Porsche 2009 Annual Report Download - page 35

Supplementary disclosures
in accordance with the
German Corporate Governance Code
Notwithstanding the deconsolidation of Por-
sche Zwischenholding GmbH as well as of Volkswagen
AG for the purpose of group reporting in accordance
with IFRSs, Porsche Zwischenholding GmbH (and thus
also Porsche AG) and Volkswagen AG are still group
entities of Porsche SE as defined by Sec. 18 German
Stock Corporation Act (AktG). Therefore, the total re-
muneration required to be published according to the
German Corporate Governance Code for Porsche SE’s
executive board members also includes any remu-
neration that the members of the executive board re-
ceived on account of their service on the boards of
the group entities Porsche AG and/or Volkswagen AG.
The total remuneration of the members of
Porsche SE’s executive board therefore includes not
only remuneration for their service as a member of
the company’s executive board, but for Michael Macht
and Thomas Edig additionally remuneration for their
service on executive boards in the Porsche Zwischen-
holding GmbH group for the fiscal year 2009/10 and
for Prof. Dr. Martin Winterkorn and Hans Dieter
Pötsch additionally remuneration for their service on
executive boards in the Volkswagen group for the pe-
riod from 25 November 2009 to 31 July 2010 and for
their work on the supervisory board of Porsche AG.
The remuneration paid to Prof. Dr. Martin Win-
terkorn and Hans Dieter Pötsch does not comprise
any pro rata variable components for the 2010 calen-
dar year. The calculation bases needed to calculate
such amounts were not available. Volkswagen AG’s
supervisory board will not adopt a resolution on the
variable components until after the end of the 2010
calendar year.
The expense recognized for the addition to
pension provisions amounts to 659,000 euro for Mi-
chael Macht and 174,000 euro for Thomas Edig. No
information was available with respect to the expense
recognized at Volkswagen AG from additions to the
pension provisions for Prof. Dr. Martin Winterkorn and
Hans Dieter Pötsch because Volkswagen AG’s fiscal
year diverges from that of Porsche SE.
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