In accordance with the statutes, Henkel also has, in addition to a Supervisory Board, a Shareholders’ Committee which, on behalf of the Annual General Meeting, is also involved in the management of the businesses. Furthermore, the Shareholders’ Committee is responsible for appointing and removing personally liable partners and has power of authority and management authority for the legal relationship between the company and personally liable partner Henkel Management AG. It is also responsible for issuing internal rules of procedure guiding the actions of the Management Board, and for stipulating classes of business transaction that require approval.

The Shareholders’ Committee has established a Finance and also a Human Resources subcommittee, drawn from among its members. The Finance Committee deals principally with financial matters, accounting issues including the statutory year-end audit, taxation and accounting policy, and risk management in the corporation. The Human Resources Subcommittee deals principally with discussing personnel matters relating to members of the Management Board and with questions relating to human resources strategy and remuneration.