✓ audited

30 – Compensation for the Board of Executive Directors and Supervisory Board of BASF SE

 Download (xls, 19 kB)

Million €

2012

2011

Non-performance-related and performance-related cash compensation for the Board of Executive Directors

23.2

24.4

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

4.0

6.9

Total compensation for the Board of Executive Directors

27.2

31.3

Service costs for members of the Board of Executive Directors

4.1

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

23.7

12.8

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

142.3

116.1

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, 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, the members of the Board of Executive Directors were granted 289,468 options under the long-term incentive (LTI) program in 2012.

The options of active and former members of the Board resulted in personnel expenses of €37.5 million in 2012. In 2011, the options resulted in expenses of €7.6 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; this amount was fully repaid in 2012.