Governing Bodies & Standing Committees

GENERAL ASSEMBLY ADMINISTRATIVE BOARD NOMINATION COMITTEE EXECUTIVE COMITTEE STAFF IFRS TECHNICAL COMITTEE GERMAN GAAP TECHNICAL COMITTEE SECRETARIAT WORKING GROUPS
Election
Consulting
Leadership

The members of ASCG can be found here

Article 7  Convening the General Assembly

  1. The members shall be invited to attend the Annual General Assembly once a year in Berlin or another major German city. The General Assembly is convened in writing or by email by the Chair or the Deputy Chair of the Administrative Board with three week’s notice, giving the agenda for the General Assembly. Motions to supplement or amend the agenda should be notified to the Chair or Deputy Chair of the Administrative Board with sufficient notice that they can be announced to the members at least one week before the date of the General Assembly.
  2. An Extraordinary General Assembly shall be convened if this is dictated by the interests of the Association or required in writing by one-tenth of the members, giving the purpose and reasons. Section (1) above shall apply mutatis mutandis.

Article 8 Chair, Resolutions

  1. The General Assembly is chaired by the Chair of the Administrative Board or, if the Chair is prevented from attending, by the Deputy Chair.
  2. Each member is entitled to one vote. Proxies may be issued. A member may not represent more than five other members.
  3. The General Assembly is quorate if at least 25% of the members are present or represented. If this figure is not reached, the Administrative Board is required to convene a second General Assembly within three weeks; this second General Assembly shall be quorate irrespective of the number of members present or represented; attention shall be drawn to this fact in the invitation.
  4. The General Assembly adopts resolutions by a simple majority of the members present or represented. Resolutions to amend the Constitution or to dissolve the Association require a three-quarters majority of the members present.
  5. Written minutes of the General Assembly shall be prepared and signed by the Chair of the General Assembly and the keeper of the minutes. The place and time of the General Assembly and the results of any votes shall be minuted.
  6. The General Assembly may resolve to supplement the agenda announced with the notice convening the General Assembly.
  7. The General Assembly is not public. The Chair of the General Assembly may admit guests

Article 9 Responsibilities

  1. The General Assembly is responsible for electing, dismissing and approving the actions of the members of
    • the Administrative Board and
    • the Nomination Committee.
  2. The General Assembly is also responsible for determining the amount of the annual fee, the business plan, adopting the annual financial statements and electing the auditor, as well as for all material business management measures.
  3. In addition, the General Assembly is responsible for amending and supplementing this Constitution and for dissolving the Association and appropriating its assets (Article 25).

Members of the Administrative Board

Chairman
  • Dr Ralf P. Thomas, Siemens AG
Deputy Chairman
  • Prof Dr Dieter Truxius, Mannheim University
Treasurer
  • WP/StB Prof Dr Norbert Winkeljohann, PricewaterhouseCoopers AG
Members
  • Dr Stefan Asenkerschbaumer, Robert Bosch GmbH
  • Dr Bernhard Guenther, innogy SE
  • Paul Hagen, HSBC Trinkaus & Burkhardt AG
  • Albert Hasselmeyer, BASF SE
  • Dr Christoph Huetten, SAP SE
  • Carsten Knobel, Henkel AG & Co. KGaA
  • Robert Koethner, Daimler AG
  • Simone Menne, Boehringer Ingelheim Pharma GmbH & Co. KG
  • WP/StB Prof Dr Klaus-Peter Naumann, IDW Institute of Public Auditors in Germany
  • Dr Christian Ossig, Association of German Banks
  • WP/RA/StB Dr Eckhard Ott, DGRV German Cooperative and Raiffeisen Confederation
  • Andreas Roeper, E.ON SE
  • Dr Roman Sauer, Allianz SE
  • Dr Karl-Peter Schackmann-Fallis, DSGV German Savings Banks Association
  • Dr Axel Wehling, The German Insurance Association GDV
  • Ute Wolf, Evonik Industries AG

