Tasks of the Management Board
The Management Board of Uniper SE manages the Company under its own responsibility in accordance with the law, the provisions of corporate by-laws and the rules of procedure for the Management Board and the Supervisory Board as well as the resolutions of the general meeting of shareholders. The Management Board represents the Company vis-á-vis third parties. It manages the business of the company with all its members bearing joint responsibility for its decisions.
The Management Board determines and updates business objectives, fundamental strategic orientation, corporate policy and group organization. This includes, in particular, supervision of the Group and its financial resources, the development of the human resources strategy, appointments to management positions within the Group and leadership development as well as representation of the Group to capital markets and the general public. In addition, it is responsible for the coordination and monitoring of operations in accordance with the established Group strategy.
The Management Board is appointed by the Supervisory Board and reports to the latter.
In this respect, the Management Board, headed by the CEO, reports regularly, comprehensively and in a timely manner to the Supervisory Board, on all relevant issues relating to corporate planning, business development, compliance, risk exposure and risk management. It responds to deviations in business performance from previously formulated plans and targets, providing details as to causes. The Management Board must, in principle, provide to the Supervisory Board a quarterly report on company matters as specified in Section 90 AktG (Stock Corporation Act) as well as reports on the group. The Management Board must also submit investment, financial and personnel plans for the Group to the Supervisory Board in addition to a medium-term plan.
Taking into account the German Act Implementing the Second Directive on Shareholders’ Rights ("ARUG II") and the new German Corporate Governance Code (GCGC), the Supervisory Board, based on the preparatory work of its Executive Committee, resolved to amend the system for the compensation of Management Board members effective January 1, 2021 and submitted the revised compensation system to the Annual General Meeting on May 19, 2021 for approval under agenda item 8. The Annual General Meeting approved the system for the compensation for members of the Management Board with a majority of 97.65%.
Effective March 29, 2021, the Management Board consists of Prof. Dr. Klaus-Dieter Maubach, the Chief Executive Officer (CEO), Tiina Tuomela, the Chief Financial Officer (CFO), David Bryson, the Chief Operating Officer (COO), and Niek den Hollander, the Chief Commercial Officer (CCO).Find out more about the members of the Uniper Management Board