The selection of Management Board members is based on the following material criteria: professional suitability (i.e. whether the candidate possesses the requisite competence and experience) and personality traits (e.g. personal integrity). In addition, age and gender are also included in the decision-making process. Independent management audits by external advisers as necessary ensure that the decisions are also based on objective evaluations. At present, no woman sits on the Management Board of voestalpine AG. There is balance in terms of the distribution of age, educational background, and professional experience.
The shareholder representatives on the Supervisory Board are elected by the Annual General Meeting in accordance with the applicable statutory framework. This also includes taking account of the requirements under the Austrian Act on Gender Parity in Supervisory Boards (Gleichstellungsgesetz von Frauen und Männern im Aufsichtsrat – GFMA-G). At this time, the Supervisory Board includes one woman and one non-Austrian national. There is balance in terms of the distribution of age, educational background, and professional experience.