§ 10 Members

  1. The Administrative Board has 20 members who are elected by the General Assembly for a three-year term of office in accordance with section (2) below. The General Assembly may only elect natural persons to the Administrative Board who have already been proposed by the members of the segments (Article 4(1)). The proposals by a segment require a simple majority of the members of that segment.
  2. The members of the Administrative Board are elected by segment. The ten persons proposed who receive the most votes in the General Assembly are elected from the persons proposed by Segment A. The same applies to Segments B and D, except
    that in these cases the two persons who receive the most votes in the General Assembly are elected, and to Segments C and E, except that in these cases the three persons who receive the most votes in the General Assembly are elected.
  3. The number of members of the Administrative Board and of the persons proposed by the individual segments in accordance with sections (1) and (2) above are based on the Association’s current membership and fee structure. If material changes occur in this structure, sections (1) and (2) above shall be modified to reflect these changes.
  4. The members of the Administrative Board act in an honorary capacity.
  5. Members of the Administrative Board may only be dismissed for cause by a resolution of the General Assembly adopted by a three-quarters majority of the members present.
  6. If a member of the Administrative Board leaves the Administrative Board before the end of their term of office, their voting rights shall accrue to the oldest member belonging to the segment of the former member until a replacement member has been elected. A replacement member shall be elected for the remaining term of office of the former member by the next regular General Assembly in accordance with section (2) above.

§ 11 Responsibilities

  1. The Administrative Board defines the principles and guidelines for the work of the Association, and in particular of the Technical Committees and the Executive Committee, taking the general economic interest into account. Corresponding resolutions require a three-quarters majority of its members.
  2. The members of the Technical Committees are also elected by a majority of three-quarters of the members of the Administrative Board. The Administrative Board may advise the Technical Committees, but is not entitled to issue instructions to them. The Technical Committees and their members are independent.
  3. The Administrative Board appoints, advises and supervises the Executive Committee. It can resolve that the Executive Committee may only conduct certain types of transactions with the approval of the Administrative Board.

§ 12 Internal Organisation

  1. The Administrative Board elects from among its members a Chair, a Deputy Chair and a Treasurer.
  2. The Administrative Board should hold at least three meetings a year. The meetings are convened, prepared and chaired by the Chair of the Administrative Board or, if the Chair is prevented from attending, by the Deputy Chair. The Administrative Board is quorate if half of its members are present or represented by other members of the Administrative Board. Minutes of the meetings shall be prepared.
  3. Resolutions by the Administrative Board require a simple majority of members present unless stipulated otherwise by law or this Constitution.
  4. The Federal Ministry of Justice and for Consumer Protection is entitled to attend the meetings of the Administrative Board, but does not have a right to vote.
  5. Further details are set out in the Rules of Procedure of the Administrative Board.

Members of  the Nomination Committee

Chairman
  • Dr. Thomas Wittig, BMW AG
Deputy Chairman
  • Peter Krieg, Heraeus Holding GmbH
Members
  • Prof Dr Hans-Joachim Boecking, Johann Wolfgang Goethe-University
  • Rolf Friedhofen
  • Prof Dr Bernhard Pellens, Ruhr-University
  • Dr Wolfgang Russ, Ebner Stolz  GmbH & Co. KG
  • Hans-Juergen Saeglitz, The German Insurance Association GDV

Article 13 Members

  1. The Nomination Committee comprises seven members who are elected by the General Assembly. It has at least one representative of each segment (Article 4(1)), provided that at least one member is allocated to each segment. The members are elected by the General Assembly for a three-year term of office.
  2. The members of the Nomination Committee act in an honorary capacity. They are entitled to reimbursement of their out-of-pocket expenses.
  3. Members of the Nomination Committee may only be dismissed for cause by a resolution of the General Assembly adopted by a three-quarters majority of the members present.
  4. If a member of the Nomination Committee leaves the Nomination Committee before the end of their term of office, their voting rights shall accrue to the oldest member of the Nomination Committee until a replacement member has been elected. A replacement member shall be elected for the remaining term of office of the former member by the next regular General Assembly in accordance with section (1) above.

Article 14 Responsibilities

  1. The Nomination Committee submits proposals to the Administrative Board for the election of the members of the Executive Committee and the technical committees.
  2. The Nomination Committee’s proposals are binding for the Administrative Board in the sense that only persons proposed by the Nomination Committee may be elected.

Article 15 Internal Organisation

  1. The Nomination Committee elects from among its members a Chair and a Deputy Chair. The Chair, and in the event that the Chair is prevented from attending, the Deputy Chair, prepares and chairs the meetings of the Nomination Committee.
  2. Resolutions by the Nomination Committee require a simple majority of its members.
  3. Further details are set out in the Rules of Procedure adopted by the Nomination Committee with the approval of the General Assembly.

