Overview of the remuneration system in the 2024 financial year

Components, amount, and structure of Supervisory Board remuneration in the 2024 financial year

According to the provisions defined in the Articles of Incorporation, each member of the Supervisory Board receives a fixed basic annual remuneration of EUR 100,000. The Chair and the Deputy Chair of the Supervisory Board receive increased basic remuneration in recognition of the greater organizational and administrative efforts associated with their activities and their responsibility for the successful and efficient collaboration of the overall Board. The increase is EUR 100,000 for the Chair and EUR 50,000 for the Deputy Chair.

Additional remuneration is paid as follows for membership of committees of the Supervisory Board in light of the importance of committee work and the increased preparation and work required.

1. The Chair of the Audit and Finance Committee receives EUR 120,000, ordinary members of the Audit and Finance Committee EUR 50,000.
2. The Chair of the General Committee receives EUR 70,000, ordinary members of the General Committee EUR 30,000.
3. The Chair of the Nomination Committee receives EUR 25,000, ordinary members of the Nomination Committee EUR 12,500.
4. The Chair of the Strategy, ESG, and Innovation Committee receives EUR 70,000, ordinary members of the Strategy, ESG, and Innovation Committee EUR 30,000.
5. The Chair of any other committee receives EUR 40,000, ordinary members of any other committee EUR 25,000. Chairpersonship and membership of the Mediation Committee are not remunerated.

Supervisory Board members who are only on the Supervisory Board or a committee for part of the financial year are remunerated proportionally.

To take proper account of the time spent attending meetings, members of the Supervisory Board also receive an attendance fee of EUR 2,000 for each meeting of the Supervisory Board and its committees that they attend, whereby only one meeting per day is considered.

In the 2024 financial year, the remuneration system for the Supervisory Board was applied in all aspects as regulated by § 13 of the Articles of Incorporation. The members of the Supervisory Board received no further remuneration and/or benefits during the reporting year for services they provided personally, in particular consultancy or mediation services.

Supervisory Board remuneration under the new system for the 2024 financial year (payment after the 2025 Shareholders’ Meeting) is broken down for each individual member as follows: