Der Aufsichtsrat

The duties of the supervisory board are complex.

> Target audienceKey benefitsKey topics  – Meet the staff

Consequently, current and potential members of supervisory and advisory boards require extensive qualifications. The Government Commission on the German Corporate Governance Code has consistently included executive education for supervisory board members in their standards of conduct catalog. In this program, we offer a special approach in which board members and supervisory board members qualify supervisory board members.


Target audience

Supervisory or advisory board members, managing directors, and executive advisory staff, who work closely with supervisory boards, as well as corporate counsel and corporate governance officers.


Key benefits

In an intensive exchange of experiences with active supervisory board members, participants will prepare themselves for future supervisory, administrative, and advisory tasks. They will deepen their knowledge and receive new input for the tasks ahead. At the same time, the foundation will be laid for a network of engaged, elected office holders that will last beyond the duration of the program.


Key topics

Module 1: Requirements for the supervisory board

  • Rights and obligations of the supervisory board; qualifications of the members; liability and insurance
  • The daily operations of the supervisory board; cooperation with board of management
  • The areas of supervision: corporate development, human resources development, supervisory board efficiency

Module 2: Finance and audit skills

  • The areas of supervision: annual financial statements and risk management system
  • Audit committee and financial expert
  • Collaboration with the auditors
  • Internal audits, compliance, corruption, and fraud

Module 3: Organizational and reporting competencies

  • The organization of the supervisory board; supervisory board remuneration
  • Periodic and aperiodic information to the supervisory board
  • Internal and external communication; confidentiality
  • Reporting to the general/annual or shareholders’ meeting



"Ich bin zwar seit 15 Jahren Aufsichtsratsmitglied, habe aber zu vielen wichtigen Punkten der Aufsichtsrarbeit ergänzende Informationen und Anregungen erhalten. Dieses Seminar war für meine zukünftige Arbeit als Aufsichtsrat sehr befruchtend und sollte auch im Weiterbildungsprogramm meiner AR-Kollegen stehen."

Michael Kowalski
stellv. Vorsitzender des Aufsichtsrats, Schweizer Electronic AG, Schramberg


Meet the teaching staff

Der Aufsichtsrat: Anforderungen an das Aufsichtsratsmandat

16. - 17. Mai 2019
2 Tage
Schloss Ahrenthal
3,000 €

Der Aufsichtsrat: Finanz- und Pruefungskompetenz

4. - 5. Jul 2019
2 Tage
Schloss Ahrenthal
3,000 €

Der Aufsichtsrat: Organisations- und Reportingkompetenz

24. - 25. Okt 2019
2 Tage
Schloss Ahrenthal
3,000 €

Prof. Dr. Dr. Manuel R. Theisen (Program Director)

Visiting Lecturer ESMT Berlin, co-founder and managing editor of the journal "Der Aufsichtsrat", and is a professor (currently on leave) of Business Administration at the Ludwig Maximilian University of Munich, where he held the chair of General Business Administration, Taxation and Accounting, and Tax Law until the autumn of 2010. He is one of the most renowned corporate governance experts in Germany. His research interests also include the foundations and systems of business management monitoring, corporate taxation with respect to legal form, the international comparison of tax burdens on businesses, the taxation of affiliated companies, business management issues of corporate groups, and the theoretical aspects of science. Another focus of his work is the Societas Europaea (SE), the European Company.

Dr. Christoph Achenbach

Dr. Christoph Achenbach has 20 years of practical experience in various management positions. From 1997 onwards he was a member of the board of Quelle AG and became its chairman in 2001. After the merger with Karstadt he served as the CEO of KarstadtQuelle AG until 2005.
Subsequently, Achenbach was nominated CEO of Klingel, a family-owned corporate group. Following his time as a partner at the consulting company Intes, he founded the BfUN GmbH, Cologne, as a managing partner. In addition, he has for many years been a member and chairman of various advisory and supervisory boards.
His work as an advisor focuses on all matters regarding business succession within the family and the areas of corporate governance, advisory and supervisory boards. Furthermore, he is the co-editor of the journal "Der Aufsichtsrat" and the author of practice-oriented publications for professionals.

Prof. Dr. Werner Gleißner

Member of the board, FutureValue Group AG

Prof. Dr. Thorsten Grenz

Member of the supervisory board, Drägerwerk AG & Co. KGaA

Michael Hendricks

Managing Director, Howden Germany GmbH

Dr. Peter Henning

Director supervisory board office, Deutsche Bank AG


Dr. Hans-Christoph Hirt

Co-Head of Hermes EOS, Hermes Investment Management


Dr. Alexander Jakob

Group Chief Auditor, Münchener Rückversicherungs-Gesellschaft

Prof. Dr. Jürgen Kluge

Member of numerous advisory boards including Schmitz Cargobull AG (chairman) and Fastems Oy Ab, the Little Scientists' House Foundation, the RWE Foundation and the Vodafone Institute for Society and Communications. He is also a senior advisor at Bank of America Merrill Lynch, operating out of Frankfurt and London, and a member of the BoAML Global Advisory Council.

Michael H. Kramarsch

Managing Partner, hkp Deutschland GmbH

Ulrich Linnhoff

Member of the ESMT Faculty, Head of Campus Schloss Gracht, ESMT Berlin

Dr. Sabine Maaßen

Member of the managing board, thyssenkrupp Marine Systems GmbH

Christine Novakovic

Head of UBS Investment Bank Schweiz

Prof. Dr. Bernhard Pellens

Ruhr-Universität Bochum, Member of the supervisory board thyssenkrupp AG und LVM a.G.

Dr. Arno Probst

Partner, Deloitte GmbH Wirtschaftsprüfungsgesellschaft

Dr. Florian Schilling

Partner, Board Consultants International

Prof. Dr. Walter Rust

Partner, Mock-Rechtsanwälte, Berlin; chairman of the supervisory board, Teles AG und SHF Communications AG

Prof. Dr. Klaus Rüdiger Trützschler

Member of the supervisory board, Deutsche Bank AG, Wilh. Werhahn KG and additional companies

Marc Ufer

Regional executive committee West, KPMG AG Wirtschaftsprüfungsgesellschaft

Dr. Erkan Uysal

Head of supervisory board office, Bertelsmann SE&Co.KGaA

and additional experts from the supervisory board practice


ESMT Campus Schloss Gracht

ESMT Berlin Campus Schloss Gracht

Der ESMT Berlin Campus Schloss Gracht befindet sich in einem idyllischen Wasserschloss am Rand der Voreifel. Die abgeschiedene Lage mit ihren Möglichkeiten zu ungestörter Konzentration hat Lehre wie Lernen geprägt und nicht zuletzt dazu geführt, dass Schloss Gracht seit vierzig Jahren als Synonym für erstklassige Führungskräfteentwicklung steht.