710000 Daimler AG

Proxy Report - 05/04/2018

Item 4: We uphold our recommendation to oppose the discharge of the Supervisory Board due to its decision not to claim for compensation against former or current Management Board members in connection with the conclusion of the European Commission's antitrust proceedings against the Company as we consider the investigations carried out to date to be insufficient and the Supervisory Board's decision not to be in the best interest of the Company's shareholders.

Items 5a and 5b: KPMG, Berlin, is proposed as auditor for the current financial year as well as for the review of the interim financial statements 2019 until the next AGM. We have no concerns over the ratio of non-audit/audit fees. However, we note that KPMG or its predecessors have audited the Company since at least the financial year 1979 which significantly exceeds our maximum acceptable term of office. We therefore recommend opposing the re-election of KPMG as auditor.

20/03/2018
32 pages
FR

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Underlying

Automobiles & Parts - Germany

Daimler AG (Daimler) is an automotive engineering company. The Company is engaged in the development, production and distribution of cars, trucks and vans in Germany, and the management of the Daimler Group. Daimler's segments include Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services. The Mercedes-Benz Cars segment includes vehicles of the Mercedes-Benz brand, including the brands, Mercedes-AMG and Mercedes-Maybach, as well as the Mercedes me brand. The Daimler Trucks segment develops and produces vehicles under the brands, including Mercedes-Benz, Freightliner, Western Star, FUSO and BharatBenz. The Mercedes-Benz Vans segment is a supplier of a range of vans and associated services. The Daimler Buses segment sells completely built-up buses under brand names, including MercedesBenz and Setra. The Daimler Financial Services segment supports the sales of its automotive brands in approximately 40 countries around the world.

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