The following report describes the remuneration received by the Management Board and the Supervisory Board of METRO AG for the short financial year 2013 (1 January to 30 September 2013) compared with the financial year 2012 (1 January to 31 December 2012) paid in accordance to standards laid down by the German Commercial Code (HGB) and the German Corporate Governance Code. It outlines the system of Management Board compensation and contains information about share-based compensation for executives of METRO GROUP.
The remuneration system for the Management Board is approved by the Supervisory Board of METRO AG. The Supervisory Board is advised in this matter by its Personnel Committee. The current remuneration system was approved by the Annual General Meeting on 6 May 2011.