Compensation Report

This report outlines the main principles of the compensation for the Board of Executive Directors and discloses the amount and structure of the compensation of each Board member. Furthermore, it provides information on end-of-service undertakings with respect to members of the Board of Executive Directors, as well as information on the compensation of Supervisory Board members.

  • New compensation system for Board of Executive Directors applied for the first time in 2020
  • The one-year variable compensation is 70% below the prior-year level (sum of performance bonus part 1 and part 2)
  • Members of the Board of Executive Directors voluntary relinquished 20% of their fixed compensation in the second quarter of 2020