The European Power Exchange, EPEX SPOT SE, has transformed its corporate governance into a company with a two-tier system as of 18 June 2012. The General Assembly of EPEX SPOT, composed of its shareholders, appointed a Supervisory Board which counts 12 members. The Supervisory Board elects the Management Board, approves the strategy and budget of the company and controls the actions of the management. The members of the Supervisory Board are:
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