Meetings of the Supervisory Board
The Supervisory Board was involved in all decisions of fundamental significance for DB AG.
In the year under review, the Supervisory Board held four ordinary meetings and three extraordinary meetings, as well as one strategy meeting. The Supervisory Board also discussed in detail at five information events the annual financial statements, the strategy, the process for the disposal of DB Arriva and the content of the Performance and Financing Agreement III.
In the year under review, one member of the Supervisory Board did not attend or did not fully participate in at least half of the meetings. In the reporting period, two resolutions were adopted in a written procedure. Meetings of the Executive Committee, the Personnel Committee and the Audit and Compliance Committee were held in preparation for the scheduled meetings of the Supervisory Board of DB AG.
The main issues discussed in the plenary meetings were the development of Deutsche Bahn Group’s (DB Group’s) revenues, profit and employment situation, as well as significant capital expenditure and equity investment projects.
The Supervisory Board regularly discussed the progress and the cost development of the major Stuttgart 21/Wendlingen - Ulm project in its scheduled meetings during the reporting period, on each occasion joined by the Chairman of the Advisory Board of DB Projekt Stuttgart -Ulm GmbH.
In the annual strategy discussion, the Supervisory Board discussed in detail the modified Strong Rail umbrella strategy presented by the Management Board, as well as the measures planned for its implementation. In the meetings that followed, the Supervisory Board was presented with detailed considerations of the measures to implement the strategy.
The Supervisory Board also discussed significant individual matters, such as the procurement of trains for long-distance and high-speed transport, and passed the necessary resolutions. Particularly noteworthy here are the discussion of the financing and indebtedness situation and the process of the intended disposal of DB Arriva. Another significant focus of the Supervisory Board’s work in the reporting period was a special investigation by the Supervisory Board with regard to the issuing of consultancy contracts to former governing body members, executives or other persons. In the second half of 2019, the Supervisory Board also considered the impact of the Federal Government’s Climate Action Program 2030 on DB Group, which will direct additional funding of about € 11 billion to infrastructure over the period from 2020 to 2030. The Management Board discussed the impact on corporate planning and the intended implementation steps with the Supervisory Board.
In addition, the Supervisory Board decided on personnel changes in the Management Board of DB AG during the reporting period.
Furthermore, in December, the Supervisory Board discussed the 2020 to 2024 mid-term planning for DB Group and approved firstly the DB Group budget for the 2020 financial year then at a special meeting on February 19, 2020 the project and capital expenditure planning for 2020 to 2024, taking into account the above-mentioned effects of the Climate Action Program 2030 on corporate planning.