Remuneration of the Supervisory Board
Supervisory Board remuneration in 2016
The remuneration of the Supervisory Board is determined by the Shareholders’ Meeting of Daimler AG and is governed by the Company’s Articles of Incorporation. The new regulations for Supervisory Board remuneration approved by the Annual Shareholders’ Meeting in April 2014 and effective for the financial year beginning on January 1, 2014 specify that the members of the Supervisory Board receive, in addition to the refund of their expenses and the cost of any value-added tax incurred by them in performance of their office, fixed remuneration of €120,000 after the conclusion of the financial year. The Chairman of the Supervisory Board receives an additional €240,000 and the Deputy Chairman of the Supervisory Board receives an additional €120,000. The members of the Audit Committee are paid an additional €60,000, the members of the Presidential Committee are paid an additional €48,000 and the members of the other committees of the Supervisory Board are paid an additional €24,000; an exception is the Chairman of the Audit Committee, who is paid an additional €120,000. Additional payments are made for activities in a maximum of three committees; any persons who are members of more than three such committees receive additional payments for the three most highly paid functions. Members of a Supervisory Board committee are only entitled to remuneration for such membership if the committee has actually convened to fulfill its duties in the respective year.
The members of the Supervisory Board and its committees receive a meeting fee of €1,100 for each Supervisory Board meeting and committee meeting that they attend.
The individual remuneration of the members of the Supervisory Board is shown in table B.57.
B.57 Supervisory Board remuneration
|Name||Function(s) remunerated||Total in 2016|
|Dr. Manfred Bischoff||Chairman of the Supervisory Board, the Presidential Committee and |
the Nomination Committee
|Michael Brecht1||Deputy Chairman of the Supervisory Board, the Presidential Committee and the Audit Committee||370,000|
|Dr. Paul Achleitner||Member of the Supervisory Board and the Nomination Committee||153,900|
|Sari Baldauf||Member of the Supervisory Board and the Nomination Committee||153,900|
|Michael Bettag1||Member of the Supervisory Board||128,800|
|Dr. Clemens Börsig||Member of the Supervisory Board and the Audit Committee (Chairman of the Audit Committee)||255,400|
|Dr. Bernd Bohr||Member of the Supervisory Board||128,800|
|Dr. Jürgen Hambrecht||Member of the Supervisory Board and of the Presidential Committee||183,400|
|Petraea Heynike||Member of the Supervisory Board||128,800|
|Andrea Jung||Member of the Supervisory Board||127,700|
|Joe Kaeser||Member of the Supervisory Board and the Audit Committee||193,200|
|Ergun Lümali1||Member of the Supervisory Board and the Audit Committee (since July 1, 2016)||161,164|
|Dr. Sabine Maaßen1||Member of the Supervisory Board and the Audit Committee (each until June 30, 2016)||97,208|
|Wolfgang Nieke1||Member of the Supervisory Board||128,800|
|Dr. Bernd Pischetsrieder||Member of the Supervisory Board||127,700|
|Valter Sanches2||Member of the Supervisory Board||127,700|
|Jörg Spies1||Member of the Supervisory Board||127,700|
|Elke Tönjes-Werner1||Member of the Supervisory Board||128,800|
|Sibylle Wankel1||Member of the Supervisory Board (since August 25, 2016)||44,495|
|Dr. Frank Weber||Member of the Supervisory Board||128,800|
|Roman Zitzelsberger1||Member of the Supervisory Board and of the Presidential Committee||183,400|
1 The employee representatives have stated that their board remuneration is to be transferred to the Hans-Böckler Foundation, in accordance with the guidelines of the German Trade Union Federation.
2 Mr. Sanches has directed that he receive no remuneration and that his board remuneration is to be paid to the Hans-Böckler Foundation.
In financial year 2016, no remuneration was paid for services provided personally beyond the aforementioned board and committee activities, in particular for advisory or agency services, except for the remuneration paid to the members of the Supervisory Board representing the employees in accordance with their contracts of employment.
The remuneration of all the activities of the members of the Supervisory Board of Daimler AG in the year 2016 was thus €3.5 million (2015: €3.5 million).
Loans to members of the Supervisory Board
No advances or loans were made to members of the Supervisory Board of Daimler AG in 2016.