Members of the Executive Committee

 

Article 16 Members

  1. The Executive Committee comprises the President. The Administrative Board may also appoint a Vice-President. The members of the Executive Committee are elected by the Administrative Board for three years at the proposal of the Nomination Committee. They may be re-elected.
  2. The members of the Executive Committee work for the Association on a full-time basis. They are entitled to appropriate remuneration and to reimbursement of their out-of-pocket expenses. Further details are determined by the Administrative Board.
  3. The Members of the Executive Committee may only be dismissed for cause by a resolution of the Administrative Board adopted by a three-quarters majority of its members.
  4. At the proposal of the Executive Committee, the Administrative Board may also appoint an Executive Director, who is a special representative in accordance with section 30 of the BGB. An Executive Director shall be appointed if the Executive Committee consists only of the President. The function of the Executive Director is to support the President in managing the business of the Association. The further details shall be governed by Rules of Procedure that shall be resolved by the Administrative Board at the proposal of the Executive Committee.

Article 17 Responsibilities

  1. The Executive Committee manages the business of the Association. It chairs the technical committees and also chairs the Academic Advisory Board by prior arrangement. It repre-sents the Association and the technical committees and their work externally.
  2. The members of the Executive Committee are the legal representatives of the Association in accordance with section 26 of the BGB. They represent the Association in and out of court.
  3. The Executive Committee is also responsible for
    • publishing the Association’s annual report;
    •  preparing the business plan (budget); and
    • preparing the annual financial statements.

Article 18 Internal Organisation

  1. The members of the Executive Committee work together in an atmosphere of mutual trust and coordinate their activities. They report regularly to the Administrative Board on the course of business and on all material issues relating to the Association.
  2. The Executive Committee may adopt Rules of Procedure with the approval of the Administrative Board.

Members of the IFRS Technical Committee

Chairman
Members
  • Guido Fladt, PricewaterhouseCoopers AG
  • Prof Dr Sven Hayn, Ernst & Young GmbH
  • Bianca Hoffman, Allianz SE
  • Prof Dr Hans-Juergen Kirsch, Westfälische Wilhelms-Universitaet
  • Dr Nikolaus Starbatty, Siemens AG
  • Dr Joerg Wallbaum, Uniper SE
  • Dr Christoph Weber, Landesbank Hessen-Thueringen

Article 19 Members

  1. The technical committees are each composed of seven members, who are elected by the Administrative Board for a three- to five-year term of office at the proposal of the Nomination Committee. The election should reflect the duties of the technical committee concerned. Care must be taken to safeguard the interests of preparers, auditors and users of financial reporting. Only persons with particular specialist expertise and experience in the field of accounting and financial reporting may be members of a technical committee.
  2. The members of the technical committees conduct their activities independently in line with the principles and guidelines laid down by the Administrative Board. They are not subject to the instructions of the Administrative Board, the Executive Committee, the General Assembly, or third parties. They may only be dismissed for cause by a resolution of the Administrative Board adopted by a three-quarters majority of its members.
  3. The members of the technical committees act in an honorary capacity. They are entitled to reimbursement of their out-of-pocket expenses.
  4. The Federal Ministry of Justice and for Consumer Protection is entitled to attend the meetings of the technical committees, but does not have a right to vote

Article 20 Duties and responsibilities

  1. The technical committees are responsible for elaborating
    • interpretations of the international accounting standards within the meaning of section 315a of the HGB,
    • accounting standards within the meaning of section 342 of the HGB,
    • comment letters to national and international bodies on accounting and financial reporting issues,
    • discussion papers, other comment letters and publications.
  2. The meetings of the technical committees are open to the public.
  3. The accounting community shall be involved as described in the following in the elaboration of interpretations and standards in accordance with section (1) a) and b) above (“due process”):
    • exposure of draft interpretations and standards within the meaning of section 315a of the HGB and standards within the meaning of section 342 of the HGB with a call to submit comments within a period of at least 45 days;
    • publication of comments received (unless the author objects to publication);
    • re-exposure of a revised draft in cases where the comments received have resulted in material modification of the draft, coupled with a call to submit new comments within a period of at least 45 days;
    • creation of a public discussion forum (e.g. public meeting or virtual event) on the drafts;
    • adoption of interpretations and standards at a meeting open to the public;
    • publication of the adopted interpretations and standards (including dissenting opinions), together with the basis for conclusions.
  4. The accounting community shall be invited to submit comments in accordance with section (1) c) above, and shall be included in cases covered by section (1) d) above if this is deemed appropriate by the technical committee
  5. Pronouncements issued by the technical committees in accordance with section (1) above shall require a prior resolution adopted by a two-thirds majority of the members of the technical committee concerned
  6. The technical committees shall notify each other regularly about their work and shall coordinate their activities.

§ 21 IFRS Technical Committee

The IFRS Committee is specifically responsible for

  • the elaboration and issue of interpretations of the international accounting standards within the meaning of section 315a(1) of the HGB;
  • the elaboration and issue of interpretations of the international accounting standards within the meaning of section 315a(1) of the HGB;
  • cooperation with the European Financial Reporting Advisory Group (EFRAG);
  • the provision of advice on planned legislation and on the implementation of European directives; and
  • comment letters on European directives,

whereby c), d) and e) apply insofar as accounting and financial reporting by publicly traded companies is affected.

