Non-performance-based remuneration components
Members of the Board of Management receive the following non-performance-based (fixed) remuneration components:
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Remuneration components |
Features |
Objectives and bearing on strategy |
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Basic remuneration |
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Remuneration in kind |
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Other fringe benefits |
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Basic remuneration
Basic remuneration is always paid out in monthly installments. In combination with the remuneration in kind, it represents the minimum amount of remuneration that a member of the Board of Management will receive in a year. When setting the amount, the Supervisory Board differentiates between the Chair and the ordinary members of the Board of Management. In addition, the level of basic remuneration varies according to the number of reappointments and the level of personal experience of each member of the Board of Management. The Supervisory Board always carries out a systematic assessment of the remuneration of the member of the Board of Management in question during the reappointment process, and adapts their remuneration to reflect their personal experience and performance.
Remuneration in kind
In line with market and corporate standards, the Company grants all members of the Board of Management additional benefits, some of which are viewed as non-cash benefits and taxed accordingly. These include the provision of a company car, the possible service of a personal driver, and the provision of accident and personal liability insurance.
Other fringe benefits
In the 2024 financial year, the Supervisory Board did not take up the opportunity provided for in the remuneration system to offer “other fringe benefits” in certain cases.