Mercedes 2009 Annual Report Download - page 254
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250
As a result of these provisions and the fact that in accordance
with a Supervisory Board resolution of 2006, Daimler AG Board
of Management service contracts - both initial contracts and
extensions - generally have a term of only three years, Daimler
AG is significantly below the limit for severance compensation
of two years’ remuneration suggested by the German Corporate
Governance Code.
The payments made in 2009 to former members of the Board of
Management of Daimler AG and their survivors amounted to
€16.1 million (2008: €19.1 million; 2007: €67.9 million). The pen-
sion provisions for former members of the Board of Management
and their survivors amounted to €192.8 million as of December 31,
2009 (2008: €167.0 million).
No advances or loans were made to members of the Board of
Management of Daimler AG.
Supervisory Board remuneration. The remuneration paid
in 2009 to the members of the Supervisory Board of
Daimler AG for their services to the Group totaled €2.6 million
(2008: €2.8 million; 2007: €2.1 million).
In the Supervisory Board meeting on April 30, 2009, the Super-
visory Board members decided unanimously to waive 10% of the
respective individual Supervisory Board remuneration including
meeting fees to support the labor cost reductions, effective from
May 1, 2009, until June 30, 2010.
Except for the remuneration paid to the members of the Super-
visory Board representing the employees in accordance with
their contracts of employment, no remuneration was paid for
services provided personally beyond the aforementioned board
and committee activities, in particular for advisory or agency
services in 2009, 2008 and 2007.
No advances or loans were made to members of the Supervisory
Board of Daimler AG.
36. Principal accountant fees
The fees billed by the independent auditors KPMG for
professional services in 2009, 2008 and 2007 are comprised of:
2007
20082009
44
2
.
1
47
63
3
2
3
71
50
2
1
2
55
Audit fees
Audit related fees
Tax fees
All other fees
in millions of €