Remuneration of the Supervisory Board

Supervisory Board remuneration in 2019

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 (such as the Legal Affairs Committee formed in 2019) 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.

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 2019, 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.69)

The total remuneration of all the activities of the members of the Supervisory Board of Daimler AG in the year 2019 was thus €4.6 million (2018: €4.2 million).

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 2019.

B.69 Supervisory Board remuneration

Name Function(s) remunerated Total in 2019 thereof remuneration
from subsidiaries
In euros      
       
Dr. Manfred Bischoff1 Chairman of the Supervisory Board, the Presidential Committee and the Nomination Committee as well as member of the Legal Affairs Committee 602,542 51,638
Michael Brecht1, 2 Deputy Chairman of the Supervisory Board, the Presidential Committee, the Audit Committee and the Legal Affairs Committee 499,129 47,925
Dr. Paul Achleitner Member of the Supervisory Board and the Nomination Committee 180,500
Bader M. Al Saad1 Member of the Supervisory Board 164,833 13,133
Sari Baldauf1 Member of the Supervisory Board and the Nomination Committee 194,733 13,133
Michael Bettag2 Member of the Supervisory Board 152,800
Dr. Clemens Börsig1 Member of the Supervisory Board and Chairman of the Audit Committee and the Legal Affairs Committee 331,436 13,133
Raymond Curry3 Member of the Supervisory Board 150,600
Michael Häberle1, 2 Member of the Supervisory Board and the Legal Affairs Committee 185,443 15,539
Dr. Jürgen Hambrecht1 Member of the Supervisory Board and the Presidential Committee 237,353 20,353
Petraea Heynike1 Member of the Supervisory Board 167,239 15,539
Joe Kaeser1 Member of the Supervisory Board and the Audit Committee 240,339 14,439
Ergun Lümali1, 2 Member of the Supervisory Board and the Audit Committee 279,532 50,332
Dr. Bernd Pischetsrieder1 Member of the Supervisory Board 175,559 22,759
Elke Tönjes-Werner2 Member of the Supervisory Board 152,800
Sibylle Wankel1, 2 Member of the Supervisory Board and the Legal Affairs Committee 185,443 15,539
Dr. Frank Weber1 Member of the Supervisory Board 168,339 15,539
Marie Wieck1 Member of the Supervisory Board and the Legal Affairs Committee 184,343 15,539
Dr. Sabine Zimmer2 Member of the Supervisory Board 152,800
Roman Zitzelsberge1, 2 Member of the Supervisory Board and the Presidential Committee 236,253 19,253

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 Mr. Curry has directed that he receive no remuneration whatsoever and that his corresponding board remuneration is to be paid to the Hans-Böckler Foundation.

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