Five segments, three brands
Deutsche Post World Net provides national and international services in five divisions under three brand names.
As a German stock corporation, Deutsche Post has a dual management and supervisory structure. The Group is managed by the Board of Management whose members are appointed for a maximum of five years by the Supervisory Board. Members can be reappointed, or their terms extended, by a maximum of five years. The Supervisory Board advises the Board of Management and oversees its management activities. The key features of the remuneration system for the Board of Management and Supervisory Board are shown in the remuneration report. The appointment and dismissal of members of the Board of Management is subject to the provisions of the Aktiengesetz (German Stock Corporation Act). Changes to the Articles of Association are adopted by resolution of the Annual General Meeting. Such resolutions require a simple majority of votes cast and a simple majority of the represented share capital. In instances where a majority consisting of three-quarters of the represented share capital is required by law, that majority applies.
The Group is subdivided into five divisions. The functions of Group management are performed at the Corporate Center. The divisions are responsible for business operations and constitute the reporting segments as required by International Financial Reporting Standards (IFRSs). They are managed by separate, centralized divisional headquarters.