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Compensation system of the Executive Board
In the course of introduction of the Appropriateness of Management Remuneration Act (VorstAG), the responsibility for laying down Executive Board remuneration was transferred from the Personnel Committee of the Supervisory Board to the plenary meeting of the Supervisory Board.
The members of the Group’s Executive Board are entitled to both a fixed (non-performancerelated) and a variable (performance-linked) remuneration in accordance with the contracts of employment currently in place. Further details about the compensation system of the Executive Board you can find in the following documents:
Compensation system of the Supervisory Board
Each member of the Supervisory Board receives a fixed remuneration, which is payable at the end of the business year, in addition to being reimbursed for his/her expenses and to being refunded a possible value-added tax liability incurred on his/her remuneration as Supervisory Board member. No member of the Supervisory Board receives any variable or share-based remuneration payments. Further details about the compensation board of the Supervisory Board you can find in the following document: