Management Board

Tasks of the Management Board

The Management Board of Uniper SE manages the Company under its own responsibility in accordance with the law, the provisions of corporate by-laws and the rules of procedure for the Management Board and the Supervisory Board as well as the resolutions of the general meeting of shareholders. The Management Board represents the Company vis-á-vis third parties. It manages the business of the company with all its members bearing joint responsibility for its decisions.

The Management Board determines and updates business objectives, fundamental strategic orientation, corporate policy and group organization. This includes, in particular, supervision of the Group and its financial resources, the development of the human resources strategy, appointments to management positions within the Group and leadership development as well as representation of the Group to capital markets and the general public. In addition, it is responsible for the coordination and monitoring of operations in accordance with the established Group strategy.

The Management Board is appointed by the Supervisory Board and reports to the latter.

In this respect, the Management Board, headed by the CEO, reports regularly, comprehensively and in a timely manner to the Supervisory Board, on all relevant issues relating to corporate planning, business development, compliance, risk exposure and risk management. It responds to deviations in business performance from previously formulated plans and targets, providing details as to causes. The Management Board must, in principle, provide to the Supervisory Board a quarterly report on company matters as specified in Section 90 AktG (Stock Corporation Act) as well as reports on the group. The Management Board must also submit investment, financial and personnel plans for the Group to the Supervisory Board in addition to a medium-term plan.