Evaluation

The Supervisory Board conducted an evaluation of its performance, the performance of its committees, that of its members, and the relationship with the Board of Management and its members. The evaluation was performed by an independent external specialist. It was done by means of an online questionnaire and structured interviews with all the members of the Supervisory Board. A report of the evaluation, including observations and recommendations, was discussed by the Supervisory Board. General observations are in line with previous years, indicating a positive, open, and constructive interaction between the Supervisory Board and the Board of Management. The experience of the Supervisory Board is seen in the high quality of the committees’ performances. The main topics for the 2025 agenda include continued focus on performance of the business and execution of the current strategy, overseeing the preparation of the strategy for the 2026-2030 period, safety, and succession planning for members of the Board of Management and Executive Committee.

The Board of Management also conducted a self-evaluation of its performance and that of its members, which was performed by an independent external specialist. This was done by means of an online questionnaire to the Board of Management members and several members of the Executive Committee, followed by structured interviews with all members of the Board of Management. The survey covered the relationship to and with the Supervisory Board and its members. General observations are that the size, composition of, and the dynamics within the Executive Committee are effective and collaborative and that there is a good interaction with the Supervisory Board. The main topics for the 2025 agenda include continued focus on driving profitability and growth, safety, the preparation of the strategy for the 2026-2030 period, enhancing the understanding of new technologies including their potential impact on the business, and strengthened focus on culture, talent, and succession.