Board of Directors

Here is a little posting on the Board of Directors of the BMW AG:

The BoD has one Chairman, 3 Deputy Chairman and 15 more members. The board therefore, consists of 19 members. This is a very large numbers regarding that it is suposed to be 12 members or less!

Looking through their other board memberships, it can clearly be said that these people are ver busy.
However, there doesn't seem to be a restriction on how long they are allowed to serve.
I want to point out 2 members:

Prof. Dr.-Ing. Dr. h.c. Dr.-Ing. E.h. Joachim Milberg
Chairman of the Supervisory Board BMW AG, Munich, Germany
Elected to Supervisory Board: 2004
Current term expires: 2012

Until May 2002, he was chairman of the managment board.

Other board memberships*: Supervisory Board, Bertelsmann AG, Gütersloh, Germany; Supervisory Board, Festo AG, Esslingen, Germany; Board of Directors, Deere & Company, Moline, Illinois, USA; Supervisory Board, ZF Friedrichshafen AG, Friedrichshafen, Germany

Manfred Schoch serves as a Deputy Chairman and Member of Supervisory Board of BMW Group. Mr. Schoch is Chairman of the Central Works Council.

I think Mr. Schoch is important to mention becasue as Prof. Busija mentioned in class, one mamber of the board has to be an employee (member of the union)or 2 members have to be independent ambassadors from the union.

Overll, this board seems to work well regarding the performance of BMW compared to other firms in this industry, although it doesn't fulfill our characteristics!