The Board of Directors or the Management Board appoints a salaried director under contract. The salaried director has the right to attend meetings of the Executive Committee, the Board of Directors or, as the case may be, the Management Board or the Supervisory Board, as well as General Meetings. He has authority over the salaried staff. He represents the Board of Directors or the Management Board in dealings with third parties, within the limits of the powers granted to him. His other powers are specified in the Articles of Association.