Group Executive Committee
The Group Executive Committee (GEC) is a central management body of public companies that is particularly widespread in the Anglo-British region . It consists of the members of the company's board of directors ( Chief Officers ) and the heads of important core business areas ( Business Heads ).
Germany
German stock corporation law only recognizes the management board as the management body of an AG, with board members appointed by the supervisory board. However, since the business heads are appointed by the board, the GEC can only officially be located under the board. The chairman of the GEC, the chief executive officer , is also much more clearly the central manager of the company, while the chairman of the board of directors can certainly be overruled. The first GEC in Germany was set up by Deutsche Bank in 2002 .
Examples of other companies with a Group Executive Committee are Asea Brown Boveri and Puma . It has also proven itself at RWE AG , where it was introduced in 2003 by Harry Roels as the so-called "Group Business Committee" (GBC).