The annual general meeting of Hypo Real Estate last week approved a special audit focusing on the acquisition of the Irish Depfa Bank and the liquidity management of HRE Holding.
The annual general meeting of Hypo Real Estate last week approved a special audit focusing on the acquisition of the Irish Depfa Bank and the liquidity management of HRE Holding.
Two further submissions for a special audit regarding the acquisition of shares in the Irish bank, alleged accounts manipulation and misrepresentation of the net assets, financial position and results of operations of HRE were also approved.
The annual general meeting decided that all special audits are to be carried out uniformly by the same auditor. A further shareholder submission for a special audit regarding the issue amount of new shares on the occasion of the capital increases resolved in March and June 2009 and the exclusion of shareholders’ subscription rights was rejected.
The annual general meeting also elected a new supervisory board and reduced the number of members to six. The following people have been appointed to the supervisory board: Dagmar Kollmann, Hedda Wedel, Günther Bräunig, Alexander Groß, Albert Peters and Bernd Thiemann. The latter was elected supervisory board chairman .
The former board members Michael Endres, Bernd Knobloch, Siegmar Mosdorf, Hans-Jörg Vetter, Bernhard Walter and Manfred Zaß did not stand for re-election.
Hypo CEO Axel Wieandt, said: 'On behalf of the management board and employees of HRE, I should like to express my thanks for the good cooperation which has taken place in a spirit of trust with the supervisory board. Also I would like to thank you for having made yourselves available in the crisis which threatened the very existence of HRE. I am also very pleased that we have been able to win such renowned and experienced persons for the new supervisory board.'
