Reebok 2009 Annual Report Download - page 45

TO OUR SHAREHOLDERS Compensation Report 41
Payments to former members of the Payments to former members of the
Executive Board and their surviving Executive Board and their surviving
dependantsdependants
In the financial year 2009, pension pay-
ments to former Executive Board mem-
bers amounted to € 2.188 million (2008:
€ 1.735 million). Total pension provisions
for pension entitlements of this group
of persons amount to € 39.522 million
(2008: € 36.422 million).
Compensation of the Supervisory BoardCompensation of the Supervisory Board
The compensation of our Supervisory
Board members is determined by the
Annual General Meeting and regulated
by § 18 of the Articles of Association of
adidas AG. The compensation is linked to
the size of the Group and to the respon-
sibility and scope of activities of the
Supervisory Board members. After the
respective financial year, the members
receive fixed compensation for their
function as well as compensation for
the chairmanship of or membership in
committees. There is no variable com-
pensation granted in addition see the
Declaration on Corporate Governance including
the Corporate Governance Report, p. 33. Super-
visory Board members who have been
members of the Supervisory Board only
for a part of the financial year receive a
pro-rated amount of compensation.
The fixed annual payment for each
member of the Supervisory Board
amounts to € 40,000. Three times this
amount is paid to the Chairman and
twice this amount is paid to each Deputy
Chair person. Members of the General
Committee or the Audit
Committee
receive an allowance of
€ 20,000 and
€ 40,000, respectively. The chairman of a
committee receives an additional annual
allowance of € 40,000, while the Chair-
man of the Audit Committee receives an
allowance of € 60,000. The members of
the Steering Committee, the Mediation
Committee, the Nomination Committee
and committees which are established
ad hoc do not receive additional compen-
sation. 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.
Due to the new arrangement of
memberships in committees and the
chairmanships on May 7, 2009 following
the election of the new Supervisory Board
see Supervisory Board, p. 26, the overall
compensation of the Supervisory Board
increased to € 898,871 (2008: € 860,000)
in the financial year 2009.
No loans to Supervisory No loans to Supervisory
Board membersBoard members
As in the years before, the members of
the Supervisory Board did not receive any
loans or advance payments from adidas
AG in 2009.
MiscellaneousMiscellaneous
In the event of claims raised against
members of the Supervisory Board for
indemnification of losses incurred in
connection with their acts and omissions,
the adidas Group’s directors’ and officers’
group liability insurance covers the
personal liability of the Executive Board
members. For cases of damage occurring
after July 1, 2010, there is, for the first
time, a deductible of 10% of the damage
up to a maximum of one and a half times
the fixed annual compensation for all
cases of damage within one financial year
in accordance with the recommenda-
tions
of the German Corporate Govern-
ance
Code see the Declaration on Corporate
Governance including the Corporate Governance
Report, p. 33.
N °-
03
COMPENSATION OF THE SUPERVISORY BOARD
IN €
2009 2008
Members of the Supervisory Board
as at December 31, 2009
Igor Landau
(Chairman of the Supervisory Board,
Chairman of the General Committee) 138,871 100,000
Sabine Bauer
(Deputy Chairwoman of the Supervisory Board,
Member of the General Committee) 78,871 40,000
Willi Schwerdtle
(Deputy Chairman of the Supervisory Board,
Member of the General Committee) 78,871 40,000
Dieter Hauenstein 1 ) 25,914 —
Dr. Wolfgang Jäger 1 )
(Member of the Audit Committee) 51,828 —
Dr. Stefan Jentzsch
(Member of the Audit Committee) 65,914 40,000
Herbert Kauffmann 1 )
(Chairman of the Audit Committee) 64,785 —
Roland Nosko
(Member of the General Committee) 52,957 40,000
Alexander Popov 1 ) 25,914 —
Hans Ruprecht
(Member of the Audit Committee) 80,000 80,000
Heidi Thaler-Veh 40,000 40,000
Christian Tourres 40,000 40,000
Members of the Supervisory Board
incumbent until the end of the Annual
General Meeting on May 7, 2009
Dr. Hans Friderichs
(Chairman of the Supervisory Board,
Chairman of the General Committee,
Member of the Audit Committee) 56,344 160,000
Fritz Kammerer
(Deputy Chairman of the Supervisory Board,
Member of the General Committee) 35,215 100,000
Dr. iur. Manfred Gentz
(Chairman of the Audit Committee) 35,215 100,000
Klaus Weiß
(Member of the General Committee,
Member of the Audit Committee) 28,172 80,000
Total 898,871 860,000
1) Since the end of the Annual General Meeting on May 7, 2009, member of the
Supervisory Board for the first time.