Members of the German GAAP Technical Committee

Chairman
Members
  • Dr Stephan Brandt, Investitionsbank Berlin
  • Prof  Dr Christian Fink, University of Applied Sciences Wiesbaden Business School
  • Prof Dr Bernd Grottel, KPMG AG
  • Dr Bernd Keller, Roedl & Partner GmbH
  • Claudia Nikolic, Bayerische Beamten Lebensversicherung a.G.
  • Prof Dr Isabel von Keitz, University of Applied Sciences Muenster
  • Cedric von Osterroth, EDEKA Minden-Hannover Zentralverwaltungsgesellschaft mbH

Article 19 Members

  1. The technical committees are each composed of seven members, who are elected by the Administrative Board for a three- to five-year term of office at the proposal of the Nomination Committee. The election should reflect the duties of the technical committee concerned. Care must be taken to safeguard the interests of preparers, auditors and users of financial reporting. Only persons with particular specialist expertise and experience in the field of accounting and financial reporting may be members of a technical committee.
  2. The members of the technical committees conduct their activities independently in line with the principles and guidelines laid down by the Administrative Board. They are not subject to the instructions of the Administrative Board, the Executive Committee, the General Assembly, or third parties. They may only be dismissed for cause by a resolution of the Administrative Board adopted by a three-quarters majority of its members.
  3. The members of the technical committees act in an honorary capacity. They are entitled to reimbursement of their out-of-pocket expenses.
  4. The Federal Ministry of Justice and for Consumer Protection is entitled to attend the meetings of the technical committees, but does not have a right to vote

Article 20 Duties and responsibilities

  1. The technical committees are responsible for elaborating
    • interpretations of the international accounting standards within the meaning of section 315a of the HGB,
    • accounting standards within the meaning of section 342 of the HGB,
    • comment letters to national and international bodies on accounting and financial reporting issues,
    • discussion papers, other comment letters and publications.
  2. The meetings of the technical committees are open to the public.
  3. The accounting community shall be involved as described in the following in the elaboration of interpretations and standards in accordance with section (1) a) and b) above (“due process”):
    • exposure of draft interpretations and standards within the meaning of section 315a of the HGB and standards within the meaning of section 342 of the HGB with a call to submit comments within a period of at least 45 days;
    • publication of comments received (unless the author objects to publication);
    • re-exposure of a revised draft in cases where the comments received have resulted in material modification of the draft, coupled with a call to submit new comments within a period of at least 45 days;
    • creation of a public discussion forum (e.g. public meeting or virtual event) on the drafts;
    • adoption of interpretations and standards at a meeting open to the public;
    • publication of the adopted interpretations and standards (including dissenting opinions), together with the basis for conclusions.
  4. The accounting community shall be invited to submit comments in accordance with section (1) c) above, and shall be included in cases covered by section (1) d) above if this is deemed appropriate by the technical committee
  5. Pronouncements issued by the technical committees in accordance with section (1) above shall require a prior resolution adopted by a two-thirds majority of the members of the technical committee concerned
  6. The technical committees shall notify each other regularly about their work and shall coordinate their activities.

Article 22 German GAAP Techncial Committee

The German GAAP Committee is specifically responsible for

  • the elaboration and issue of German Accounting Standards within the meaning of section 342 of the HGB;
  • cooperation with the European Financial Reporting Advisory Group (EFRAG);
  • the provision of advice on planned legislation and on the implementation of European directives; and
  • comment letters on European directives,

whereby b), c) and d) apply insofar as accounting and financial reporting by non-publicly traded companies is affected.

