30 – Compensation of the Board of Executive Directors and Supervisory Board

(XLSX:) XLS

Compensation of the Board of Executive Directors and Supervisory Board (Million €)

 

2020

2019

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

9.7

13.3

Fair value of options and performance share units granted to the Board of Executive Directors in the fiscal year as of grant datea

12.1

3.2

Total compensation of the Board of Executive Directors

21.8

16.5

Service costs for members of the Board of Executive Directors

3.7

3.7

 

 

 

Compensation of the Supervisory Board

2.9

3.3

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

12.5

11.5

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

209.0

198.2

Guarantees assumed for members of the Board of Executive Directors and the Supervisory Board

–

–

a

The Board of Executive Directors was granted the new LTI performance share plan for the first time in 2020.

The STI performance bonus is based on the performance of the Board of Executive Directors as a whole and the return on capital employed (ROCE) of the BASF Group. Subject to certain conditions, ROCE is adjusted for special items from acquisitions and divestitures. The ROCE for 2020 is lower than the threshold according to the bonus curve. In this case, the compensation system stipulates that the ROCE factor be determined by a special resolution of the Supervisory Board. The Supervisory Board has determined an ROCE factor of 0.3.

The members of the Board of Executive Directors were granted 166,272 option rights under the previous long-term incentive (LTI) program for the last time in 2020.

Market valuation of the option rights of active and former members of the Board of Executive Directors resulted in an expense totaling €1.1 million in 2020. In 2019, option rights led to an expense in the amount of €3.0 million.

In 2020, members of the Board of Executive Directors were granted 151,247 performance share units for the first time in connection with the new LTI performance share plan, which led to an expense of €2.9 million in 2020.

For more information on the compensation of members of the Board of Executive Directors, see the Compensation Report
More information on the members of the Supervisory Board and Board of Executive Directors, including their memberships on other boards