Vonovia. – AGM 30 June 2020
General: The AGM is to be held in the form of a virtual AGM in accordance with the
German Law to Mitigate the Consequences of the COVID-19 Pandemic. The physical
presence of shareholders or their authorised proxies is not possible. The voting rights
may therefore be exercised solely by postal vote or by granting authority to the proxies
designated by the Company.
Supervisory Board member Prof. Dr. Edgar Ernst is a member of the Advisory
Committee of DSW, the local partner of ECGS. This report has been prepared using
standard ECGS guidelines.
Item 5: KPMG, Berlin, 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 KPMG has
audited the Company since the financial year 2005 which exceeds our maximum
acceptable term of office. We therefore recommend opposing the re-election of KPMG
as auditor.
Vonovia is a residential real estate company based in Germany. Co. maintains 357,117 residential units and a portfolio worth approximately Euro24.1 billion in cities and regions throughout Germany. Co. manages residential units, garages and parking spaces as well as commercial units. Co. focuses on customer orientation and tenant satisfaction, offering tenants affordable, attractive and livable homes, as well as offering additional real estate-related services. Co.'s residential units are located in contiguous settlements at approximately 770 locations in Germany.
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