Board of Management Compensation Report & Rules of Procedure
The compensation report describes the principles applied in determining the compensation for the Executive Board and Supervisory Board of MTU Aero Engines AG, and states the amount and composition of that compensation. The compensation report follows the provisions of Section 314 (1) no. 6 of the German Commercial Code (HGB), German Accounting Standard (GAS) 17 “Reporting on the remuneration of members of governing bodies,” the recommendations of the German Corporate Governance Code (GCGC), and the International Financial Reporting Standards (IFRSs).
(Excerpt of the Annual Report 2020 page 75 - 85)
Here you find the rules of procedure of the Board of Management together with the list of transactions subject to approval for download as PDF files: