The supervisory board of Cloudiax AG consists of 3 members which is elected periodically by a simple majority at the general meeting of shareholders. Every legally competent person, which is not part of the executive board of Cloudiax AG, is allowed to be elected as part of the supervisory board. Ordinarily the members of the supervisory board will be elected for a period of 4 years.
The supervisory board represents the interests of the shareholders against the executive board and has the function to audit and advise the executive board periodically (at least 4 meetings per year). Furthermore the supervisory board reports to the shareholders at the annual general meeting and assists the auditor with the annual financial statement, which he also has to be permitted by the board members.