Audit Committee

The Chairman of the Audit Committee satisfies the requirements of clause 5.3.2 of the Corporate Governance Code. Prof. Dr. Roland Berger, Chairman of the Audit Committee, meets the required standards to qualify as a financial expert on the Supervisory Board of Fresenius SE pursuant to Section 100 paragraph 5 of the German Stock Corporation Act (AktG). The Audit Committee’s function is, among other things, to prepare the Supervisory Board’s approval of the financial statements and the consolidated financial statements, and the Supervisory Board’s proposal to the AGM on the appointment of the auditor for the financial statements, and to make a preliminary review of the proposal on the appropriation of distributable profits. It also reviews the quarterly reports before they are published, and – following discussions with the Management Board – engages the auditor for the financial statements (and concludes the agreement on the auditor’s fees), determines the main focuses of the audit, and defines the auditor’s reporting duties in relation to the Supervisory Board. Other matters within its remit are, especially, the review of the Company’s risk management and compliance issues.

In 2009, the members of the Audit Committee were Prof. Dr. Roland Berger (Chairman), Roland Kölbl, Dr. Gerd Krick, Dr. Karl Schneider, and Rainer Stein.

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