The General Meeting decides on the annual remuneration of the members of the supervisory board nominated or elected by the shareholders as well as on any additional remuneration for special tasks performed, if applicable.
At the General Meeting of 27 February 2007, the shareholders approved annual remuneration of € 15,000 for the regular members of the supervisory board, € 25,000 for the vice chairman and € 50,000 for the chairman for the period from 1 January 2007 to the end of the ordinary Annual General Meeting of 2010, which decides on the approval of the actions of the management board and supervisory board members for the 2009 financial year.
Additionally to their annual remuneration, the supervisory board members also receive cash compensation for expenses. The supervisory board has further approved a € 100,000 limit on remuneration for consultant activities for its chairman. Furthermore, the members of the supervisory board are, in accordance with the Articles of Association, covered by D&O liability insurance up to a certain maximum amount. The insurance covers the personal liability of the supervisory board members in the event of careless neglect of duty during their service for the company.
In 2008, no (other) remuneration was paid to the members of the supervisory board. There were no other transactions with members of the supervisory board.
Published on website:
22.10.2007
- Last update:
6.9.10 11:14:39