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From 1952 to 1966, he also sat on the supervisory board.
He was the only member of the 15-person supervisory board to do so.
The pay for sitting on a supervisory board is already public.
The director is elected by the supervisory board for a period of three years.
For companies with 500-2000 employees, one third of the supervisory board must be elected.
The supervisory board is meant to set the company's general agenda.
"That did not sit well with the supervisory board," he added.
He had been under mounting pressure to leave, even from other members of the company's supervisory board.
His future is expected to be decided on Tuesday at a meeting of the company's 20-member supervisory board.
They may also participate in committees of the supervisory board.
However, the supervisory board has the power to participate in the decision-making process.
The changes will become official at a supervisory board meeting scheduled on Friday.
Perhaps that explains why there are so few women on supervisory boards?
The supervisory board, in theory, is intended to provide a monitoring role.
After approval, only union members would be able to vote for candidates to the supervisory board.
He continued with supervisory board and advisory duties until his death.
He was the deputy chairman of the supervisory board up till his death in 2011.
In addition, there is a supervisory board with six members, one of whom functions as secretary.
It is this supervisory board which votes on executive compensation.
However, the supervisory board is not bound to act upon a shareholder vote.
Must have a supervisory board in addition to the management board.
The management board must report to the supervisory board at least every three months.
In 1954 he became a member of the supervisory board of this company.
Supervisory boards of the two banks approved the deal Sunday night.
He left in 2002 and became chairman of the supervisory board in 2004.