Common use of List of Criteria Clause in Contracts

List of Criteria. 10.1. Necessary aptitude, qualifications and experience shall be taken into account in the nominations and election for the mandate of a member of the Supervisory Board. In addition, the requirements of the Gender Quota Act must be fulfilled as follows: The minimum level of gender-based representation must be respected on both the employee side and the shareholder side respectively; clause 3.6 sentence 3 shall apply. 10.2. Further criteria for selecting Candidates are knowledge of primary insurance, reinsurance, investment, markets and clients, international experience and knowledge of foreign languages. Candidates should be focused on company interests, also in terms of safeguarding attractive jobs with a future in the long term. 10.3. By no later than 13 months before the scheduled commencement of the term of office of the Supervisory Board members to be elected, the Standing Committee of the EEB shall approve a list of criteria. The competence profile approved by the Supervisory Board shall be taken into proper consideration. The previous list of criteria shall remain in force until a new list of criteria is approved by the Standing Committee. Until the first list of criteria is drawn up by the Standing Committee, the list of criteria approved by the EEB at its meeting on 18 November 2013 shall apply. Legal and other current developments in the area of corporate governance must also be taken into account.

List of Criteria. 10.1. Necessary aptitude, qualifications and experience shall be taken into account in the nominations and election for the mandate of a member of the Supervisory Board. In addition, the requirements of the Gender Quota Act must be fulfilled as follows: The minimum level of gender-based representation must be respected on both the employee side and the shareholder side respectively; clause section 3.6 sentence 3 shall apply. 10.2. Further criteria for selecting Candidates are knowledge of primary insurance, reinsurance, investment, markets and clients, international experience and knowledge of foreign languages. Candidates should be focused on company interests, also in terms of safeguarding attractive jobs with a future in the long term. 10.3. By no later than 13 months before the scheduled commencement of the term of office of the Supervisory Board members to be elected, the Standing Committee of the EEB shall approve a list of criteria. The composition objectives and the competence profile approved by for the overall Supervisory Board shall be taken into proper considerationconsideration in this respect. In addition, statutory and other current developments in the corporate governance area must be taken into account. This includes regulatory standards, especially the requirements from the German Federal Financial Supervisory Authority (BaFin) as to qualifications and dependability. The previous list of criteria shall remain in force until a new list of criteria is approved by the Standing Committee. Until the first list of criteria is drawn up by the Standing Committee, the list of criteria approved by the EEB at its meeting on 18 November 2013 shall apply. Legal and other current developments in the area of corporate governance must also be taken into account.