Pointing the way to the future
Entrepreneur and founder Reinhard Mohn reorganized the Bertelsmann Stiftung’s organizational and management structures at the end of 2004. By applying exemplary corporate governance practices, he hopes to ensure continuity in Germany’s largest private operating foundation. The roles of the Executive Board and the Board of Trustees will be separated and their functions and powers clearly defined, as is standard practice in successful stock corporations. As of January 1, 2005, the Executive Board has been functioning as a management board; the Board of Trustees has become a supervisory board for consultation and controlling activities. This reorganization of leadership structure to conform to corporate best practices puts the Bertelsmann Stiftung right on course for its future endeavors.
The Executive Board and Board of Trustees of the Bertelsmann Stiftung
Members of the Executive Board are Aart De Geus (chairman and CEO), Liz Mohn (vice-chair), Dr. Jörg Dräger and Dr. Brigitte Mohn.more
Similar to a Supervisory Board, the Board of Trustees functions as an advising and monitoring body. Prof. Dr. Werner J. Bauer has been chairman of the Board of Trustees since November 2011 and has been a member of this board since 2003.
The Board of Trustees may have a maximum of 14 members. Its members include Liz Mohn and other public figures who have had contact with or who have shown an ongoing interest in the foundation’s work, on the one hand, and who have leadership experience and an appreciation of the importance of continuity within organizational structures, on the other.