The audit committee of a supervisory board is a body subordinate to the supervisory board. The establishment of an audit committee in no aspect changes the responsibility of a supervisory board as laid down in the legislation.
Its task is to support the supervisory board in areas in which it specialises. The decisions and measures adopted by a supervisory board based on the support provided by the audit committee fall within the responsibility of the supervisory board. An audit committee cannot decide on issues that fall within the competence of the supervisory board. The workers’ council has the right to appoint an employee representative in supervisory board and management board committees.
Best practice recommendations
06. 06. 2016 | Documents | ecoDa – PwC