Self-administration by dentists means self-organization and self-responsibility. All decisions on investments by the VZWL are made directly by the administrative board, a committee made up of dentists and the management. The supervisory board handles the intrinsic monitoring function. Another important instrument is the independent Controlling and risk management system. In addition, the internal administration and supervision is supported by a modern asset management program.
The articles of association for the VZWL stipulate the annual production of an actuarial report. In the same way, an annual financial statement must be drawn up in accordance with the German Commercial Code and verified by an independent auditor.
Safety first: The one group invests and the other monitors. These two tasks are handled by the administrative board and the supervisory board.
