In compliance with the Austrian Code of Corporate Governance the Supervisory Board of OMV determined the criteria of independence for its members. Members of the Supervisory Board have to declare their independence according to these criteria.
All members elected by the General Meeting have declared their independence from the Company and its Executive Board during the 2021 financial year and up to the time of making such declarations (C-rule 53 of the ACCG). Under C-rule 54 of the ACCG, Mark Garrett, Stefan Doboczky, Karl Rose, Elisabeth Stadler, Christoph Swarovski, Cathrine Trattner, and Gertrude Tumpel-Gugerell have made declarations to the effect that they were not shareholders with a stake of more than 10% or represented such shareholders’ interests during the 2021 financial year and up to the time of making such declarations. Furthermore, the abovementioned members of the Supervisory Board were nominated for the election as Supervisory Board members by Österreichische Beteiligungs AG, which must comply with the strict independence and incompatibility criteria of the Austrian Code of Corporate Governance when nominating or appointing persons as members of the Supervisory Boards of its affiliated companies and ensure that they exercise their activities on the Supervisory Boards of the affiliated companies independently of their own interests or those of legal entities closely associated with them.
The members Edith Hlawati, Jean-Baptiste Renard and Robert Stajic, elected by the 2022 Annual General Meeting, have also declared that they are independent of the company and its board (C-Rule 53 ACCG).