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Part 4 · Constitution of the stock corporation  ›  Division 2 · Supervisory board › Section 108

Resolutions adopted by the supervisory board

(1) The supervisory board takes its decisions by way of adopting resolutions.

(2) Unless this has been stipulated by law, the quorum of the supervisory board may be determined in the by-laws. Where the quorum has been stipulated neither by law nor in the by-laws, the supervisory board has a quorum only if at least one half of the members of which it must be comprised overall, according to the law or the by-laws, participates in the adoption of the resolution. In any case, at least three members must participate in adopting the resolution. The supervisory board is prevented from having a quorum by the fact that fewer members belong to the supervisory board than the number specified by law or in the by-laws even if the ratio relevant to its composition has not been maintained.

(3) Absent members of the supervisory board may participate in the adoption of resolutions by the supervisory board and its committees by having written votes delivered. The written votes may be delivered by other members of the supervisory board. They may also be physically handed over by persons who are not members of the supervisory board if such persons are entitled to participate in the meeting pursuant to section 109 (3).

(4) The supervisory board and its committees may adopt resolutions in writing, by telephone or by other comparable forms, subject to a more detailed provision in the by-laws or in the rules of procedure of the supervisory board, only if no member objects to proceeding in this manner.

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