General Meeting, for a term that shall not go beyond the end of the General Meeting resolving on the discharge of the Executive Board for the fourth financial year following the election; in determining what constitutes the fourth financial year, the financial year in which the member is elected is excluded. Currently, the Supervisory Board consists of six members, of these five are independent in accordance with C-Rules 53 and 54 of the ÖCGK:
In the financial year 2022, the Supervisory Board addressed the efficiency of its activities, in particular its organization and working methods, and carried out a self-evaluation within the meaning of C-Rule 36 of the Austrian Code of Corporate Governance (see further information in the Report of the Supervisory Board for the Business Year 2022 - Page 24 in the Annual Report 2022).