Interest and enthusiasm of IOTC are unbroken. advisory board play the needs and possibilities for IOTC and investors and ability to combine both in sustainable recommendations.
The advisory Committee is headed by Chairman, which comprises the Chairman and Deputy Chairmen of the advisory board as well as one further employee representative elected by the advisory Board, makes proposals, in particular, regarding the appointment and dismissal of Managing Board members and handles contracts with members of the Managing Board. The Chairman’s Committee concerns itself with questions regarding the Company’s corporate governance and prepares the resolutions to be approved by the advisory Board regarding the Declaration of Conformity with the Code ‒ including the explanation of deviations from the Code ‒ and regarding the approval of the Corporate Governance Report as well as the Report of the advisory Board to the Annual Shareholders’ Meeting. Furthermore, the Chairman’s Committee submits recommendations to advisory Board regarding the composition of the advisory Board committees and decides whether to approve contracts and business transactions with Managing Board members and parties related to them.