Remuneration of the supervisory board
The remuneration paid to the Supervisory Board is specified in article 15 of the Company’s Statutes. This stipulates that the members of the Supervisory Board of DEUTZ AG receive fixed annual remuneration of €22,500. They also receive a fee of €2,500 for each Supervisory Board meeting they attend and are reimbursed for their out-of-pocket expenses. The chairman of the Supervisory Board receives double these amounts, and his deputy one-and-a-half times.
In addition, each member of a Supervisory Board committee receives an attendance fee of €2,500 for each committee meeting attended. The chairman of a committee is entitled to twice this sum, his deputy to one-and-a-half times the amount.
In addition, DEUTZ reimburses the members of the Supervisory Board for any VAT they incur in connection with the performance of their mandate.
The following table shows the breakdown of total remuneration paid to members of the Supervisory Board for their work as Supervisory Board members:
|Fixed remuneration||Attendance fees||Total|
|Dr Ing Hermann Garbers||22,500||15,000||37,500|
(from 1 June 2017 )
|Leif Peter Karlsten||22,500||15,000||37,500|
|Dr Witich Roßmann||22,500||12,500||35,000|
|Dr Herbert Vossel
(until 31 May 2017 )