Remuneration received by members of the Supervisory Board

The members of the Supervisory Board receive a fixed yearly remuneration amount in accordance with § 13 of METRO AG’s Articles of Association. In financial year 2014/15, this amounted to €65,000 per ordinary member.

The value added tax payable to the compensation is reimbursed to the members of the Supervisory Board in accordance with § 13 Section 5 of METRO AG’s Articles of Association.

Remuneration factors

Remuneration factors

1

With a minimum of two meetings/resolutions

Chairperson of the Supervisory Board

  

Vice Chairperson

 

Committee chairpersons1

 

Committee members1

Members of the Supervisory Board

The individual amount of 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 Chairperson of the Supervisory Board is three times higher than that of an ordinary member of the Supervisory Board; that of the Vice Chairperson and the Chairpersons of the committees is twice as high; and that of the other members of the committees is 1.5 times higher. The remuneration for membership or chairmanship of a committee will be paid only if at least two 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 one office; in the case of different levels of remuneration, the member is compensated for the most highly paid office.

The relevant individual amounts for financial year 2014/15 are as follows:

Remuneration of members of the Supervisory Board for financial year 2014/15 pursuant to § 13 of the Articles of Association1

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Financial year

Multiplier

Fixed salary

1

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

2

Reported figures for 2013/14 relate to active members of the Supervisory Board in financial year 2014/15

Franz M. Haniel, Chairman

2013/14

195,000

2014/15

195,000

Werner Klockhaus, Vice Chairman

2013/14

130,000

2014/15

130,000

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

2013/14

65,000

2014/15

65,000

Dr Wulf H. Bernotat (until 4/9/2015)

2013/14

97,500

2014/15

97,500

Gwyn Burr (since 9/12/2014)

2013/14

 

2014/15

54,167

Ulrich Dalibor

2013/14

65,000

2014/15

65,000

Jürgen Fitschen

2013/14

65,000

2014/15

97,500

Hubert Frieling

2013/14

65,000

2014/15

65,000

Dr Florian Funck

2013/14

/

67,708

2014/15

97,500

Andreas Herwarth

2013/14

65,000

2014/15

65,000

Uwe Hoepfel

2013/14

97,500

2014/15

97,500

Peter Küpfer

2013/14

65,000

2014/15

65,000

Rainer Kuschewski

2013/14

97,500

2014/15

97,500

Susanne Meister

2013/14

65,000

2014/15

65,000

Mattheus P. M. (Theo) de Raad

2013/14

65,000

2014/15

65,000

Dr Fredy Raas

2013/14

97,500

2014/15

97,500

Gabriele Schendel

2013/14

65,000

2014/15

65,000

Xaver Schiller

2013/14

97,500

2014/15

97,500

Dr jur. Hans-Jürgen Schinzler

2013/14

130,000

2014/15

130,000

Jürgen Bernard Steinemann (since 5/9/2015)

2013/14

 

2014/15

5,417

Angelika Will

2013/14

65,000

2014/15

65,000

Total2

2013/14

 

1,660,208

2014/15

 

1,782,084

No remuneration applied to the memberships of the Supervisory Board’s Mediation Committee in financial year 2014/15.

In financial year 2014/15, individual members of the Supervisory Board of METRO AG also received compensation from the group companies for Supervisory Board mandates at group companies.

Other intra-group compensation of members of the Supervisory Board for financial year 2014/151

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Financial year

 

1

Plus potentially applicable value added tax

Ulrich Dalibor

2013/14

5,250

2014/15

Uwe Hoepfel

2013/14

49,800

2014/15

49,800

Werner Klockhaus

2013/14

9,300

2014/15

9,300

Rainer Kuschewski

2013/14

39,400

2014/15

39,400

Susanne Meister

2013/14

2,500

2014/15

Mattheus P. M. (Theo) de Raad

2013/14

17,692

2014/15

40,000

Gabriele Schendel

2013/14

49,800

2014/15

49,800

Xaver Schiller

2013/14

9,000

2014/15

9,000

Total

2013/14

182,742

2014/15

197,300

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.

Outlook: increase in the remuneration of the Supervisory Board

The Management Board and the Supervisory Board of METRO AG will put forward a proposal to the Annual General Meeting of the company on 19 February 2016 to increase the fixed annual remuneration of the Supervisory Board for an ordinary member from €65,000 to €80,000.

The planned increase reflects the greater demands on the commitment – including in terms of time – of the members of the Supervisory Board.