Reebok 2008 Annual Report Download - page 37

adidas Group Annual Report 2008 033
Supervisory Board compensation
Compensation redefi ned as of 2008
Effective as of the fi nancial year 2008, there has been a change in structure of the Supervisory
Board compensation. The compensation is now linked to the size of the Group and to the more
intense supervisory tasks. Furthermore, the members of the Supervisory Board now receive
additional compensation for membership in particular committees and for the chairmanship of
these committees. Due to these changes, the total compensation of the Supervisory Board rose
to € 860,000 in 2008 (2007: € 294,000).
The compensation of the Supervisory Board members consists of a fi xed annual payment
amounting to € 40,000 for each member. Three times this amount is paid to the Chairman
and twice this amount is paid to each Deputy Chairman. Furthermore, members of particular
Supervisory Board committees (e.g. General Committee and Audit Committee) receive addi-
tional compensation. The chairman of a committee receives an additional annual allowance of
€ 40,000, while the Chairman of the Audit Committee receives an allowance of € 60,000. Every
other committee member receives an allowance of € 20,000 (€ 40,000 for members of the Audit
Committee). The members of the Steering Committee, the Mediation Committee, the Nomination
Committee and committees which are established ad hoc do not receive additional compensa-
tion. If a Supervisory Board member is in more than one committee, the member receives only
compensation for his/her task in the committee with the highest compensation. The Supervisory
Board members are reimbursed for all expenses incurred in connection with their mandates
as well as for the VAT payable on their compensation, insofar as they can charge for it separately
and do so.
No loans to Supervisory Board members
As in the years before, the members of the Supervisory Board did not receive any loans or
advance payments from adidas AG in 2008.
Miscellaneous
In the event of claims raised against members of the Supervisory Board for indemnifi cation of
losses incurred in connection with their acts and omissions, the adidas Group’s directors’ and
offi cers’ group liability insurance covers the personal liability of the Supervisory Board members
but does not provide for a deductible.
Supervisory Board members’ compensation
in €
2008 2007
Dr. Hans Friderichs
(Chairman of the Supervisory Board, Chairman of the General Committee,
Member of the Audit Committee) 160,000 33,046
Igor Landau
(Deputy Chairman of the Supervisory Board, Member of the General Committee) 100,000 22,546
Fritz Kammerer
(Deputy Chairman of the Supervisory Board, Member of the General Committee) 100,000 31,500
Sabine Bauer 40,000 21,000
Dr. Manfred Gentz
(Chairman of the Audit Committee) 100,000 21,000
Dr. Stefan Jentzsch 40,000 3,092 1)
Roland Nosko 40,000 21,000
Hans Ruprecht
(Member of the Audit Committee) 80,000 21,000
Willi Schwerdtle 40,000 21,000
Heidi Thaler-Veh 40,000 21,000
Christian Tourres 40,000 21,000
Klaus Weiß
(Member of the General Committee, Member of the Audit Committee) 80,000 21,000
Total 860,000 294,000 2)
1) Member of the adidas AG Supervisory Board since November 7, 2007.
2) Includes the compensation of Henri Filho who retired as member and Chairman
of the Supervisory Board on November 7, 2007.