The Supervisory Board supervises the policies pursued by the Managing Board and the general course of affairs and business of the Company and supports the Managing Board with its advice.
In fulfilling their duties, our Supervisory Board members serve the best interests of ST and its business, taking into consideration the interests of all ST shareholders and other stakeholders.
Our Supervisory Board supervises and advises our Managing Board in performing its management tasks and setting the direction of our affairs and business. Among other matters our Supervisory Board supervises the structure and management of systems of internal business controls, risk management, strategy and the financial reporting process. In addition, it determines the remuneration of the sole member of the Managing Board within the remuneration policy adopted by the General Meeting of Shareholders.
Our Supervisory Board in numbers
The members of our Supervisory Board are carefully selected based on their combined experience, expertise, knowledge, as well as the business in which we operate.
Our Board consists of such number of members as is resolved by the General Meeting of Shareholders upon a non-binding proposal of the Supervisory Board, with a minimum of six members. The Supervisory Board is currently composed of nine members, who are appointed for one or more three-year term(s).
The composition of the Supervisory Board shall be such that the combined experience, expertise and independence of its members enables the Supervisory Board to best carry out the variety of its responsibilities and duties to the Company and all others involved in the Company, consistent with applicable laws and regulations.
In performing its duties, our Supervisory Board is advised and assisted by the following committees:
- the Strategic Committee,
- the Audit Committee,
- the Compensation Committee,
- the Nominating and Corporate Governance Committee, and
- the Sustainability Committee.
The committees all report to our Supervisory Board. Only members of the Supervisory Board can be committee members.