30. Compensation of the Board of Executive Directors and Supervisory Board
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2021 |
2020 |
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|---|---|---|---|---|---|---|---|---|
Non-performance-related and performance-related cash compensation of the Board of Executive Directors |
31.1 |
9.7 |
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Fair value of options and performance share units allocated to the Board of Executive Directors in the fiscal year as of allocation datea |
12.3 |
12.1 |
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Total compensation of the Board of Executive Directors |
43.4 |
21.8 |
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Service costs for members of the Board of Executive Directors |
3.6 |
3.7 |
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|
|
|
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Compensation of the Supervisory Board |
3.3 |
2.9 |
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Total compensation of former members of the Board of Executive Directors and their surviving dependents |
14.3 |
12.5 |
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Pension provisions for former members of the Board of Executive Directors and their surviving dependents |
196.9 |
209.0 |
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Guarantees assumed for members of the Board of Executive Directors and the Supervisory Board |
– |
– |
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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 conditions for a ROCE adjustment were not met in 2021.
In the final allocation of options under the BOP LTI program in 2020, 166,272 option rights were allocated to the Board of Executive Directors.
Market valuation of the option rights of active and former members of the Board of Executive Directors resulted in income totaling €0.8 million in 2021. In 2020, option rights led to an expense in the amount of €1.1 million.
In 2021, members of the Board of Executive Directors were allocated 187,618 performance share units (PSUs) under the LTI performance share program (2020: 151,247 PSUs). Market valuation of the PSUs of members of the Board of Executive Directors resulted in an expense totaling €9.6 million in 2021 (2020: €2.9 million).