sentences:  The Bertelsmann Stiftung is overseen by the district government of Detmold and engages in tax-privileged activities exclusively and directly in accordance with the relevant tax regulations.The Bertelsmann Stiftung's managerial and representative bodies report to the executive Board, which, according to the foundation's bylaws, consists of at least three members who are appointed and removed by the board of trustees.The executive board develops the Bertelsmann Stiftung's organizational strategy, coordinates it with the board of trustees and oversees its implementation.