Compensation of members of the Supervisory Board
Remuneration of members of the Supervisory Board is regulated by § 13 of the Articles of Association of METRO AG. Following a proposal by the Management Board and Supervisory Board, the Annual General Meeting 2013 decided to switch to only fixed compensation for members of the Supervisory Board. For this reason, no variable compensation was paid in financial year 2013/14. Fixed compensation totals €65,000 for every ordinary member of the Board.
The value added tax payable to the compensation is reimbursed to the members of the Supervisory Board in accordance with § 13 Section 5 of METRO AG’s Articles of Association.
Remuneration factors
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Remuneration factors |
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Chairman of the Supervisory Board |
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Vice Chairman |
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Committee Chairmen1 |
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Committee members1 |
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Members of the Supervisory Board |
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The individual amount of Supervisory Board remuneration takes into account the duties and responsibilities of the individual members of the Supervisory Board by considering special assignments. The compensation of the Chairman of the Supervisory Board is three times higher than that of an ordinary member of the Supervisory Board; that of the Vice Chairman and the Chairmen of the committees is twice as high; and that of the other members of the committees is 1.5 times higher. The remuneration for membership or chairmanship of a committee will be paid only if at least two meetings or other resolutions took place during the respective financial year. A member of the Supervisory Board who holds several offices at once receives compensation for only one office; in the case of different levels of remuneration, the member is compensated for the most highly paid office.
The relevant individual amounts for financial year 2013/14 are as follows:
Remuneration of members of the Supervisory Board for financial year 2013/14 pursuant to § 13 of the Articles of Association1
| Download XLS (38KB) |
€ |
Financial year2 |
Multiplier |
Fixed salary |
Performance-based remuneration3 |
Total |
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Franz M. Haniel, Chairman |
2013 |
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105,000 |
52,128 |
157,128 |
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2013/14 |
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195,000 |
– |
195,000 |
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Werner Klockhaus, Vice Chairman |
2013 |
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70,000 |
34,752 |
104,752 |
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2013/14 |
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130,000 |
– |
130,000 |
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Prof Dr oec. Dr iur. Ann-Kristin Achleitner |
2013 |
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35,000 |
17,376 |
52,376 |
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2013/14 |
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65,000 |
– |
65,000 |
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Dr Wulf H. Bernotat |
2013 |
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52,500 |
26,064 |
78,564 |
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2013/14 |
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97,500 |
– |
97,500 |
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Ulrich Dalibor |
2013 |
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35,000 |
17,376 |
52,376 |
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2013/14 |
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65,000 |
– |
65,000 |
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Jürgen Fitschen |
2013 |
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52,500 |
26,064 |
78,564 |
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2013/14 |
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65,000 |
– |
65,000 |
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Hubert Frieling |
2013 |
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35,000 |
17,376 |
52,376 |
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2013/14 |
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65,000 |
– |
65,000 |
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Dr Florian Funck |
2013 |
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35,000 |
17,376 |
52,376 |
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2013/14 |
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67,708 |
– |
67,708 |
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Andreas Herwarth |
2013 |
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35,000 |
17,376 |
52,376 |
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2013/14 |
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65,000 |
– |
65,000 |
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Uwe Hoepfel |
2013 |
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44,722 |
22,203 |
66,925 |
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2013/14 |
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97,500 |
– |
97,500 |
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Peter Küpfer |
2013 |
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35,000 |
17,376 |
52,376 |
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2013/14 |
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65,000 |
– |
65,000 |
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Rainer Kuschewski |
2013 |
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44,722 |
22,203 |
66,925 |
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2013/14 |
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97,500 |
– |
97,500 |
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Susanne Meister |
2013 |
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14,583 |
7,240 |
21,823 |
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2013/14 |
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65,000 |
– |
65,000 |
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Baroness Lucy Neville-Rolfe DBE CMG (through 18/08/2014) |
2013 |
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14,583 |
7,240 |
21,823 |
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2013/14 |
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59,583 |
– |
59,583 |
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Mattheus P. M. (Theo) de Raad |
2013 |
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35,000 |
17,376 |
52,376 |
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2013/14 |
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65,000 |
– |
65,000 |
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Dr Fredy Raas |
2013 |
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8,750 |
5,068 |
13,818 |
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2013/14 |
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97,500 |
– |
97,500 |
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Gabriele Schendel |
2013 |
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35,000 |
17,376 |
52,376 |
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2013/14 |
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65,000 |
– |
65,000 |
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Xaver Schiller |
2013 |
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52,500 |
26,064 |
78,564 |
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2013/14 |
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97,500 |
– |
97,500 |
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Dr jur. Hans-Jürgen Schinzler |
2013 |
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70,000 |
34,752 |
104,752 |
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2013/14 |
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130,000 |
– |
130,000 |
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Angelika Will |
2013 |
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35,000 |
17,376 |
52,376 |
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2013/14 |
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65,000 |
– |
65,000 |
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Total4 |
2013 |
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844,860 |
420,162 |
1,265,022 |
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2013/14 |
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1,719,791 |
– |
1,719,791 |
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No remuneration applied to the memberships of the Supervisory Board’s Nominations and Mediation Committee in financial year 2013/14.
In financial year 2013/14, individual members of the Supervisory Board of METRO AG also received compensation from the group companies for Supervisory Board mandates at group companies.
Other intra-group compensation1 of members of the Supervisory Board for financial year 2013/14
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€ |
Financial year2 |
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Ulrich Dalibor |
2013 |
6,750 |
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2013/14 |
5,250 |
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Uwe Hoepfel |
2013 |
49,800 |
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2013/14 |
49,800 |
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Werner Klockhaus |
2013 |
6,695 |
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2013/14 |
9,300 |
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Rainer Kuschewski |
2013 |
18,979 |
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2013/14 |
39,400 |
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Gabriele Schendel |
2013 |
49,800 |
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2013/14 |
49,800 |
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Susanne Meister |
2013 |
3,000 |
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2013/14 |
2,500 |
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Mattheus P. M. (Theo) de Raad3 |
2013 |
– |
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2013/14 |
17,692 |
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Xaver Schiller |
2013 |
9,000 |
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2013/14 |
9,000 |
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Angelika Will |
2013 |
2,000 |
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2013/14 |
– |
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Total |
2013 |
146,024 |
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2013/14 |
182,742 |
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Beyond this, the members of the Supervisory Board were not granted any remuneration or benefits for work performed, in particular consulting and brokerage services, on behalf of companies of METRO GROUP in the sense of Subsection 5.4.6 of the German Corporate Governance Code.