The Supervisory Board did not adopt any resolutions in the reporting period on issues relating to the formation of the integrated automotive group with Porsche. As a result, no conflicts of interest could arise in this respect in particular with regard to those members of the Supervisory Board who are also members of the Supervisory Board of Porsche Automobil Holding SE.
In the Supervisory Board meeting on May 2, 2011, all members of the Supervisory Board approved the formation of the “Qatar Material Science Center” joint venture in Qatar by Volkswagen AG, Dr. Ing. h.c. F. Porsche AG, Qatar Holding and the Qatar Science & Technology Park. The Qatari members of the Supervisory Board also took part in the vote.
In its meeting on May 3, 2011, the Presidium of the Supervisory Board, chaired by Prof. Piëch, unanimously recommended to the Supervisory Board that it approve the share purchase that led to the mandatory offer with respect to MAN SE. The Supervisory Board granted its approval in its meeting on the same day. Prof. Piëch took part in the unanimous resolution. He is also the chairman of the Supervisory Board of MAN SE.
The AfGG granted individual approvals to a number of transactions with Dr. Ing. h.c. F. Porsche AG. A number of members of the AfGG are also members of the Supervisory Board of Porsche Automobil Holding SE and Dr. Ing. h.c. F. Porsche AG. No material conflicts of interest were discernible in this respect. All approvals were granted unanimously.
In its meeting on November 17, 2011, the Integrated Automotive Group Committee, which is also chaired by Prof. Piëch, also unanimously voted in favor of the formation of Porsche Sechste Vermögensverwaltung GmbH, Stuttgart, by Volkswagen AG and Porsche Automobil Holding SE. No resolutions had been adopted in the previous meeting.
No other discernible conflicts of interest were reported or arose in the reporting period.