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

 

 

FIXED

 

VARIABLE

 

TOTAL

 

TOTAL

 

 

 

 

 

2014

 

2013

 

 

 

 

 

 

 

 

 

1

All figures shown are rounded, so minor discrepancies may arise from addition of these amounts.

2

These employee representatives have stated that they will transfer their Supervisory Board remuneration to the Hans Böckler Foundation in accordance with the guidelines issued by the German Confederation of Trade Unions (DGB).

3

Under section 5(3) of the Niedersächsisches Ministergesetz (Act Governing Ministers of the State of Lower Saxony), these members of the Supervisory Board are obliged to transfer their Supervisory Board remuneration to the State of Lower Saxony as soon as and to the extent that it exceeds €6,200 per annum. Remuneration is defined for this purpose as Supervisory Board remuneration and attendance fees exceeding the amount of €200.

Ferdinand K. Piëch

 

171,500

 

1,303,800

 

1,475,300

 

1,189,300

Berthold Huber2

 

38,000

 

899,000

 

937,000

 

773,567

Hussain Ali Al-Abdulla

 

11,000

 

387,500

 

398,500

 

331,833

Ahmad Al-Sayed

 

10,000

 

387,500

 

397,500

 

167,140

Jürgen Dorn2

 

47,000

 

435,150

 

482,150

 

408,833

Annika Falkengren

 

15,000

 

581,250

 

596,250

 

494,250

Hans-Peter Fischer2

 

12,000

 

387,500

 

399,500

 

331,833

Uwe Fritsch2

 

12,000

 

387,250

 

399,250

 

331,833

Babette Fröhlich2

 

15,000

 

581,250

 

596,250

 

495,250

Olaf Lies3

 

12,000

 

387,500

 

399,500

 

287,802

Hartmut Meine2

 

12,000

 

387,500

 

399,500

 

331,833

Peter Mosch2

 

30,500

 

674,250

 

704,750

 

571,156

Bernd Osterloh2

 

15,000

 

581,250

 

596,250

 

495,250

Hans Michel Piëch

 

97,000

 

449,500

 

546,500

 

405,533

Ursula Piëch

 

23,000

 

449,500

 

472,500

 

368,458

Ferdinand Oliver Porsche

 

95,500

 

868,000

 

963,500

 

752,967

Wolfgang Porsche

 

150,000

 

643,250

 

793,250

 

577,950

Stephan Weil3

 

15,000

 

581,250

 

596,250

 

428,068

Stephan Wolf2

 

15,000

 

581,250

 

596,250

 

484,356

Thomas Zwiebler2

 

12,000

 

387,500

 

399,500

 

331,833

Supervisory Board members who left in the previous year

 

 

 

 

215,484

Total

 

808,500

 

11,340,950

 

12,149,450

 

9,774,530