Remuneration-related transactions, term of appointment
The remuneration entitlements of individual Supervisory Board members result from the cooperative legal relationship established between the Company and the Supervisory Board member through their election to the Supervisory Board and their acceptance, and which is structured by the Articles of Incorporation and, where applicable, a resolution on Supervisory Board remuneration by the Shareholders’ Meeting. Accordingly, no agreements on Supervisory Board remuneration exist between Deutsche Telekom AG and the Supervisory Board members.
The term of appointment of Supervisory Board members is governed by § 9 (2) of the Deutsche Telekom AG Articles of Incorporation as follows:
“The members of the Supervisory Board shall be elected for the period ending with the Shareholders’ Meeting that approves the actions of the Supervisory Board for the fourth financial year following commencement of tenure of office. The financial year in which tenure of office commences shall not be counted. The Shareholders’ Meeting may determine, for members representing shareholders, a shorter tenure of office at the time of their election. A successor to a member representing shareholders who has resigned prior to expiry of his/her tenure of office shall be elected for the remainder of the retired member’s tenure of office, unless the successor’s tenure of office is otherwise determined by the Shareholders’ Meeting.”
The Supervisory Board has decided to define the standard term in office for nominations of shareholder members as the period ending with the Shareholders’ Meeting that approves the actions of the Supervisory Board for the third financial year following commencement of term of office. The financial year in which term of office commences shall not be counted.
The discharge of Supervisory Board members is possible according to the requirements of the statutory provisions applicable at the time. Members of the Supervisory Board may resign from their office pursuant to § 9 (4) of the Deutsche Telekom AG Articles of Incorporation by giving four weeks’ written notice to the Chair of the Supervisory Board or to the Board of Management. This shall be without prejudice to the right to resign on compelling grounds.