operational business of the company in their respective regions. Major investments are consolidated in the consolidated financial statements of Roland Berger Holding GmbH. The shareholders of Roland Berger Holding GmbH are proposed by the management and elected by the shareholders' meeting with a majority of 75% of the votes cast. Only those shareholders who hold at least EUR 3,500 of the company's share capital are entitled to vote. In December 2017 the company had a total of 196 shareholders. Seven shareholders each hold more than 1% of the share capital. A majority (145 persons) is resident in the European Union, with only Germany (86) and France (19) being represented in double figures. Roland Berger Holding GmbH has a minimum of one and a maximum of three managing directors, who together form the management. Currently, this is Stefan Schaible (Global managing director). He is monitored and supported by the Supervisory Board. The Supervisory Board consists of five members, who must also be shareholders of the company. Currently, Marcus Berret (Chairman), Denis Depoux, Wilfried Aulbur, Robert Henske, and Didier Tshidimba are members of the board. Activities and projects Roland Berger advises leading international industrial and service companies as well as public institutions on topics such as management and business models, innovative processes and services, mergers & acquisitions as well as private equity, restructuring, and the management of large infrastructure projects. Restructuring and strategy consulting have traditionally been a focus of the company's business activities. Roland Berger has realigned its offering in recent years. With a combination of consulting, technology, and its global network, the consultancy offers a new approach for its clients. Roland Berger develops and bundles its know-how in global Competence Centers that specialize in different industries and functional areas. Interdisciplinary teams are assembled for each consulting project. Roland Berger was involved in numerous initiatives and pro bono projects at the national and international levels. For example, it supported the Nederlands Dans Theater and the International Cultural Center in Krakow. Since 2008, the management consultancy has been focusing on promoting education with the Roland Berger Foundation. It was founded by Roland Berger in 2008 and is independent. The Foundation provided the company with temporary mezzanine capital and received interest in return. Best of European Business In 2005, Roland Berger launched the Best of European Business competition with Financial Times Deutschland and Manager Magazin. It was aimed at exceptionally successful companies and