AmazonScience/document-haystack

1received regular reports on the engagement of accounting firms, including the statutory 2auditor, for non-audit-related services. In this context, the Committee also monitored 3compliance with the non-audit fee cap. In addition, KPMG regularly reported on the audit 4strategy as well as its status and the Committee determined audit quality indicators to assess 5the quality of the audit.6In extraordinary meetings, the Audit and Risk Committee particularly focused on the multi-7year transformation program, the connections between the transformation program and 8DWS’s controls and processes, audits of the IT systems and processes and the charging of 9services within the Group. 10Representatives of the statutory auditor, the Chief Financial Officer, the Chief Administrative 11Officer, the Chief Operating Officer, the Head of Internal Audit, the Group Controller and the 12Chief Risk Officer attended all ordinary meetings of the Audit and Risk Committee. The Chief 13Executive Officer also attended meetings on a case-by-case basis. When the statutory auditor 14was called in as an expert, the Committee decided on the Executive Board’s attendance. In 15one instance, the Committee consulted with the statutory auditor without the Executive 16Board’s participation.17Remuneration Committee18The Remuneration Committee held four meetings in 2023.19The Committee supported the Supervisory Board in monitoring the appropriate structure of 20the compensation systems for DWS’s employees and, in particular, the appropriate structure 21of the compensation for the Head of Compliance and for the employees who have material 22influence on the overall risk profile of the Group, i. e., Material Risk Takers. In this regard, the 23Committee reviewed the DWS Compensation Policy and addressed changes to the 24compensation system. 25Further, the Committee monitored the Group’s cultural change program. With regard to 26corporate culture, the Committee also dealt comprehensively with the results of respective 27employee surveys. 28Moreover, the Committee was regularly informed about significant regulatory developments 29and the anticipated impact on the Group’s compensation framework as well as on the 30Remuneration Committee’s area of responsibility. In this regard, the Committee received 31regular reports on the status of the regulatory-driven implementation of and the Group’s 32compliance with supervisory regulations.33Finally, the Committee monitored the preparation for the 2023 year-end process as well as 34the governance regarding compensation decisions and received reports on how these are 35carried out in line with Group policies.36The Chief Administrative Officer, the global Head of HR and the Group Compensation Officer 37attended all ordinary meetings of the Remuneration Committee.38Nomination Committee39The Nomination Committee held eleven meetings in 2023. 40The Nomination Committee prepared the Supervisory Board’s proposals for the election of 41new shareholder representatives to the Supervisory Board by the Annual General Meeting on 4215 June 2023.43Furthermore, the Committee was particularly concerned with the process for selecting further 44shareholder representatives, including a new designated Chairperson of the Supervisory 45Board. This selection process was conducted with the assistance of an independent executive 46recruiter. In this context, the Committee took into account the statutory provisions, guidelines 47from supervisory authorities and criteria specified by the Supervisory Board for its 48composition as well as the balance and diversity of the knowledge, skills and experience of all 49members of the Supervisory Board, prepared a job description with a candidate profile, and 50stated the time commitment associated with the tasks.51Furthermore, the Committee prepared the Supervisory Board’s self-assessment. Specifically, 52the Committee evaluated the results of this assessment, identified priorities and made 53recommendations on potential actions.54Adhoc Committee55The Adhoc Committee held 5616 meetings in 2023. The Committee regularly and thoroughly 57covered the handling of the ESG matters by the Executive Board, in particular with regard to 58the requests for information from US and German authorities. The Adhoc Committee received 59regular and, if necessary, occasional reports from the Executive Board and the mandated 60legal advisors. In addition, the Adhoc Committee dealt with the Supervisory Board's 61investigation regarding the Executive Board's use of electronic communication systems and 62with other internal matters.63Following the settlement of the ESG matter with the US Securities and Exchange Commission, 64the Committee dealt with the effects and the completion of the internal investigations.65         66To our 67Shareholders68Summarised 69Management Report70Consolidated 71Financial Statements72Compensation 73Report74Corporate Govern-75ance Statement76Supplementary 77Information DWS 2023 Annual Report78 79Report of the Supervisory Board80IX