Compensation of 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 2015/16, this amounted to €80,000 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 2015/16 are as follows:

Remuneration of members of the Supervisory Board for financial year 2015/16 pursuant to § 13 of the Articles of Association1

 Download XLS (37KB)

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 2014/15 relate to active members of the Supervisory Board in financial year 2015/16

Jürgen B. Steinemann, Chairman (since 19/2/2016)

2014/15

5,417

2015/16

/

186,667

Franz M. Haniel, Chairman (until 19/2/2016)

2014/15

195,000

2015/16

100,000

Werner Klockhaus, Vice Chairman

2014/15

130,000

2015/16

160,000

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

2014/15

65,000

2015/16

80,000

Gwyn Burr

2014/15

54,167

2015/16

80,000

Ulrich Dalibor

2014/15

65,000

2015/16

80,000

Karin Dohm (since 19/2/2016)

2014/15

 

2015/16

53,333

Thomas Dommel (since 10/12/2015)

2014/15

 

2015/16

66,667

Jürgen Fitschen

2014/15

97,500

2015/16

120,000

Hubert Frieling (until 31/8/2016)

2014/15

65,000

2015/16

73,333

Dr. Florian Funck

2014/15

97,500

2015/16

120,000

Andreas Herwarth

2014/15

65,000

2015/16

/

113,333

Peter Küpfer

2014/15

65,000

2015/16

80,000

Rainer Kuschewski

2014/15

97,500

2015/16

120,000

Susanne Meister

2014/15

65,000

2015/16

80,000

Dr Angela Pilkmann (since 1/9/2016)

2014/15

 

2015/16

6,667

Mattheus P. M. (Theo) de Raad

2014/15

65,000

2015/16

80,000

Dr. Fredy Raas

2014/15

97,500

2015/16

120,000

Xaver Schiller

2014/15

97,500

2015/16

120,000

Dr. jur. Hans-Jürgen Schinzler

2014/15

130,000

2015/16

160,000

Jürgen Schulz (since 10/12/2015)

2014/15

 

2015/16

66,667

Angelika Will

2014/15

65,000

2015/16

80,000

Total2

2014/15

 

1,522,084

2015/16

 

2,146,667

In financial year 2015/16, 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 2015/161

 Download XLS (23KB)

Financial year

 

1

Plus potentially applicable value added tax

Werner Klockhaus

2014/15

9,300

2015/16

9,300

Thomas Dommel

2014/15

2015/16

4,500

Rainer Kuschewski

2014/15

39,400

2015/16

6,200

Xaver Schiller

2014/15

9,000

2015/16

9,000

Total

2014/15

57,700

2015/16

29,000

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.