31 – Compensation for the Board of Executive Directors and Supervisory Board

Million €

 

2016

2015

1

The compensation for Dr. Andreas Kreimeyer, who left the Board of Executive Directors on April 30, 2015, is included in the 2015 figures.

Performance-related and not performance-related cash compensation for the Board of Executive Directors

 

17.4

18.4

Fair value of options granted to the Board of Executive Directors in the fiscal year as of grant date

 

4.0

4.3

Total compensation for the Board of Executive Directors1

 

21.4

22.7

Service costs for members of the Board of Executive Directors

 

3.3

3.8

 

 

 

 

Compensation for the Supervisory Board

 

3.0

3.0

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

 

15.9

12.1

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

 

150.4

144.7

Guarantees assumed for 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 adjusted for special items, as well as the performance of the entire Board. Return on assets corresponds to income before taxes and minority interests plus interest expenses as a percentage of average assets.

The members of the Board of Executive Directors were granted 163,764 options under the long-term incentive (LTI) program in 2016.

The market valuation of the options of active and former members of the Board resulted in expenses of €30.7 million in 2016. In 2015, the market valuation of the options resulted in income of €6.6 million.