The Academy is a society of outstanding scientists, artists and business leaders. Members of the Academy are appointed for life and join one of four Classes: Natural Sciences, Humanities, Arts and Technical Sciences. The members of the Academy frequently meet in the Palace of the Academies and discuss current developments in society from an interdisciplinary perspective. The Academy maintains ties with renowned experts who are elected as foreign members. It is not possible to apply for membership of the Academy. New members are elected after nomination by three patrons within the Academy.