Supervisory Board Committees

Audit Committee

The Audit Committee performs its tasks within the scope of authorisations granted under Article 280 of the Companies Act. The Audit Committee has the following composition: Keith Charles Miles as Chairman, Drago Krenker as member, and Aleksander Igličar, M.Sc., as external member, employed as Senior Lecturer in accounting and auditing at the Faculty of Economics in Ljubljana.

Benchmark Committee

The committee has the following members: Dr. Maja Makovec Brenčič as Chairwoman, and Dr. Marcel van Assen, Dr. Peter Kraljič, Bernard C. Pasquier, and Peter Kobal as members.

The fundamental task of the Benchmark Committee is to determine the companies with which the Gorenje Group will compare its operation. The committee is primarily engaged in methodological issues and setting the basic criteria for comparison. On the basis of a final selection and defined methods and indicators, the committee will define the timeframe of the Company's activities aimed at improving the strategic plan. Some of its members are representatives of the Company's management: Franjo Bobinac, President of the Management Board, Aleksander Uranc, Director of Marketing, and Klemen Prešeren, Director of Gorenje Vertriebs GmbH.

Corporate Governance Committee

The task of the Corporate Governance Committee is to find the best possible way of organising the Gorenje Group given its increasing international recognition and need to adapt in all areas of its business operation.

The members of the committee are: Dr. Peter Kraljič, Bernard C. Pasquier and, representing the Company, Franjo Bobinac, President of the Management Board.

Remuneration Committee

The committee has the following members: Bernard Pasquier as Chairman, Dr. Peter Kraljič as Vice-Chairman, Dr. Maja Makovec Brenčič, Keith Charles Miles, Uroš Slavinec, Krešimir Martinjak, and Jurij Slemenik.

The Committee has the competences specified under item B.2 of Appendix B of the applicable Code of Corporate Governance for Public Limited Companies.

More detailed explanations on the functioning of Supervisory Board committees in 2012 are provided in the Report on the Review of the Annual Report for the Year 2011.