Supervisory Board Remuneration
Under Article 17 of Volkswagen AG’s Articles of Association, the remuneration of Volkswagen AG’s Supervisory Board is composed of a fixed component (plus attendance fees) and a variable component that depends on the amount of the dividend paid. The duties performed by the respective member on the Supervisory Board are also taken into account. Several members of the Supervisory Board are also members of the supervisory boards of subsidiaries. The remuneration received there is based on the provisions of the relevant Articles of Association and also comprises a fixed component and a variable component that is linked to the amount of the dividend paid. This remuneration is contained in the following figures. In fiscal year 2014, the members of the Supervisory Board received €12,149,450 (€9,774,530). Of this figure, €808,500 (€528,671) related to the fixed remuneration components (including attendance fees) and €11,340,950 (€9,245,859) to the variable remuneration components.
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REMUNERATION OF THE MEMBERS OF THE SUPERVISORY BOARD1 |
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|
FIXED |
VARIABLE |
TOTAL |
TOTAL |
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€ |
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|
2014 |
2013 |
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|
|
|
|
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|
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Ferdinand K. Piëch |
171,500 |
1,303,800 |
1,475,300 |
1,189,300 |
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Berthold Huber2 |
38,000 |
899,000 |
937,000 |
773,567 |
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Hussain Ali Al-Abdulla |
11,000 |
387,500 |
398,500 |
331,833 |
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Ahmad Al-Sayed |
10,000 |
387,500 |
397,500 |
167,140 |
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Jürgen Dorn2 |
47,000 |
435,150 |
482,150 |
408,833 |
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Annika Falkengren |
15,000 |
581,250 |
596,250 |
494,250 |
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Hans-Peter Fischer2 |
12,000 |
387,500 |
399,500 |
331,833 |
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Uwe Fritsch2 |
12,000 |
387,250 |
399,250 |
331,833 |
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Babette Fröhlich2 |
15,000 |
581,250 |
596,250 |
495,250 |
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Olaf Lies3 |
12,000 |
387,500 |
399,500 |
287,802 |
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Hartmut Meine2 |
12,000 |
387,500 |
399,500 |
331,833 |
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Peter Mosch2 |
30,500 |
674,250 |
704,750 |
571,156 |
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Bernd Osterloh2 |
15,000 |
581,250 |
596,250 |
495,250 |
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Hans Michel Piëch |
97,000 |
449,500 |
546,500 |
405,533 |
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Ursula Piëch |
23,000 |
449,500 |
472,500 |
368,458 |
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Ferdinand Oliver Porsche |
95,500 |
868,000 |
963,500 |
752,967 |
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Wolfgang Porsche |
150,000 |
643,250 |
793,250 |
577,950 |
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Stephan Weil3 |
15,000 |
581,250 |
596,250 |
428,068 |
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Stephan Wolf2 |
15,000 |
581,250 |
596,250 |
484,356 |
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Thomas Zwiebler2 |
12,000 |
387,500 |
399,500 |
331,833 |
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Supervisory Board members who left in the previous year |
– |
– |
– |
215,484 |
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Total |
808,500 |
11,340,950 |
12,149,450 |
9,774,530 |