Compensation approval
The table below shows the approval processes for key compensation decisions:
Decision on |
Proposed |
Endorsed |
Approved |
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Maximum aggregate amount of compensation for the members of the Board of Directors for the next term of office |
Compensation Committee, Chairman of the Board of Directors, Board of Directors (to the AGM) |
|
Board of Directors, AGM |
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Individual compensation for the members of the Board of Directors |
Compensation Committee, Chairman of the Board of Directors1 |
|
Board of Directors2 |
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Maximum aggregate amount of fixed compensation and long-term variable compensation for the members of the Group EC |
Group CEO, Board of Directors (to the AGM) |
Chairman of the Board of Directors |
Compensation Committee, Board of Directors, AGM |
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Aggregate amount of variable short-term compensation for the members of the Group EC |
Group CEO, Board of Directors (to the AGM) |
Chairman of the Board of Directors |
Compensation Committee, Board of Directors, AGM |
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Compensation for Group CEO |
Compensation Committee, Chairman of the Board of Directors |
|
Board of Directors3 |
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Individual compensation for the members of the Group EC |
Group CEO |
Chairman of the Board of Directors |
Compensation Committee3, 4 |
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Short-term compensation pools and long-term incentive pools for the Group and Group EC |
Group CEO |
Chairman of the Board of Directors, Compensation Committee |
Board of Directors2 |
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Variable compensation pools for the Control Functions and individual compensation of the Heads of the Control Functions |
Group CEO |
Compensation Committee |
Board of Directors, Chairs of the Audit Committee and the Finance and Risk Committee |
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