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1shareholder representative to the DWS Supervisory Board at the Annual General Meeting on 26 June 2024. It is intended that the Supervisory Board will elect him as its chairman. At the 3same time, the Supervisory Board decided, again on recommendation by the Nomination 4Committee, to propose James von Moltke for election as shareholder representative to the 5Supervisory Board at the 2024 Annual General Meeting.6At our last meeting of the year on 6 December 2023, we dealt with the Adhoc Committee’s 7report on internal affairs and ongoing investigations. The Supervisory Board also dealt with 8governance matters, including the Declaration of Conformity in accordance with to 9Section 161 of the German Stock Corporation Act (AktG). In another deep dive, the 10Supervisory Board focused on our multi-year transformation program and its future direction. 11The CFO reported on the financial planning for the group and the the other Executive Board 12members reported on business development and the status of implementation of strategic 13initiatives and transformational projects.14The Committees of the Supervisory Board15Audit and Risk Committee16The Audit and Risk Committee held nine meetings in 2023. 17It supported the Supervisory Board in monitoring the accounting process and intensively 18addressed the Annual Financial Statements and Consolidated Financial Statements, as well 19as the Interim Report and the audit and review reports issued by the statutory auditor. A 20particular focus of the Committee’s work was on dealing with ESG-related content as well as 21its representation within the reporting.22Within the context of financial reporting and accounting practices, the Committee reviewed 23the valuation of goodwill and other intangible assets as well as the impairment testing of 24certain intangible assets. Further, the Committee addressed service fees charged by 25Deutsche Bank AG and its subsidiaries and related governance processes.26The Committee monitored the effectiveness of the Group’s risk management system, in 27particular with regard to the internal control system and internal audit, while also taking into 28account the (potential) impacts of the conflict in Ukraine, and our multi-year transformation 29programs. It also reviewed the continuous improvement of the internal risk warning systems.30Further, the Committee dealt with the Group’s risk appetite statement and the overarching 31risk strategy, embedded in the Risk Management Framework. This also included dealing with 32the integration of sustainability risks into the framework. The Committee regularly received 33reports on key risk and control metrics and compared DWS’s risk exposure to the pre-defined 34thresholds. In addition, the Committee dealt with the effects of the geopolitical and 35macroeconomic situation on the Group.36Separately, the Committee dealt with the Annual Internal Audit Report and was regularly 37informed about the work of internal audit, the audit plan and its findings. It also reviewed the 38measures taken by the Executive Board to remediate deficiencies identified by the internal 39control functions and the statutory auditor and received regular updates on the status and 40progress made in this regard. Moreover, the Committee dealt with the Annual Compliance 41Report and compliance matters, including anti financial crime matters (particularly anti money 42laundering), which were discussed on a regular basis. Furthermore, the Committee received 43regular updates on ongoing investigations.44The Audit and Risk Committee further monitored the internal procedures to meet the 45requirements to identify, approve and disclose material related party transactions pursuant to 46Section 111b of the German Stock Corporation Act (AktG). As the Committee has been 47appointed by the Supervisory Board to resolve on reserved matters in relation to material 48related party transactions, it requested regular reports on the activities of the Related Party 49Transaction Council set up for support in this regard. In 2023, there were no material related 50party transactions for approval and disclosure under this provision.51The Committee regularly dealt with various regulatory initiatives such as sustainability related 52initiatives (especially CSRD and SFDR). Furthermore, the Committee covered the dividend 53development as well as the future dividend policy.54For 2023, the Audit and Risk Committee recommended a renewal of the audit engagement of 55KPMG. The deliberations took into account the results of the review of the statutory auditor’s 56independence, which did not identify indications for any risk to independence. Additionally, it 57was considered that a renewal of the KPMG audit engagement was in accordance with 58applicable public-interest entities regulation as well as with the DWS Corporate Governance 59and Proxy Voting Policy. Following KPMG’s election by the Annual General Meeting, the 60Supervisory Board issued the mandate to the statutory auditor and, with the support of the 61Audit and Risk Committee, set the amount of the auditor’s remuneration. The audit 62engagement further comprised the Remuneration Report, the Dependency Report and a 63review to obtain limited assurance of the integrated non-financial group statement within the 64Summarised Management Report.65The Audit and Risk Committee dealt with the measures to prepare for the audit of the Annual 66Financial Statements and Consolidated Financial Statements for 2023, defined own areas of 67focus for the audit and approved a list of permissible non-audit services. The Committee 68         69To our 70Shareholders71Summarised 72Management Report73Consolidated 74Financial Statements75Compensation 76Report77Corporate Govern-78ance Statement79Supplementary 80Information DWS 2023 Annual Report81 82Report of the Supervisory Board83VIII