Remuneration of the Supervisory Board
Supervisory Board remuneration in 2017
The remuneration of the Supervisory Board is determined by the Annual 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 March 2017 and effective for the financial year beginning on January 1, 2017 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 €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 if the committee has actually convened to fulfill its duties in the respective year.
In connection with the remuneration adjustment, 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.
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.
The individual remuneration of the members of the Supervisory Board is shown in table B.56.
In financial year 2017, 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 2017 was thus €4.2 million (2016: €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 2017.
B. 56 Supervisory Board remuneration
|Name||Function(s) remunerated||Total in 2017|
|Dr. Manfred Bischoff||Chairman of the Supervisory Board, the Presidential Committee and the Nomination Committee||536,000|
|Michael Brecht1||Deputy Chairman of the Supervisory Board, the Presidential Committee and the Audit Committee||436,300|
|Dr. Paul Achleitner||Member of the Supervisory Board and the Nomination Committee||183,800|
|Bader M. Al Saad||Member of the Supervisory Board (since March 29, 2017)||115,177|
|Sari Baldauf||Member of the Supervisory Board and the Nomination Committee||184,900|
|Bettag, Michael1||Member of the Supervisory Board||153,900|
|Dr. Clemens Börsig||Member of the Supervisory Board and Chairman of the Audit Committee||302,300|
|Dr. Bernd Bohr||Member of the Supervisory Board (until March 29, 2017)||38,018|
|Dr. Jürgen Hambrecht||Member of the Supervisory Board and the Presidential Committee||215,900|
|Petraea Heynike||Member of the Supervisory Board||153,900|
|Andrea Jung||Member of the Supervisory Board||152,800|
|Joe Kaeser||Member of the Supervisory Board and the Audit Committee||230,300|
|Ergun Lümali1||Member of the Supervisory Board and the Audit Committee||230,300|
|Wolfgang Nieke1||Member of the Supervisory Board||153,900|
|Dr. Bernd Pischetsrieder||Member of the Supervisory Board||152,800|
|Valter Sanches2||Member of the Supervisory Board||150,600|
|Jörg Spies1||Member of the Supervisory Board||153,900|
|Elke Tönjes-Werner1||Member of the Supervisory Board||153,900|
|Sibylle Wankel1||Member of the Supervisory Board||153,900|
|Dr. Frank Weber||Member of the Supervisory Board||153,900|
|Roman Zitzelsberger1||Member of the Supervisory Board and the Presidential Committee||217,000|
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.