Reports from members of the supervisory board

Members of the supervisory board who have been elected or delegated to same at the instigation of a local authority are not under any duty of secrecy regarding the reports they are to submit to the local authority. This does not apply to confidential information and secrets of the company, particularly trade secrets or business secrets, if the knowledge of same is not relevant to the purpose of the reports. The reporting obligation pursuant to sentence 1 may be based on the law, the by-laws or a legal transaction of which the supervisory board is notified in text form.