Remuneration of the Supervisory Board
Supervisory Board remuneration in 2020
The remuneration of the Supervisory Board is determined by the Annual Shareholders’ Meeting of Daimler AG. It is regulated by Article 10 of the Articles of Incorporation of Daimler AG as a function-related fixed remuneration without performance bonus components and takes into account the responsibilities and scope of activity of the Supervisory Board members. The new regulations for Supervisory Board remuneration approved by the Annual Shareholders’ Meeting in March 2017 and effective for the financial year beginning on January 1, 2017 specify that the members of the Supervisory Board receive fixed remuneration of €144,000 after the conclusion of the financial year. The Chairman of the Supervisory Board receives an additional €288,000 and the Deputy Chairman of the Supervisory Board receives an additional €144,000. The members of the Audit Committee are paid an additional €72,000, the members of the Presidential Committee are paid an additional €57,600 and the members of the other committees of the Supervisory Board are paid an additional €28,800; an exception is the Chairman of the Audit Committee, who is paid an additional €144,000. 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 in a financial year if the committee has actually convened to fulfill its duties in this period.
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 meeting fee is paid only once if several meetings of the Supervisory Board and/or its committees are held on the same calendar day.
Furthermore the members of the Supervisory Board receive a refund of their expenses and the cost of any value added tax incurred by them in performance of their office.
The members of the Supervisory Board were also covered by consequential loss-liability insurance taken out by the company in its own interest in an appropriate amount for boards and specific managers. The company paid the premiums.
In connection with the remuneration adjustment in 2017, all members of the Supervisory Board have made a self-commitment to purchase Company shares in the amount of 20 % of their gross annual salary (excluding committee remuneration and the meeting fee) every year and to hold these shares until the end of one year after they have left the Company’s Supervisory Board (voluntary obligation in accordance with the “comply or explain” principle).
This does not apply to Supervisory Board members whose Supervisory Board remuneration is subject in a mandatory or voluntary manner to the guidelines of the German Trade Union Confederation on the transfer of supervisory board remuneration to the Hans Böckler Foundation, or to the same extent is subject to a transfer to the employer or claim to payment due to a service or employment contract. In the event that a lower amount of the Supervisory Board remuneration is transferred or credited, the voluntary commitment applies to 20 % of the amount not transferred or credited. With this voluntary commitment, the members of the Supervisory Board are expressing their focus on and commitment to the long-term, sustainable success of the Company.
In financial year 2020, 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 individual remuneration of the members of the Supervisory Board is shown in the following table. (See table B.57)
|Name||Function(s) remunerated||Total in 20204||thereof remuneration from subsidiaries|
|Dr. Manfred Bischoff1||Chairman of the Supervisory Board, the Presidential Committee and the Nomination Committee as well as member of the Legal Affairs Committee||741,948||261,577|
|Michael Brecht1, 2||Deputy Chairman of the Supervisory Board, the Presidential Committee, the Audit Committee and the Legal Affairs Committee||637,103||242,825|
|Dr. Paul Achleitner||Member of the Supervisory Board and the Nomination Committee (until July 8, 2020)||85,637||–|
|Bader M. Al Saad1||Member of the Supervisory Board||195,641||64,920|
|Sari Baldauf1||Member of the Supervisory Board and the Nomination Committee||221,873||63,820|
|Michael Bettag2||Member of the Supervisory Board||130,721||–|
|Dr. Clemens Börsig1||Member of the Supervisory Board and Chairman of the Audit Committee and the Legal Affairs Committee||347,094||64,920|
|Raymond Curry3||Member of the Supervisory Board||130,821||–|
|Michael Häberle1, 2||Member of the Supervisory Board and the Legal Affairs Committee||234,329||77,156|
|Dr. Jürgen Hambrecht1||Member of the Supervisory Board and the Presidential Committee||284,153||104,489|
|Petraea Heynike1||Member of the Supervisory Board||207,877||77,156|
|Timotheus Höttges||Member of the Supervisory Board (since July 8, 2020)||60,991||–|
|Joe Kaeser1||Member of the Supervisory Board and the Audit Committee||272,577||77,156|
|Ergun Lümali1, 2||Member of the Supervisory Board and the Audit Committee||448,502||253,081|
|Dr. Bernd Pischetsrieder1||Member of the Supervisory Board and the Nomination Committee (since July 9, 2020)||257,425||114,745|
|Elke Tönjes-Werner2||Member of the Supervisory Board||130,721||–|
|Sibylle Wankel1, 2||Member of the Supervisory Board and the Legal Affairs Committee||234,329||77,156|
|Dr. Frank Weber1||Member of the Supervisory Board||207,877||77,156|
|Marie Wieck1||Member of the Supervisory Board and the Legal Affairs Committee||234,329||77,156|
|Dr. Sabine Zimmer2||Member of the Supervisory Board||130,721||–|
|Roman Zitzelsberger1, 2||Member of the Supervisory Board and the Presidential Committee||286,133||104,489|
|1 Including remuneration as a member of the Supervisory Board of Daimler Truck AG and/or Mercedes-Benz AG.|
|2 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.|
|3 Raymond Curry has directed that he receive no remuneration whatsoever and that his corresponding board remuneration is to be paid to the Hans-Böckler Foundation. His corresponding board remuneration is to be paid to the Hans-Böckler Foundation.|
|4 Taking into account the voluntary agreement on the part of the Supervisory Board to forgo 20 % of their fixed remuneration and their meeting fees from April 1 to December 31, 2020.|
Taking into account the voluntary agreement on the part of the Supervisory Board of Daimler AG to forgo 20 % of their fixed remuneration and their meeting fees from April 1 to December 31, the total remuneration of all the activities of the members of the Supervisory Board of Daimler AG in the year 2020 was thus €5.5 million (2019: €4.6 million).
Pursuant to Section 113 Subsection 3 of the German Stock Corporation Act (AktG) in the revised version of the law for the implementation of the second shareholders rights directive (ARUG II) the Annual Shareholders’ Meeting of a listed corporation shall approve the remuneration of the Supervisory Board members at least every four years, whereby a resolution confirming the remuneration is permissible. Such a resolution is planned for the ordinary Annual Shareholders’ Meeting 2021. The remuneration of the Supervisory Board members according to Article 10 of the Articles of Incorporation are to be amended in the course of this so that the additional function-related remuneration for the Chair and membership of the Legal Affairs Committee are adjusted to €115,200 and €57,600 respectively.
Loans to members of the Supervisory Board
No advances or loans were made or abated to members of the Supervisory Board of Daimler AG in 2020.