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Annual Report 2015

Compensation approval

The table below shows the role of the Compensation Committee in approving compensation.

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Decision on

Proposed

Endorsed

Approved

1

Board members concerned abstain from voting.

2

Other than the Chairman’s compensation.

3

Within the maximum aggregate amount of compensation approved by the AGM.

4

Within the maximum aggregate amount of compensation approved by the AGM and the supplementary amount available for changes in the Group EC as per the AoA respectively.

5

Board of Directors informed.

Maximum aggregate amount of compensation of Group Board members for the next term of office1

Compensation Committee, Chairman of the Board of Directors, Board of Directors (to the AGM)

 

Board of Directors, AGM

Individual compensation of Group Board members

Compensation Committee, Chairman of the Board of Directors2

 

Board of Directors3

Maximum aggregate amount of fixed and long-term compensation of Group EC members

Group CEO, Board of Directors (to the AGM)

Chairman of the Board of Directors

Compensation Committee, Board of Directors, AGM

Aggregate amount of variable short-term compensation of Group EC members

Group CEO, Board of Directors (to the AGM)

Chairman of the Board of Directors

Compensation Committee, Board of Directors, AGM

Compensation of Group CEO

Compensation Committee, Chairman of the Board of Directors

 

Board of Directors4

Individual compensation of Group EC members (excl. Group CEO)

Group CEO

Chairman of the Board of Directors

Compensation Committee4,5

Short-term compensation pools and long-term incentive pools for the Group and Group EC (incl. Group CEO)

Group CEO

Chairman of the Board of Directors, Compensation Committee

Board of Directors3