Fresenius Medical Care AG & Co. KGaA - AGM 16 May 2019
Item 1: Unlike at German stock corporations, shareholders of a KGaA are legally required to vote on the annual accounts.
Item 5a: KPMG has audited the Company since the financial year 1996 which exceeds our maximum acceptable term of office of 10 years or 20 years in cases where an audit tender has taken place after the initial engagement period. We consider a longer term of office may impair the auditor's independence. We welcome however that the Company has announced to change the audit firm as of financial year 2020, see item 5b of the agenda, and therefore exceptionally recommend to support the reappointment of KPMG.
RegistrarFresenius Medical Care is a kidney dialysis company, operating in both the field of dialysis services and the field of dialysis products for the treatment of end-stage renal disease (ESRD). Co.'s dialysis business is vertically integrated, providing dialysis treatment at dialysis clinics it owns or operates and supplying these clinics with a range of products. In addition, Co. sells dialysis products to other dialysis service providers. In the U.S.A., Co. also provides inpatient dialysis services and other services under contract to hospitals. Co. provides patient services, including renal pharmaceutical products and in the U.S.A., laboratory services.
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