30. Compensation of the Board of Executive Directors and Supervisory Board
|
2022 |
2021 |
|---|---|---|
Non-performance-related and performance-related cash compensation of the Board of Executive Directors |
18.5 |
31.1 |
Fair value of performance share units allocated to the Board of Executive Directors in the fiscal year as of allocation date |
10.0 |
12.3 |
Total compensation of the Board of Executive Directors |
28.5 |
43.4 |
Service costs for members of the Board of Executive Directors |
3.7 |
3.6 |
|
|
|
Compensation of the Supervisory Board |
3.3 |
3.3 |
Total compensation of former members of the Board of Executive Directors and their surviving dependents |
9.1 |
14.3 |
Pension provisions for former members of the Board of Executive Directors and their surviving dependents |
160.4 |
196.9 |
Guarantees assumed for members of the Board of Executive Directors and the Supervisory Board |
– |
– |
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 2022.
Market valuation of the option rights of active and former members of the Board of Executive Directors resulted in income totaling €2.3 million (2021: €0.8 million) in 2022.
In 2022, members of the Board of Executive Directors were allocated 166,001 performance share units (PSUs) under the LTI performance share program (2021: 187,618 PSUs). Market valuation of the PSUs of members of the Board of Executive Directors resulted in an expense totaling €6.7 million in 2022 (2021: €9.6 million).