(1) The management board is to submit the report on the relations of the company with affiliated enterprises to the supervisory board without undue delay after it has been drawn up. This report and, where the annual financial statements are to be audited by a statutory auditor, the statutory auditor’s additional report are to be forwarded also to each member of the supervisory board or, if the supervisory board has so resolved, to the members of a committee.
(2) The supervisory board is to audit the report on the relations of the company with affiliated enterprises and is to report on the results of its audit to the general meeting (section 171 (2)). Where the annual financial statements are to be audited by a statutory auditor, the supervisory board is to furthermore state its position in its report regarding the results obtained by the statutory auditor in auditing the report on the relations of the company with affiliated enterprises. An audit report issued by the statutory auditor is to be included in the report, and any refusal to issue such an audit report is to be expressly stated.
(3) The supervisory board is to declare at the end of its report whether exception is to be taken, based on the conclusive result of its audit, against the declaration made by the management board at the end of the latter’s report on the relations of the company with affiliated enterprises.
(4) Where annual financial statements are to be audited by a statutory auditor, said auditor is to participate in the deliberations of the supervisory board or of the committee on the report on the relations of the company with affiliated enterprises and is to report on the key results obtained in the audit.