The Management Board, the Shareholders' Committee and the Supervisory Board work closely together for the good of the Company. The Management Board discusses the strategic direction of the Company with the Shareholders' Committee and the two bodies regularly consult on the progress being made in its implementation.
For transactions of fundamental significance, the Shareholders’ Committee has established a right of veto in the procedural rules governing the actions of Henkel Management AG in its function as sole personally liable partner. This covers, in particular, decisions or measures that materially change the net assets, financial position or results of operations of the Corporation. The Management Board complies with these rights of consent and also the spheres of authority of the General Meeting in matters subject to statutory control.
In keeping with good corporate management practice, Management Board informs the Shareholders’ Committee and the Supervisory Board regularly, and in a timely and comprehensive fashion, of all issues of relevance to the Corporation concerning business policy, corporate planning, profitability, the business development of Henkel AG & Co. KGaA and of major Group companies, and also the risk situation and risk management structures and activities.