The total remuneration package of the members of the Board of Management consists of:
- Base salary
- Performance-related short-term incentive (with share matching opportunity)
- Performance-related long-term incentive (shares)
- Pensions
Furthermore, all members of the Board of Management are entitled to other benefits – such as a company car and representation allowance – which are needed for carrying out their duties and which are in line with market norms.
For communication purposes, the table presents a summarizing overview of the remuneration of the current members of the Board of Management. Reference is made to Note 23 of the Financial statements for more details.
In 2011, the value of fixed and variable cash components at target levels breaks down as indicated in the graphs.
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CEO in %  |
Board members in %  |
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Compensation overview members of the Board of Management 2009 – 2011 | ||||||||||||||||||||||||||||||||||||||||
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Hans Wijers |
Leif Darner |
Rob Frohn |
Tex Gunning4 |
Keith Nichols5 | |||||||||||||||||||||||||||||||||||
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in € |
2009 |
2010 |
2011 |
2009 |
2010 |
2011 |
2009 |
2010 |
2011 |
2009 |
2010 |
2011 |
2009 |
2010 |
2011 | |||||||||||||||||||||||||
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Base salary |
760,000 |
765,700 |
788,700 |
570,000 |
574,300 |
591,500 |
570,000 |
574,300 |
591,500 |
380,000 |
574,300 |
591,500 |
570,000 |
574,300 |
591,500 | |||||||||||||||||||||||||
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Short-term incentive1 |
464,000 |
1,284,200 |
423,500 |
339,300 |
513,000 |
206,400 |
339,300 |
513,000 |
206,400 |
226,200 |
513,000 |
206,400 |
339,300 |
513,000 |
206,400 | |||||||||||||||||||||||||
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Share awards2 |
678,400 |
981,900 |
1,132,100 |
481,500 |
724,500 |
848,500 |
481,500 |
724,500 |
848,500 |
277,600 |
628,700 |
848,500 |
382,500 |
704,200 |
848,500 | |||||||||||||||||||||||||
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Option awards2 |
99,200 |
25,100 |
– |
65,100 |
16,500 |
– |
65,100 |
16,500 |
– |
– |
– |
– |
18,200 |
4,800 |
– | |||||||||||||||||||||||||
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Pension premium paid |
458,400 |
722,500 |
482,900 |
208,600 |
272,200 |
217,900 |
146,000 |
206,900 |
185,800 |
88,900 |
277,200 |
240,800 |
124,700 |
204,400 |
198,200 | |||||||||||||||||||||||||
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Other emoluments |
4,100 |
4,400 |
4,900 |
4,100 |
4,400 |
4,900 |
6,900 |
7,100 |
7,400 |
2,700 |
4,400 |
4,900 |
112,700 |
162,200 |
187,800 | |||||||||||||||||||||||||
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Other compensation3 |
– |
– |
– |
147,800 |
147,400 |
149,300 |
47,500 |
– |
– |
– |
– |
– |
58,700 |
51,100 |
51,100 | |||||||||||||||||||||||||
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Total remuneration |
2,464,100 |
3,783,800 |
2,832,100 |
1,816,400 |
2,252,300 |
2,018,500 |
1,656,300 |
2,042,300 |
1,839,600 |
975,400 |
1,997,600 |
1,892,100 |
1,606,100 |
2,214,000 |
2,083,500 | |||||||||||||||||||||||||
