Report
Expert Corporate Governance Service (ECGS)
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Evonik Industries - AGM 28 May 2019

Item 5: PwC, Frankfurt am Main, is proposed as auditor for the current financial year. We have no concerns over the ratio of non-audit/audit fees. However, we note that PwC has audited the Company since the financial year 2007 which exceeds our maximum acceptable term of office. We therefore recommend opposing the re-election of PwC as auditor.

Underlying
Evonik Industries AG

Steag, through its subsidiaries, is engaged mainly in power generation and related industries. Co.'s business is divided into five units: Power generation, Decentralized Energy Supply, Foreign Power Plants, Gas Distribution, and Coal Trading.

Provider
Proxinvest
Proxinvest

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Analysts
Expert Corporate Governance Service (ECGS)

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