Remuneration of Management and Supervisory Board
Remuneration of the Management Board
Taking into account the Act Implementing the Second Shareholder Rights Directive ("ARUG II") and the new German Corporate Governance Code, the Supervisory Board resolved the following compensation system for the members of the Executive Board and submitted the compensation system to the Annual General Meeting on May 11, 2021 for approval under agenda item 6. The Annual General Meeting approved the compensation system for members of the Executive Board with a majority of 99.94%.
Remuneration Supervisory Board
The currently applicable compensation system for the Supervisory Board was approved by the Annual General Meeting on November 26, 2020 with a majority of 99.99% as follows:
The annual compensation of the members of the Supervisory Board shall be approved with effect from July 1, 2023 as follows:
- In addition to reimbursement of their expenses, the members of the Supervisory Board shall receive an annual fixed remuneration of EURO 14,000.00. The Chairman of the Supervisory Board shall receive a fixed annual remuneration of EURO 34,000.00.
- In addition, the members of the Supervisory Board shall receive an attendance fee per meeting attended of EURO 1,500.00. The remuneration shall be paid plus any value added tax incurred.
- As a fringe benefit, the members of the Supervisory Board are granted the assumption of the premiums for a directors and officers insurance policy.