The Executive Board of Linde AG manages the company and conducts its business. According to the worldwide installation of The Linde Group the four-headed Executive Board consists internationally. The Executive Board is bound to the interests of the company and is responsible for achieving sustainable increases in the value of the company. It decides on the strategic direction of the company, obtains the Supervisory Board's approval of this, and ensures that the overall strategy is implemented. Moreover, it is responsible for annual and multi-year budgets and for the preparation of quarterly, annual and Group financial statements. It also ensures that appropriate risk management procedures are adopted and that detailed reports are delivered promptly and on a regular basis to the Supervisory Board, which cover all strategic issues relevant to the Group, medium-term corporate planning, business development, the risk situation, risk management and the attention of the legal regulations as well as the Rules of The Linde Group (Compliance). Procedures and transactions effected by the Executive Board which are of fundamental importance require the approval of the Supervisory Board. During their term of office, members of the Executive Board are subject to comprehensive covenants not to compete. They immediately disclose any conflicts of interest which arise to the Supervisory Board and notify their fellow board members.
The company has taken out consequential loss liability insurance (D+O or directors and officers insurance) for the members of the Executive Board and the Supervisory Board, with an appropriate excess. The rules of procedure of the Executive Board regulates the department competence of the single board members, the affairs reserved to the whole Executive Board as well as the necessary decision majority regulates with decisions of the management (majority decision).
Further Information
The Members of the Executive Board more
Executive Board emoluments more