Merck 2010 Annual Report Download - page 116
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board members of comparable companies. The Personnel Committee regularly commissions an
independent compensation consultant to review the appropriateness of compensation.
The compensation paid to the Executive Board members of Merck KGaA comprises fixed com-
ponents, variable compensation and additions to pension provisions. Benefits in kind and other
benefits are additionally granted.
Fixed compensation is paid in the form of 12 equivalent monthly installments. The following table
provides an overview of the amount of the fixed compensation paid in 2009 and 2010.
Fixed compensation
EUR thousand 2010 2009
Dr. Karl-Ludwig Kley 1,000 1,000
Dr. Michael Becker 800 800
Dr. Bernd Reckmann 750 750
Elmar Schnee * 900 900
Total 3,450 3,450
* Elmar Schnee received fixed compensation from Merck Serono S.A. in Geneva for his duties as president of the company.
Variable compensation is based on the three-year rolling average of profit after tax of the
E. Merck Group. Exceptional factors that amount to more than 10% of the Group profit and
for which the Executive Board member is not responsible, are eliminated. The members of the
Executive Board receive an individually fixed per mille rate of the Group profit calculated in
this manner. Additionally, the Personnel Committee can decide on a one-time payment based
on the achievement of qualitative objectives.
Merck Annual Report 2010 112