BMW 2014 Annual Report Download - page 194

194
170 STATEMENT ON
CORPORATE GOVERNANCE
(Part of Management Report)
170 Information on the Company’s
Governing Constitution
171 Declaration of the Board of
Management and of the
Supervisory Board pursuant to
§ 161 AktG
172 Members of the Board of
Management
173
Members of the Supervisory
Board
176 Work Procedures of the
Board of Management
178 Work Procedures of the
Supervisory Board
183 Information on Corporate
Governance Practices
184 Compliance in the BMW Group
189 Compensation Report
Compensation of the individual members of the Board of Management for the financial year 2014 (2013)
in € or Fixed compensation Variable Share-based Com- Expense for Provision at
number of cash com- compensation pensation share-based 31.12. 2014 for
matching shares
Basic Other pensation component Total compensation share-based
compen- compen- Total (matching component compensation
sation sation component)1in year under component in
report in accordance
Number Monetary accordance with with
HGB
value HGB and IFRS and IFRS2
Norbert Reithofer 1,500,000 30,152 1,530,152 5,563,800 1,810 151,207 7,245,159 191,845 411,815
(1,500,000) (119,232) (1,619,232) (5,270,400) (1,886) (143,204) (7,032,836) (122,700) (219,970)
Milagros Caiña 750,000 68,555 818,555 2,781,900 971 81,117 3,681,572 103,493 159,210
Carreiro-Andree (750,000) (98,213) (848,213) (2,635,200) (1,012) (76,841) (3,560,254) (49,469) (55,717)
Herbert Diess3 844,355 20,580 864,935 2,749,360 – – 3,614,295 92,633 254,686
(900,000) (19,210) (919,210) (3,074,400) (1,181) (89,673) (4,083,283) (91,437) (162,052)
Klaus Draeger 900,000 24,790 924,790 3,245,550 1,133 94,651 4,264,991 191,814 407,415
(900,000) (26,374) (926,374) (3,074,400) (1,181) (89,673) (4,090,447) (125,097) (215,602)
Friedrich Eichiner 900,000 21,952 921,952 3,245,550 1,133 94,651 4,262,153 181,389 363,844
(900,000) (24,225) (924,225) (3,074,400) (1,181) (89,673) (4,088,298) (104,017) (182,455)
Klaus Fröhlich4 46,371 394 46,765 172,000 52 4,623 223,388 130 130
(–) (–) (–) (–) (–) (–) (–) (–) (–)
Harald Krüger 900,000 18,071 918,071 3,245,550 1,055 88,135 4,251,756 94,542 202,917
(900,000) (18,588) (918,588) (3,074,400) (1,100) (83,523) (4,076,511) (60,843) (108,375)
Ian Robertson 900,000 14,161 914,161 3,245,550 1,133 94,651 4,254,362 125,621 266,831
(900,000) (14,401) (914,401) (3,074,400) (1,181) (89,673) (4,078,474) (79,152) (141,210)
Peter 750,000 26,481 776,481 2,781,900 971 81,117 3,639,498 31,055 41,435
Schwarzenbauer (562,500) (13,424) (575,924) (1,976,400) (812) (57,603) (2,609,927) (10,380) (10,380)
Total5
7,490,726 225,136 7,715,862 27,031,160 8,258 690,152 35,437,174 1,012,523 2,108,284
(7,537,500) (344,101) (7,881,601) (25,894,500) (9,534) (719,863) (34,495,964) (712,103) (1,253,625)
1 Provisional number or provisional monetary value calculated at grant date (date on which the entitlement became binding in law). The final number of matching shares is
determined in each case when the requirement to invest in BMW AG common stock has been fulfilled. See note 20 to the Group Financial Statements for a description of the
accounting treatment of the share-based compensation component.
2 Monetary value calculated on the basis of the closing price of BMW common stock in the XETRA trading system on 30 December 2014 (€ 89.77) (fair value at reporting date).
3 Member of the Board of Management until 9 December 2014.
4 Member of the Board of Management since 9 December 2014.
5 Figures for the previous year include the remuneration of the member of the Board of Management who left office during the financial year 2013.