Governance

Boards and leadership

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Management Board

Good corporate governance is a core focus at BDR Thermea Group. We have a two-tier board structure, comprising a Management Board and a Supervisory Board.  

The BDR Thermea Group Management Board is responsible for day-to-day management of the company and its operations. This Board sets overall strategic direction and oversees the implementation of the company’s strategy and the achievement of strategic objectives. 

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Supervisory Board

The BDR Thermea Group Supervisory Board oversees and advises the Management Board. In fulfilling this task, the Supervisory Board safeguards the interests of the company, taking into consideration the fair interest of all stakeholders concerned. 

The Supervisory Board holds frequent meetings with the Management Board, as well as informal talks with the Management Board. Joint meetings between the Supervisory Board and the Management Board cover topics such as financing and capital investments, strategy, market developments, financial performance, regulations, risk management, product innovation and internal organisation.