Compensation of members of the Supervisory Board

Remuneration of members of the Supervisory Board is regulated by § 13 of the Articles of Association of METRO AG. In addition to reimbursement of cash expenses, the members of the Supervisory Board receive a fixed payment and a performance-based payment. Fixed compensation amounts to €35,000 for every ordinary member of the Board. The performance-based remuneration component is based on earnings before taxes (EBT) and non-controlling interests in the METRO AG financial statements. Each member of the Supervisory Board receives €600 per €25 million in EBT exceeding an average EBT of €100 million for the financial year 2012 and the 2 preceding years. For the financial year 2012, performance-based remuneration totalled €28,904 for each ordinary member. The value added tax payable to the fixed and performance-based compensation is reimbursed to the members of the Supervisory Board in accordance with § 13 Section 5 of METRO AG’s Articles of Association.

 Download XLS (19 kB)

Remuneration factors

 

1

With a minimum of 2 meetings/resolutions

Chairman of the Supervisory Board

    

Vice Chairman

  

Committee Chairmen1

  

Committee members1

Members of the Supervisory Board

The individual amount of fixed and performance-based Supervisory Board remuneration takes into account the duties and responsibilities of the individual members of the Supervisory Board by considering special assignments. The compensation of the Chairman of the Supervisory Board is 3 times higher than that of an ordinary member of the Supervisory Board; that of the Vice Chairman and the Chairmen of the committees is twice as high; and that of the other members of the committees 1.5 times higher. The remuneration for membership of or chairmanship of a committee will be paid only if at least 2 meetings or other resolutions took place during the respective financial year. A member of the Supervisory Board who holds several offices at once receives compensation for only 1 office; in the case of different levels of remuneration for the most highly paid office (§ 13 Section 3 Sentence 3 of the Articles of Association).

The relevant individual amounts for the financial year 2012 are as follows:

 Download XLS (31 kB)

Remuneration of members of the Supervisory Board for the financial year 2012 pursuant to § 13 of the Articles of Association1

 

 

 

 

 

 

Financial year

Multiplier

Fixed salary

Performance-based remuneration2

Total

1

Plus applicable value added tax in accordance with § 13 Section 5 of the Articles of Association

2

The 2012 performance-based compensation is due after the conclusion of the Annual General Meeting of METRO AG on 8 May 2013

3

Reported figures for 2011 relate to active members of the Supervisory Board in the financial year 2012

Franz M. Haniel, Chairman

2011

      

17,500

15,412

32,912

2012

     

105,000

86,712

191,712

Werner Klockhaus, stellv. Chairman

2011

    |    

61,250

53,942

115,192

2012

  

70,000

57,808

127,808

Prof. Dr. oec. Dr. iur.
Ann-Kristin Achleitner

2011

23,333

20,549

43,882

2012

35,000

28,904

63,904

Dr. Wulf H. Bernotat

2011

  

52,500

46,236

98,736

2012

  

52,500

43,356

95,856

Ulrich Dalibor

2011

35,000

30,824

65,824

2012

35,000

28,904

63,904

Jürgen Fitschen

2011

35,000

30,824

65,824

2012

  

46,667

38,539

85,206

Hubert Frieling

2011

35,000

30,824

65,824

2012

35,000

28,904

63,904

Dr. Florian Funck (since 23/05/2012)

2011

2012

23,333

19,269

42,602

Prof. Dr. Dr. h. c. mult. Erich Greipl

2011

  

52,500

46,236

98,736

2012

  

52,500

43,356

95,856

Andreas Herwarth

2011

35,000

30,824

65,824

2012

35,000

28,904

63,904

Uwe Hoepfel

2011

35,000

30,824

65,824

2012

35,000

28,904

63,904

Peter Küpfer

2011

35,000

30,824

65,824

2012

35,000

28,904

63,904

Rainer Kuschewski

2011

35,000

30,824

65,824

2012

35,000

28,904

63,904

Prof. Dr. Klaus Mangold

2011

35,000

30,824

65,824

2012

35,000

28,904

63,904

Dr.-Ing. e. h. Bernd Pischetsrieder (until 23/05/2012)

2011

35,000

30,824

65,824

2012

21,875

18,065

39,940

Mattheus P. M. (Theo) de Raad

2011

35,000

30,824

65,824

2012

35,000

28,904

63,904

Gabriele Schendel

2011

17,500

15,412

32,912

2012

35,000

28,904

63,904

Xaver Schiller

2011

  

52,500

46,236

98,736

2012

  

52,500

43,356

95,856

Dr. jur. Hans-Jürgen Schinzler

2011

  

70,000

61,648

131,648

2012

  

70,000

57,808

127,808

Peter Stieger

2011

  

52,500

46,236

98,736

2012

  

52,500

43,356

95,856

Angelika Will

2011

35,000

30,824

65,824

2012

35,000

28,904

63,904

Total3

2011

 

784,583

690,971

1,475,554

2012

 

931,875

769,569

1,701,444

No remuneration applied to the memberships of the Super­visory Board’s Mediation Committee in the financial year 2012.

In the financial year 2012, individual members of the Super­visory Board of METRO AG also received compensation from the Group companies for Supervisory Board mandates at Group companies.

 Download XLS (18 kB)

Other intragroup compensation of members of the Supervisory Board for the financial year 20121

 

 

 

Financial year

 

1

Plus value added tax

2

Reported figures for 2011 relate to active members of the Supervisory Board in the financial year 2012

Ulrich Dalibor

2011

9,000

2012

9,000

Prof. Dr. Dr. h. c. mult. Erich Greipl

2011

49,800

2012

49,800

Uwe Hoepfel

2011

49,800

2012

49,800

Werner Klockhaus

2011

2012

4,090

Rainer Kuschewski

2011

6,136

2012

6,136

Gabriele Schendel

2011

49,800

2012

49,800

Xaver Schiller

2011

6,000

2012

6,500

Peter Stieger

2011

9,203

2012

9,203

Angelika Will

2011

6,000

2012

6,000

Total2

2011

185,739

2012

190,329

The declared amounts do not include the remuneration entitle­ments of one member of the Supervisory Board from intra-group Supervisory Board mandates of which the member of the Supervisory Board waived the payment.

Beyond this, the members of the Supervisory Board were not granted any remuneration or benefits for work performed, in particular consulting and brokerage services, on behalf of companies of METRO GROUP in the sense of Subsection 5.4.6 of the German Corporate Governance Code.