Compensation system for the Supervisory Board
The compensation system for the Supervisory Board was changed, by a resolution at the annual general meeting on May 7, 2021, to contain only a fixed compensation payment, with retroactive effect from January 1, 2021. This dispenses with the additional variable compensation payment which was previously in place, calculated based on the three-year rolling average EBT margin and capped at €24,000. However, the fixed basic compensation has now been raised to €58,000 from its previous level of €40,000.
The compensation paid to the members of the Supervisory Board is set out in Article 15 of → Dürr AG’s articles of incorporation. The compensation system for the Supervisory Board stipulates that each member receives a fixed annual compensation payment of €58,000. Members are also entitled to a €1,000 attendance fee for each meeting attended, plus reimbursement of expenses. The chair of any other Supervisory Board committee (with the exception of the Nominating Committee), including any ad-hoc committee, receives an attendance fee of €2,000.
The Chairman of the Supervisory Board receives three times the total compensation paid to a regular member; each deputy chair receives one and a half times the total compensation paid to a regular member. The compensation paid to the members of the Audit Committee is €10,000 per year. Members of the Personnel Committee receive €5,000 per year. The chairs of both committees receive three times the compensation paid to a regular member. The members of the Nominating Committee are entitled to a compensation payment of €2,500 per meeting, with the chair receiving one and a half times that amount. Any members leaving or joining the Supervisory Board or a committee after the beginning of the fiscal year are remunerated on a pro-rata basis.
Total compensation paid to the members of the Supervisory Board in 2020 was €1,002,000, after €1,161,000 in the previous year.
| € | Basic remuneration |
Remuneration for committee membership | Attendance fees3 | Variable remuneration | Total |
|
Gerhard Federer1 Chairman (since May 28, 2020) | 101,666.67 | 42,250.00 | 36,000.00 | - | 179,916.67 |
| (2019) | (55,000.00) | (49,500.00) | (32,000.00) | (13,500.00) | (150,000.00) |
|
Karl-Heinz Streibich Chairman (until May 28, 2020) | 50,000.00 | 13,750.00 | 6,000.00 | - | 69,750.00 |
| (2019) | (120,000.00) | (15,000.00) | (11,000.00) | (40,500.00) | (186,500.00) |
|
Hayo Raich1,2,4 Deputy Chairman | 63,000.00 | 5,000.00 | 14,900.00 | - | 82,900.00 |
| (2019) | (63,000.00) | (5,000.00) | (11,600.00) | (20,250.00) | (99,850.00) |
|
Richard Bauer Additional Deputy Chairman | 60,000.00 | 10,000.00 | 15,000.00 | - | 85,000.00 |
| (2019) | (60,000.00) | (5,000.00) | (7,000.00) | (20,250.00) | (92,250.00) |
| Mirko Becker2,4 | 40,000.00 | 10,000.00 | 14,000.00 | - | 64,000.00 |
| (2019) | (40,000.00) | (10,000.00) | (11,000.00) | (13,500.00) | (74,500.00) |
| Dr. Rolf Breidenbach | 40,000.00 | - | 9,000.00 | - | 49,000.00 |
| (2019) | (40,000.00) | (-) | (6,000.00) | (13,500.00) | (59,500.00) |
| Prof. Dr. Dr. Alexandra Dürr | 40,000.00 | 15,000.00 | 13,000.00 | - | 68,000.00 |
| (2019) | (40,000.00) | (10,000.00) | (10,000.00) | (13,500.00) | (73,500.00) |
| Carmen Hettich-Günther1,2,4 | 60,000.00 | 13,500.00 | 31,000.00 | - | 104,500.00 |
| (2019) | (62,500.00) | (12,000.00) | (30,000.00) | (28,500.00) | (133,000.00) |
| Thomas Hohmann4 | 40,000.00 | - | 8,000.00 | - | 48,000.00 |
| (2019) | (40,000.00) | (-) | (6,000.00) | (13,500.00) | (59,500.00) |
| Dr. Anja Schuler1 | 50,000.00 | 7,500.00 | 23,000.00 | - | 80,500.00 |
| (2019) | (50,000.00) | (4,500.00) | (20,000.00) | (13,500.00) | (88,000.00) |
| Dr. Martin Schwarz-Kocher2,4 | 40,000.00 | 10,000.00 | 12,000.00 | - | 62,000.00 |
| (2019) | (40,000.00) | (10,000.00) | (11,000.00) | (13,500.00) | (74,500.00) |
| Dr. Astrid Ziegler2,4 | 40,000.00 | 5,000.00 | 14,000.00 | - | 59,000.00 |
| (2019) | (40,000.00) | (5,000.00) | (11,000.00) | (13,500.00) | (69,500.00) |
|
Arnd Zinnhardt (since May 28, 2020) | 23,333.33 | 17,500.00 | 9,000.00 | - | 49,833.33 |
| (2019) | (-) | (-) | (-) | (-) | (-) |
| Total | 648,000.00 | 149,500.00 | 204,900.00 | - | 1,002,400.00 |
| (Total 2019) | (650,500.00) | (126,000.00) | (166,600.00) | (217,500.00) | (1,160,600.00) |
1 Also member of the Supervisory Board of Dürr Systems AG or HOMAG Group AG and HOMAG GmbH
2 These employee representatives have declared that they will transfer their remuneration to the Hans-Böckler Foundation in keeping with the guidelines of the German Federation of Trade Unions
3 For Supervisory Board and committee meetings
4 Employee representative