The working Groups of the ASCG can be found here

Working groups

Chairman

Prof Dr Martin Glaum, WHU Otto Beisheim School of Management

Godfather

Dr Christoph Weber, Landesbank Hessen-Thueringen

Project manager

Dr Jan-Velten Grosse

Members

Jens Berger, Deloitte GmbH

Mario Bremenkamp, Covestro Deutschland AG

Lothar Demant, Evonik Industries AG

Peter Flick, PricewaterhouseCoopers AG

Mattis Hagemann, KfW Bankengruppe

Dr Patrick Kehm, Commerzbank AG

Andreas Klaus, Deutsche Bank AG

Katrin Krueger, RWE AG

Martin Stenger, BASF SE

Andreas Thiele, Allianz SE

Alexander Thyroff, R + V Lebensversicherung AG

Chairman

Prof Dr Bernd Stibi, Institute of Public Auditors in Germany

Godfather

Prof. Dr. Isabel von Keitz, University of Applied Sciences Muenster

Project manager

Peter Zimniok

Members

Michael Deubert, PricewaterhouseCoopers AG

Dr Christian Gaber, IKB Deutsche Industriebank AG

Thomas Gessen, Schwarz Dienstleistung KG

Dr Manfred Jutz, Dr. August Oetker KG

Henrik Mueller, Wilh. Werhahn KG

Dr Thomas Senger, Warth & Klein Grant Thornton AG

Ahmad Sultana, Ernst & Young GmbH

Chairman

Prof Dr Peter Kajueter, Westfaelische Wilhelms-University Muenster

Godfather

Prof Dr Christian Fink, University of Applied Sciences Wiesbaden Business School

Project manager

Dr Ruediger Schmidt

Members

Martin Bolten, NRW.Bank

Anja Boettcher, Versicherungskammer Bayern

Werner Ellmauer, BMW AG

Dr Volker Kaminski, Herrenknecht AG

Nicole Richter, Ernst & Young GmbH

Kerstin Schlesiger, Bayer AG

Chairman

Prof Dr Nils Crasselt, Bergische University Wuppertal

Project manager

Dr Thomas Schmotz

Members

Dr Stefan Bischof, Ernst & Young GmbH

Martin Bolten, NRW.Bank

Dr Jan Doerrwaechter, hkp Deutschland GmbH

Reiner Gebele, KPMG AG

Jelena Jochums, Siemens AG

Michael H. Kramarsch, hkp Deutschland GmbH

Barbara Reitmeier, PricewaterhouseCoopers AG

Chairman

Dr Friedemann Lucius, HEUBECK AG

Project manager

Dr Ruediger Schmidt

Mitglieder

Dr Alexander Buechel, Genossenschaftsverband Bayern e.V.

Larsen Dietz, Bayer AG

Dr Peter Feige, PricewaterhouseCoopers AG

Dr André Geilenkothen, Aon Hewitt

Thomas Hagemann, Mercer Deutschland GmbH

Alexandra Speigel, Daimler AG

Harald Stuhlmann, Continental Automotive GmbH

Dr Knut Tonne, KPMG AG

Chairman

Markus Lotz, 50Hertz Transmission GmbH

Godfather

Guido Fladt, PricewaterhouseCoopers AG

Project manager

Prof Dr Sven Morich

Mitglieder

Olaf Boelsems, Ernst & Young GmbH

Christiane Heveling, DB Mobility Logistics AG

Dr Britta Leippe, REW AG

WP Gerd Luetzeler

Sonja Michalski, Deutsche Telekom AG

Ralph Welter, PricewaterhouseCoopers AG

Prof Dr Henning Zuelch, HHL Leipzig Graduate School of Management

Godfather

Prof Dr Andreas Barckow

Project manager

Holger Obst

Members

Jens Berger, Deloitte GmbH

Ulf Blaum, Ernst & Young GmbH

Prof Dr Joachim Gassen, Humboldt-University zu Berlin

Prof Dr Joachim Hennrichs, University Cologne

Dr Joachim Koelschbach, KPMG AG

Prof Dr Stefan Thiele, Bergische University Wuppertal

Rainer Usinger, PricewaterhouseCoopers AG

Chairman

Roman Sauer, Allianz SE

Project manager

Franziska Schmerse

Members

Ingo Bauer, R+V Versicherung AG

Olaf Brock, Hannover Re

Christoph Driessen, AXA Konzern AG

Dr Roland Feldhoff, Generali Deutschland AG

Dr Markus Horstkoetter, Ernst & Young GmbH

Dr Joachim Koelschbach, KPMG AG

Werner Rockel, Munich RE

Matthias Schell, Wuestenrot & Wuerttembergische AG

Colin Schenke, Deloitte GmbH

Julia Unkel, PricewaterhouseCoopers AG

Thomas Volkmer, BDO AG

Prof Dr Fred Wagner, University Leipzig

Dr Carsten Zielke, Zielke Research Consult GmbH

Chairman

Michael Deubert, PricewaterhouseCoopers AG

Godfather

Bernd Keller, Roedl & Partner GmbH

Project manager

Olga Bultmann

Members

Andrea Drewes, Dr August Oetker Nahrungsmittel KG

Dr Christian Gaber, IKB Deutch Industriebank AG

Dr Niels-Frithjof Henckel, BDO AG

Susanne Hoermann, Schwarz Dienstleistung KG

Prof Dr Karsten Lorenz, Hochschule Mainz