Report of the Supervisory Board (condensed)

Lutz Feldmann, Chairman of the Supervisory Board
Lutz Feldmann, Chairman of the Supervisory Board
Lutz Feldmann

  • born 1957 in Bonn
  • Chairman of the Supervisory Board since 10 May 2016
  • independent business consultant
  • lives in Bochum

The discussions and resolutions at the plenary meetings of the Supervisory Board focused on the following key issues:

  • In-depth consultations and discussions with the Board of Management about the crisis management system for dealing with the coronavirus pandemic and the latest developments at the company with respect to the pandemic
  • Comprehensive discussions on the economic impact of the coronavirus pandemic, especially with respect to the temporary right for customers to withhold payment and the implementation of the temporary reduction in the VAT rate
  • In-depth consultations to evaluate the German cabinet’s resolution on the Coal Phase-out Act
  • Determining the level of the short-term variable remuneration for members of the Board of Management for 2019 and the long-term variable remuneration for members of the Board of Management for 2017 (performance period 2017 to 2019)
  • Determining the targets for members of the Board of Management for 2021 for their short-term and long-term variable remuneration
  • Consultation on the possible development of office locations
  • Consultation on the annual compliance and data protection report and the corresponding agenda for the following period
  • Consultation on an electromobility package for EnBW employees
  • Approval for the sale and transfer of the shareholding in MVV Energie AG held by EnBW AG
  • Endorsement of the annual financial statements and consolidated financial statements as of 31 December 2019 presented by the Board of Management
  • Approval of the decision taken by the Board of Management to pay out an advance dividend from retained earnings to shareholders for the 2019 financial year
  • Approval of the decision taken by the Board of Management to hold the ordinary Annual General Meeting 2020 as a virtual Annual General Meeting without any physical presence of shareholders and their proxies
  • Approval of the decision taken by the Board of Management to hold the ordinary Annual General Meeting 2021 as a virtual Annual General Meeting without any physical presence of shareholders and their proxies
  • Approval of the proposals to be made at the Annual General Meeting, including on the appropriation of retained earnings, the election of the auditor for the 2020 financial year, the remuneration of members of the Supervisory Board and the amendment of the Articles of Association
  • Regular reporting on the development of business activities in Turkey
  • Approval for the renewal of the syndicated credit line and the option to increase the volume
  • Regular consultation on the development of the financial ratings of EnBW AG
  • Regular reporting on the development of market prices for electricity, fuels and CO₂
  • Regular consultation on the development of the markets relevant to EnBW
  • Consultation on the number of trainees in 2020 and 2021
  • Consultation on the “EnBW connects” participation model through which local authorities in Baden-Württemberg can indirectly invest in Netze BW GmbH
  • Regular reporting on the operation, safety and, where relevant, dismantling of the nuclear power plants
  • Approval for the acquisition of Gas-Union GmbH
  • Approval of the new version of the strategic asset allocation and the amendment to the tactical bandwidths
  • Approval for an increase in the framework approval limit for short-term credit lines with banks
  • Approval for the issuing of another senior bond
  • Replacement and reassignment of members on the committees of the Supervisory Board due to members leaving the Supervisory Board
  • In-depth consultations and discussions with the Board of Management about long-term strategic planning (with a focus on the energy industry, digitalization, sustainability and climate protection)
  • Approval for the external financing of VNG AG
  • Approval for the tender for a general contractor for the expansion of the broadband system in the Enz district
  • Approval of a budget for the development of the He Dreiht offshore wind farm project
  • Consultation on the human resources strategy
  • In-depth consultations and discussions on the EnBW gas strategy
  • Approval for covering the financing needs of TransnetBW GmbH
  • Consultation on the self-assessment of the Supervisory Board
  • Appointment of Dirk Güsewell as a member of the Board of Management for the remit of “System critical infrastructure,” with his term of office beginning in 2021
  • Appointment of Dr. Georg Nikolaus Stamatelopoulos as a member of the Board of Management for the remit of “Generation infrastructure,” with his term of office beginning in 2021
  • Approval of the budget for the 2021 financial year and acknowledgment of the medium-term planning for the period 2021 to 2023 consisting of the plans for Group earnings, finance, investment and HR, as well as the result (HGB) and liquidity of EnBW AG
  • Approval for the submission of a bid for an invitation to tender for the operation of street lighting
  • Regular reporting on the participation in an auction in the offshore wind sector as part of an internationalization project
  • Resolution on the introduction of a clawback clause in the Board of Management remuneration system

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