BMW 2008 Annual Report Download - page 142

The fixed remuneration of board members remained un-
changed for the financial year . The increase in the
total amount of fixed remuneration for all members was
primarily due to the fact that the Board of Management
comprised eight members for practically the whole of the
financial year , whereas this had only been the case
during the fourth quarter of the financial year .
In addition, an expense of euro . million (: euro . mil-
lion) was recognised for current members of the Board of
Management for post-employment benefits . This relates
to the expense for allocations to pension provisions (service
cost).
The amount paid to former members of the Board of
Management and their dependants was euro . million
(: euro . million). Pension obligations to former
members of the Board of Management and their depend-
ants are fully covered by pension provisions amounting
to euro . million (: euro . million), computed in
accordance with IAS .
. Compensation of the Supervisory Board
Responsibilities, regulation pursuant to the Articles
of Incorporation
The compensation of the Supervisory Board is deter-
mined by shareholders’ resolution at the Annual General
Meeting. The compensation regulation valid for the finan-
cial year  is the result of the shareholders’ resolutions
taken at the Annual General Meeting on  May  and
  of the Articles of Incorporation of BMW AG. The Arti-
cles of Incorporation of BMW AG can be accessed via the
Internet.
Components of compensation
In line with the recommendations of the German Corpo-
rate Governance Code (section .. paragraph  GCGC),
the members of the Supervisory Board receive fixed as
well as performance-related compensation.
Each member of the Supervisory Board receives, in addi-
tion to the reimbursement of expenses, a fixed amount
of euro , (payable at the end of the year) as well as a
profit-oriented compensation of euro  for each full euro
. by which the earnings per share (EPS) of common
Compensation of the individual members of the Board of Management for the financial year  
143 Corporate Governance
in euro Fixed compensation Variable Compensation Allocation for
Other compensation Total year to pension
Salary compensation Total provision
Norbert Reithofer 600,000 16,271 616,271 1,650,000 2,266,271 124,912
(600,000) (15,222) (615,222) (3,139,200) (3,754,422) (161,124)
Frank-Peter Arndt 300,000 19,708 319,708 825,000 1,144,708 69,327
(300,000) (98,199) (398,199) (1,569,600) (1,967,799) (84,851)
Ernst Baumann1 330,000 17,725 347,725 882,292 1,230,017 86,079
(360,000) (15,737) (375,737) (1,818,300) (2,194,037) (95,394)
Herbert Diess 300,000 29,762 329,762 825,000 1,154,762 89,930
(75,000) (9,662) (84,662) (392,400) (477,062) (28,909)
Klaus Draeger 300,000 26,276 326,276 825,000 1,151,276 70,871
(300,000) (55,900) (355,900) (1,569,600) (1,925,500) (85,602)
Friedrich Eichiner 300,000 23,516 323,516 825,000 1,148,516 81,547
(75,000) (11,068) (86,068) (392,400) (478,468) (25,157)
Michael Ganal2 333,871 61,464 395,335 892,641 1,287,976 102,093
(360,000) (14,220) (374,220) (1,818,300) (2,192,520) (122,013)
Stefan Krause3 72,581 3,697 76,278 360,000 436,278 56,423
(360,000) (16,222) (376,222) (1,818,300) (2,194,522) (72,557)
Harald Krüger 4 25,000 2,777 27,777 68,750 96,527 4,616
(–) (–) (–) (–) (–) (–)
Ian Robertson5 240,323 102,938 343,261 660,887 1,004,148 133,533
(–) (–) (–) (–) (–) (–)
Total 2,801,775 304,134 3,105,909 7,814,570 10,920,479 819,331
(2,430,000) (236,230) (2,666,230) (12,518,100) (15,184,330) (675,607)
 Member of the Board of Management until  November 
 Member of the Board of Management until  December 
 Member of the Board of Management until  March 
 Member of the Board of Management from  December 
 Member of the Board of Management from  March 