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March 1, 2012
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29 – Compensation for the Board of Executive Directors and Supervisory Board of BASF SE

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Million €

2011

2010

Performance-related and fixed payments to the Board of Executive Directors

24.4

22.2

Market value of options granted to the Board of Executive Directors in the fiscal year on date of grant

6.9

3.5

Total compensation for the Board of Executive Directors

31.3

25.7

Service costs of the Board of Executive Directors

3.8

2.9

 

 

 

Compensation for the Supervisory Board

3.0

2.9

Total compensation for former members of the Board of Executive Directors and their surviving dependents

12.8

13.2

Pension provisions for former members of the Board of Executive Directors and their surviving dependents

116.1

95.4

Guarantees to members of the Board of Executive Directors and the Supervisory Board

Performance-related compensation for the Board of Executive Directors is based on the return on assets, as well as the performance of the entire Board. Return on assets corresponds to earnings before taxes plus borrowing costs as a percentage of average assets.

Moreover, in 2011, the members of the Board of Executive Directors were granted 268,884 options under the long-term incentive (LTI) program.

The options of active and former members of the Board resulted in personnel expenses of €7.6 million in 2011 (2010: €46.4 million).

A member of the Board of Executive Directors had a remaining debt of €97,000 in building loans from the BASF Pensionskasse VVaG as of December 31, 2011 (January 1, 2011: €194,000). The conditions of the loan are no different than those offered to other employees.

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