Compensation of 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 2015/16, this amounted to €80,000 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 2015/16 are as follows:
Remuneration of members of the Supervisory Board for financial year 2015/16 pursuant to § 13 of the Articles of Association1
| Download XLS (37KB) |
€ |
Financial year |
Multiplier |
Fixed salary |
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Jürgen B. Steinemann, Chairman (since 19/2/2016) |
2014/15 |
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5,417 |
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2015/16 |
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186,667 |
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Franz M. Haniel, Chairman (until 19/2/2016) |
2014/15 |
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195,000 |
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2015/16 |
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100,000 |
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Werner Klockhaus, Vice Chairman |
2014/15 |
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130,000 |
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2015/16 |
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160,000 |
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Prof. Dr oec. Dr iur. Ann-Kristin Achleitner |
2014/15 |
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65,000 |
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2015/16 |
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80,000 |
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Gwyn Burr |
2014/15 |
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54,167 |
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2015/16 |
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80,000 |
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Ulrich Dalibor |
2014/15 |
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65,000 |
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2015/16 |
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80,000 |
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Karin Dohm (since 19/2/2016) |
2014/15 |
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– |
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2015/16 |
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53,333 |
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Thomas Dommel (since 10/12/2015) |
2014/15 |
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– |
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2015/16 |
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66,667 |
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Jürgen Fitschen |
2014/15 |
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97,500 |
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2015/16 |
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120,000 |
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Hubert Frieling (until 31/8/2016) |
2014/15 |
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65,000 |
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2015/16 |
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73,333 |
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Dr. Florian Funck |
2014/15 |
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97,500 |
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2015/16 |
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120,000 |
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Andreas Herwarth |
2014/15 |
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65,000 |
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2015/16 |
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113,333 |
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Peter Küpfer |
2014/15 |
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65,000 |
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2015/16 |
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80,000 |
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Rainer Kuschewski |
2014/15 |
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97,500 |
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2015/16 |
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120,000 |
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Susanne Meister |
2014/15 |
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65,000 |
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2015/16 |
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80,000 |
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Dr Angela Pilkmann (since 1/9/2016) |
2014/15 |
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– |
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2015/16 |
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6,667 |
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Mattheus P. M. (Theo) de Raad |
2014/15 |
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65,000 |
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2015/16 |
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80,000 |
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Dr. Fredy Raas |
2014/15 |
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97,500 |
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2015/16 |
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120,000 |
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Xaver Schiller |
2014/15 |
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97,500 |
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2015/16 |
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120,000 |
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Dr. jur. Hans-Jürgen Schinzler |
2014/15 |
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130,000 |
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2015/16 |
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160,000 |
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Jürgen Schulz (since 10/12/2015) |
2014/15 |
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– |
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2015/16 |
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66,667 |
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Angelika Will |
2014/15 |
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65,000 |
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2015/16 |
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80,000 |
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Total2 |
2014/15 |
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1,522,084 |
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2015/16 |
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2,146,667 |
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In financial year 2015/16, 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 2015/161
| Download XLS (23KB) |
€ |
Financial year |
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Werner Klockhaus |
2014/15 |
9,300 |
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2015/16 |
9,300 |
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Thomas Dommel |
2014/15 |
– |
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2015/16 |
4,500 |
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Rainer Kuschewski |
2014/15 |
39,400 |
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2015/16 |
6,200 |
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Xaver Schiller |
2014/15 |
9,000 |
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2015/16 |
9,000 |
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Total |
2014/15 |
57,700 |
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2015/16 |
29,000 |
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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.