ProSiebenSat.1 Media AG is a stock exchange-listed company with its registered head office in Unterföhring, near Munich. A stock corporation organized under German law has three main corporate bodies - the Executive Board, the Supervisory Board and the Annual General Meeting.
Strict separation of management and supervision
With the two corporate bodies, the Executive Board and Supervisory Board, ProSiebenSat.1 Media AG has implemented a dual management and supervision structure: The Executive Board manages and represents the company vis-à-vis third parties under its own responsibility, while the Supervisory Board appoints and dismisses Executive Board members and supervises their management. The shareholders exercise their co-administration and control rights at the annual general meeting.