Carefully managing potential risks to the Company plays a significant role in our daily work. We have therefore implemented a risk management system that helps us to identify risks and optimize existing risk positions. We continually adapt this system to changes in the operating environment. Extensive details of the risk management system and a description of our accounting-related internal control system may be found in the Risk Report.
The Audit Committee established by the Supervisory Board deals in particular with accounting and risk management issues, including the internal control system, and 
compliance. Its tasks also include supervising the required independence of the auditors, the engagement of the auditors, the definition of areas of emphasis of the audit and the agreed fee. As recommended in article 5.3.2 of the German Corporate Governance Code, the Chairman of the Audit Committee, Dr. Ferdinand Oliver Porsche, has particular expertise and experience in the application of financial reporting principles and internal control systems.
