Annual Report 2007
Report of the Supervisory Board
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In accordance with a resolution adopted at the Annual Shareholders' Meeting, the Supervisory Board appointed BDO Deutsche Warentreuhand Aktiengesellschaft, Frankfurt am Main, to audit the financial statements and the consolidated financial statements of Software AG for fiscal year 2007.
BDO Deutsche Warentreuhand Aktiengesellschaft examined the financial statements, consolidated financial statements, and management report for the year ended December 31, 2007, including the accounting books and records. The auditors issued an unqualified audit opinion.
The audit reports were presented to the Supervisory Board, and the head of the audit team explained the results in person to the Audit Committee. They were also presented to the Executive Board. The Audit Committee and the Supervisory Board thoroughly reviewed the audit results in their meeting of March 12, 2008. The Supervisory Board concurs with the results of the audit and approves the financial statements and consolidated financial statements. This constitutes formal approval and acceptance of the annual financial statements. We, the Supervisory Board, concur with the recommendation of the Executive Board with respect to the appropriation of profits.
The following personnel changes took place on the Executive Board and Supervisory Board of Software AG in 2007:
Effective January 8, 2007, David Broadbent was appointed as successor for Christian Barrios Marchant, who left the Company by mutual agreement. David Broadbent is responsible for development for the ETS business line.
Effective August 1, 2007, David Mitchell was appointed as a member of the Executive Board and took on responsibility for sales for the webMethods business line. Former Executive Board member Alfred Pfaff left the Company by mutual agreement.
The term of office of Karl Heinz Achinger ended at the Annual Shareholders' Meeting on May 11, 2007. Mr. Achinger had been a member of the Supervisory Board since April 30, 2002. Upon the recommendation of the Supervisory Board, the shareholders appointed Alf Henryk Wulf as successor of Karl Heinz Achinger. Alf Henryk Wulf is Executive Officer Sales & Marketing at Alcatel-Lucent Deutschland AG.
Employee representative Reinhard Springer also left the Supervisory Board effective May 11, 2007. The employees elected Rainer Burckhardt, Chairman of the Darmstadt Works Council, to the Supervisory Board.
The Supervisory Board would like to thank the outgoing members for their dedication and trusting cooperation.
The Supervisory Board would also like to thank the Executive Board and all employees for their commitment, as well as their achievements, during fiscal year 2007.
Darmstadt, March 2008
The Supervisory Board
Frank F. Beelitz
Chairman
Please refer to the Notes for additional information on the members of the Supervisory Board.
