Compensation Report 2005
Supervisory Board Compensation 2005
According to §12 of the Articles of Association, the members of the Supervisory board receive a fixed annual payment of €30,000 per year, payable at the end of the financial year. Compensation for the Chairman of the Supervisory Boar is three times this amount. Supervisory Board members who also belong to a committee are paid an additional €5,000 per year and Committee chairmen €10,000 per year. In addition to their annual compensation, members receive an attendance fee of €3,000 for each board and committee meeting. In total, the Supervisory Board received compensation of €451,666 for the financial year 2005.