Fundamental elements of the managing board´s remuneration system –
item §4.2.3 sentence 8 of the german corporate governance code
- The members of the Managing Board receive a fixed remuneration.
- The members of the Managing Board also receive a variable remuneration in the amount of 2,5% of the consolidated results before income taxes and before bonuses. The variable remuneration is due for payment two weeks subsequent to the adoption of the consolidated financial statements.
- Upon payment of this remuneration all of the activities performed by the members of the Managing Board for the company are satisfied.