Board compensation
Executive Board compensation
The total compensation paid to the members of the Executive
Board in the last financial year was 1,131 T€, including pension
expenses (2006: 1,173 T€). In addition, stock options at a fair
value of 220 T€ were issued to the members of the Executive
Board (2006: 216 T€). Executive Board compensation is comprised
of fixed and variable components, as well as performance
incentives to achieve a long-term increase in the company’s
value. The criteria for the variable compensation components
are laid down in advance each year. Long-term compensation
components consist of stock options. The intention is to create
performance incentives aimed at sustained corporate success.
Success benchmarks may not be subsequently changed. There
were no advance payments to board members
Supervisory Board compensation
The compensation paid to the members of the Supervisory Board
totaled 220 T€ in 2007 (2006: 247 T€). Supervisory Board compensation
is comprised of a fixed cash amount and payments
for attended meetings. The duties of the Chairman and Deputy
Chairman are considered according to their scope. Information
on subscription rights of members of the managerial bodies and
employees is provided under (69). No advance payments were
made to the Supervisory Board.
Executive Board Compensation in fiscal year 2007
| Other variable compensation with a long-term incentive | ||||
| Executive Board member | Fixed compensation in T€ |
Variable compensation in T€ |
Number of stock options no |
Value of options in T€ |
| Dr. Peter Heinrich, Chief Executive Officer | 261 | 165 | 40.000 | 98 |
| Alexander Dexne, Chief Financial Officer (until 31/05/2007) | 85 | 25 | 25.000 | 61 |
| Dr. Thomas Klaue, Chief Financial Officer (from 15/06/2007) | 111 | 60 | 0 | 0 |
| Dr. Ulrich Delvos, Chief Operating Officer | 251 | 109 | 25.000 | 61 |
| Total | 708 | 359 | 90.000 | 220 |
Supervisory Board compensation in fiscal year 2007
| Supervisory Board member | Fixes compensation in T€ |
Variable compensation in T€ |
Variable compensation with a long-term incentive (No. of convertible bonds or stock options) |
Compensation fot individually performed services in T€ |
| Prof. Dr. Ernst Ludwig Winnaker, Chairman | 48 | 20 | 0 | 0 |
| Dr. Norbert Riedel, Deputy Chairman | 36 | 15 | 0 | 0 |
| Dr. Pol Bamelis, Member | 24 | 10 | 0 | 0 |
| Sebastian Freitag, Member (since June 10, 2005) | 24 | 10 | 0 | 0 |
| Dr. Manfred Scholz, Member (until 20/09/2007) | 12 | 2 | 0 | 0 |
| James Noble, Member (from 25/05/2007) | 16 | 5 | 0 | 0 |
| Total | 160 | 60 | 0 | 0 |