VelocityShares 3x Inverse Gold ETN (DGLD) Company Profile
23.1 While the CEO and the members of the ExB have the overall management
responsibility for the Group, the responsibility for the operational management
of the Divisions and the subsidiaries, for which the management has been
allocated to the Divisions, lies jointly with the Divisional Heads.
23.2 The Divisional Heads shall establish for their divisions their own OpCo.
They shall be responsible for establishing an efficient organizational and
management structure in the Division. The Divisional Heads consult with the ExB
prior to making significant changes to the organizational and management
structure in the Divisions.
24 Divisional Heads
24.1 The Divisional Heads shall be appointed by the BoD and report directly to
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