The senior management of Georg Fischer AG consists of the Board of Directors and the Executive Committee. The Board of Directors supervises the administration of the business and is responsible for strategic direction and the formulation of financial and accounting policies. The Executive Committee, under the direction of its President, deals with all topics relevant to the Corporation, makes decisions within its remit and submits proposals to the Board of Directors. The management of the company in the narrower sense is the responsibility of the Corporate Center, which consists of the Chief Executive Officer and the Heads of the two staff units, Corporate Development and Corporate Finance and Accounting. These three also support the Board in the fulfilment of its responsibilities.