Audi 2014 Annual Report Download - page 210

CORPORATE GOVERNANCE REPORT
REMUNERATION REPORT
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BENEFITS PAID UPON EARLY
TERMINATION OF ACTIVITY
If the activity is ended with good cause for which the member
of the Board of Management is not responsible, entitlement to
payment of a settlement shall be limited to a maximum of two
years’ annual remuneration (settlement cap).
No settlement will be paid to the Board member if the activity
was ended with good cause for which that member was
responsible.
Members of the Board of Management shall also, upon reach-
ing the corresponding age, be entitled to retirement pay or a
surviving dependent’s pension if their activity is terminated
prematurely.
/ REMUNERATION OF THE SUPERVISORY BOARD
The remuneration paid to the Supervisory Board is composed
of fixed and variable components in accordance with Article 16
of the Articles of Incorporation and Bylaws of AUDI AG. The
level of the variable remuneration components is based on the
compensatory payment made for the 2014 fiscal year in
accordance with the applicable provision in the Articles of
Incorporation and Bylaws.
The remuneration paid to the Supervisory Board of AUDI AG,
pursuant to Section 314, Para. 1, No. 6a) of the German Com-
mercial Code (HGB), is EUR 1,417 (1,135) thousand, of which
EUR 208 (214) thousand related to fixed components and
EUR 1,209 (921) thousand to variable components.
The actual payment of individual parts of the total remunera-
tion, which will only be determined upon finalization of the
compensatory payment, will be made in the 2015 fiscal year
pursuant to Section 16 of the Articles of Incorporation and
Bylaws.
Expenses for remuneration of the Supervisory Board
EUR Fixed Variable Total 2014
Prof. Dr. Dr. h. c. mult. Martin Winterkorn – – – Chairman 2)
Shareholder representative
Berthold Huber 1) 20,000 124,000 144,000 Vice Chairman 2)
Employee representative
Senator h. c. Helmut Aurenz 11,000 62,000 73,000 Shareholder representative
Dr. rer. pol. h. c. Francisco Javier Garcia Sanz – – – Shareholder representative
Johann Horn 1) 11,000 62,000 73,000 Employee representative
Rolf Klotz 1) 11,000 62,000 73,000 Employee representative
Peter Kössler 11,000 62,000 73,000 Employee representative
Peter Mosch 1) 15,500 93,000 108,500 Employee representative 2)
Prof. h. c. Dr. rer. pol. Horst Neumann – – – Shareholder representative
Hon.-Prof. Dr. techn. h. c. Dipl.-Ing. ETH Ferdinand K. Piëch 15,500 93,000 108,500 Shareholder representative 2)
Dr. jur. Hans Michel Piëch 11,000 62,000 73,000 Shareholder representative
Ursula Piëch 11,000 62,000 73,000 Shareholder representative
Dipl.-Wirtsch.-Ing. Hans Dieter Pötsch – – – Shareholder representative 3)
Dr. jur. Ferdinand Oliver Porsche 15,500 93,000 108,500 Shareholder representative 5)
Dr. rer. comm. Wolfgang Porsche 11,000 62,000 73,000 Shareholder representative
Norbert Rank 1) 15,500 93,000 108,500 Employee representative 4)
Jörg Schlagbauer 1) 15,500 93,000 108,500 Employee representative 5)
Helmut Späth 1) 11,000 62,000 73,000 Employee representative
Max Wäcker 1) 11,000 62,000 73,000 Employee representative
Sibylle Wankel 1) 11,000 62,000 73,000 Employee representative
Prof. Dr. rer. pol. Carl H. Hahn – – – Honorary Chairman
Total 207,500 1,209,000 1,416,500
1) The employee representatives have stated that their remuneration as Supervisory Board members shall be paid to the Hans Böckler Foundation, in accordance with the guidelines of
the German Confederation of Trade Unions.
2) Member of the Presiding Committee and the Negotiating Committee
3) Chairman of the Audit Committee
4) Vice Chairman of the Audit Committee
5) Member of the Audit Committee