Remuneration received by members of the Supervisory Board
The members of the Supervisory Board receive a fixed yearly remuneration amount in accordance with § 13 of METRO AG’s Articles of Association. In financial year 2014/15, this amounted to €65,000 per ordinary member.
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
Remuneration factors |
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Chairperson of the Supervisory Board |
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Vice Chairperson |
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Committee chairpersons1 |
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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 Chairperson of the Supervisory Board is three times higher than that of an ordinary member of the Supervisory Board; that of the Vice Chairperson and the Chairpersons 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 2014/15 are as follows:
Remuneration of members of the Supervisory Board for financial year 2014/15 pursuant to § 13 of the Articles of Association1
| Download XLS (36KB) |
€ |
Financial year |
Multiplier |
Fixed salary |
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Franz M. Haniel, Chairman |
2013/14 |
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195,000 |
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2014/15 |
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195,000 |
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Werner Klockhaus, Vice Chairman |
2013/14 |
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130,000 |
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2014/15 |
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130,000 |
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Prof. Dr oec. Dr iur. Ann-Kristin Achleitner |
2013/14 |
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65,000 |
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2014/15 |
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65,000 |
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Dr Wulf H. Bernotat (until 4/9/2015) |
2013/14 |
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97,500 |
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2014/15 |
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97,500 |
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Gwyn Burr (since 9/12/2014) |
2013/14 |
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– |
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2014/15 |
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54,167 |
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Ulrich Dalibor |
2013/14 |
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65,000 |
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2014/15 |
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65,000 |
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Jürgen Fitschen |
2013/14 |
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65,000 |
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2014/15 |
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97,500 |
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Hubert Frieling |
2013/14 |
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65,000 |
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2014/15 |
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65,000 |
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Dr Florian Funck |
2013/14 |
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67,708 |
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2014/15 |
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97,500 |
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Andreas Herwarth |
2013/14 |
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65,000 |
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2014/15 |
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65,000 |
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Uwe Hoepfel |
2013/14 |
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97,500 |
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2014/15 |
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97,500 |
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Peter Küpfer |
2013/14 |
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65,000 |
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2014/15 |
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65,000 |
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Rainer Kuschewski |
2013/14 |
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97,500 |
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2014/15 |
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97,500 |
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Susanne Meister |
2013/14 |
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65,000 |
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2014/15 |
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65,000 |
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Mattheus P. M. (Theo) de Raad |
2013/14 |
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65,000 |
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2014/15 |
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65,000 |
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Dr Fredy Raas |
2013/14 |
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97,500 |
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2014/15 |
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97,500 |
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Gabriele Schendel |
2013/14 |
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65,000 |
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2014/15 |
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65,000 |
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Xaver Schiller |
2013/14 |
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97,500 |
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2014/15 |
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97,500 |
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Dr jur. Hans-Jürgen Schinzler |
2013/14 |
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130,000 |
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2014/15 |
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130,000 |
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Jürgen Bernard Steinemann (since 5/9/2015) |
2013/14 |
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– |
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2014/15 |
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5,417 |
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Angelika Will |
2013/14 |
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65,000 |
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2014/15 |
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65,000 |
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Total2 |
2013/14 |
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1,660,208 |
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2014/15 |
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1,782,084 |
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No remuneration applied to the memberships of the Supervisory Board’s Mediation Committee in financial year 2014/15.
In financial year 2014/15, 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 compensation of members of the Supervisory Board for financial year 2014/151
| Download XLS (23KB) |
€ |
Financial year |
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Ulrich Dalibor |
2013/14 |
5,250 |
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2014/15 |
– |
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Uwe Hoepfel |
2013/14 |
49,800 |
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2014/15 |
49,800 |
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Werner Klockhaus |
2013/14 |
9,300 |
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2014/15 |
9,300 |
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Rainer Kuschewski |
2013/14 |
39,400 |
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2014/15 |
39,400 |
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Susanne Meister |
2013/14 |
2,500 |
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2014/15 |
– |
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Mattheus P. M. (Theo) de Raad |
2013/14 |
17,692 |
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2014/15 |
40,000 |
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Gabriele Schendel |
2013/14 |
49,800 |
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2014/15 |
49,800 |
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Xaver Schiller |
2013/14 |
9,000 |
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2014/15 |
9,000 |
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Total |
2013/14 |
182,742 |
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2014/15 |
197,300 |
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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.
Outlook: increase in the remuneration of the Supervisory Board
The Management Board and the Supervisory Board of METRO AG will put forward a proposal to the Annual General Meeting of the company on 19 February 2016 to increase the fixed annual remuneration of the Supervisory Board for an ordinary member from €65,000 to €80,000.
The planned increase reflects the greater demands on the commitment – including in terms of time – of the members of the Supervisory Board.