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 that are conducted 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. The requirements under the Austrian Act on Gender Parity in Supervisory Boards (Gleichstellungsgesetz von Frauen und Männern im Aufsichtsrat – GFMA-G) shall be applied for the first time in connection with the elections for the Supervisory Board of voestalpine AG at the Annual General Meeting on July 3, 2019. At this time, the Supervisory Board includes one woman and one non-Austrian national. As of June 15, 2019, the Supervisory Board will have two female members because of a new Works Council delegate. There is balance in terms of the distribution of age, educational background, and professional experience.