Report
Expert Corporate Governance Service (ECGS)
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BASF - AGM 03 May 2019

Items 6.3, 6.4 and 6.5: We recommend to oppose the (re-)election of Franz Fehrenbach and Dr. Alexander C. Karp to the Supervisory Board due to concerns over aggregate time commitments. Furthermore, we recommend to oppose the re-election of Dr. Jürgen Hambrecht, Chairman of the Supervisory Board's Personnel Committee ("Remuneration Committee"), due to our ongoing concerns over the structure of remuneration granted to Management Board members under the new remuneration system applicable since financial year 2018.

Underlying
BASF AG

BASF is a chemical company based in Germany. Co. conducts its operations through five reportable segments: Chemicals, which comprises the Petrochemicals, Monomers and Intermediates divisions; Performance Products, which consists of the Dispersions & Pigments, Care Chemicals, Nutrition & Health and Performance Chemicals divisions; Functional Materials & Solutions, which comprises the Catalysts, Construction Chemicals, Coatings and Performance Materials divisions; Agricultural Solutions, which comprises the Crop Protection division; and Oil & Gas, which is composed of the Oil & Gas division.

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Proxinvest
Proxinvest

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