Compensation approvals
The table below shows the approval processes for key compensation decisions:
Compensation item |
Proposed |
Endorsed |
Approved |
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|---|---|---|---|---|---|---|---|
|
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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 |
AGM |
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Maximum aggregate amount of fixed compensation and long-term variable compensation for the members of the Group EC |
Group CEO |
Chairman of the Board of Directors, Board of Directors, Compensation Committee |
AGM |
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Aggregate amount of variable short-term compensation for the members of the Group EC |
Group CEO |
Chairman of the Board of Directors, Board of Directors, Compensation Committee |
AGM |
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Compensation for the Chairman of the Board of Directors |
Compensation Committee |
|
Board of Directors1 |
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Individual compensation for the members of the Board of Directors (excl. Chairman of the Board of Directors) |
Compensation Committee |
Chairman of the Board of Directors |
Board of Directors1 |
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Variable 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 Directors1 |
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Compensation for Group CEO |
Chairman of the Board of Directors |
Compensation Committee |
Board of Directors2 |
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Variable short-term compensation pools for the Control Functions |
Group CEO |
Compensation Committee, Chairs of the Audit Committee and the Finance and Risk Committee |
Board of Directors |
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Individual compensation for the Heads of the Control Functions |
Group CEO |
Compensation Committee, Chairs of the Audit Committee and the Finance and Risk Committee |
Board of Directors |
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Individual compensation for the members of the Group EC (excl. Group CEO) |
Group CEO |
Chairman of the Board of Directors, Compensation Committee |
Board of Directors2 |
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