Components, amount, and structure of Supervisory Board remuneration

According to the provisions defined in the Articles of Incorporation and amended this year, each member of the Supervisory Board receives a fixed basic annual remuneration of EUR 115,000. The Chair and Deputy Chair of the Supervisory Board receive an increased basic remuneration in recognition of the increased organizational and administrative efforts associated with their activities and their responsibility for ensuring the successful, efficient collaboration of the overall Board. The increase amounts to EUR 115,000 for the Chair and EUR 55,000 for the Deputy Chair.

Additional remuneration is paid for membership of committees of the Supervisory Board in recognition of the importance of committee work and the increased preparation and work required. The amounts vary according to the individual committee. The provisions stipulate that the Chair of the Audit and Finance Committee receives EUR 145,000, every other Audit and Finance Committee member EUR 60,000, the Chair of the General Committee EUR 80,000, every other General Committee member EUR 35,000, the Chair of the Nomination Committee EUR 30,000, every other Nomination Committee member EUR 15,000, the Chair of the Strategy, ESG, and Innovation Committee EUR 80,000 and every other Strategy, ESG, and Innovation Committee member EUR 35,000. For all other committees with the exception of the Mediation Committee, the committee Chair receives EUR 50,000 and every other committee member EUR 30,000. There is no remuneration for chairing or being a member of the Mediation Committee.

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 shall be considered. The attendance fee shall only be owed insofar as the total of the attendance fees due in a single financial year does not reach 10 percent of the total remuneration of the Supervisory Board member, including any reimbursements received for expenses.

The remuneration and attendance fees shall fall due at the end of the Shareholders’ Meeting to which the consolidated financial statements for the financial year in question are presented or which decides on its approval.

In the interests of the Company, Supervisory Board members are covered by a directors’ and officers’ (D&O) liability insurance policy. The Company shall pay the premiums.

The Company shall reimburse all Supervisory Board members for their expenses and for the value-added tax on their remuneration. The Company shall also support the members of the Supervisory Board, within reason, with their induction and with further education and training measures.