Remuneration System Supervisory Board

According to Article 14 of the company’s Articles of Association, each member of the Supervisory Board is entitled to fixed annual remuneration of EUR 60,000, allocated pro rata temporis in the event of personnel changes during the fiscal year.  In addition, members of the Supervisory Board shall receive an attendance fee of EUR 2,000 for each meeting and reasonable out-of-pocket expenses and value-added tax are reimbursed. The Chairman of the Supervisory Board receives two-and-a-half times, his or her deputy one-and-a-half times and the Chairman of the Audit Committee one-and-a-quarter times the fixed compensation. The Chairman of the Supervisory Board and any Chairman of a Supervisory Board committee each receive two-and-a-half times and their deputies one-and-a-half times the attendance fee.

The remuneration system for the Supervisory Board in its current version was approved by the Annual General Meeting on May 17, 2023 with a majority of 99,63% of valid votes cast and applies as of January 1, 2023. Further information with respect to the aforementioned resolution can be found in the invitation to the Annual General Meeting 2023.

The previous remuneration system for the Supervisory Board 2021 required to be published which was approved by the Annual General Meeting on May 12, 2021 with a majority of 99,54% of valid votes cast is available below. Further information with respect to the aforementioned resolution can be found in the invitation to the Annual General Meeting 2021. The remuneration system for the Supervisory Board 2021 applied until December 31, 2023.