Reebok 2010 Annual Report Download - page 37

To Our Shareholders Compensation Report 33
Compensation of the Supervisory Board
in €
2010 2009
Members of the Supervisory Board
as at December 31, 2010
Igor Landau
(Chairman of the Supervisory Board,
Chairman of the General Committee) 160,000 138,871
Sabine Bauer
(Deputy Chairwoman of the Supervisory
Board, Member of the General Committee) 100,000 78,871
Willi Schwerdtle
(Deputy Chairman of the Supervisory Board,
Member of the General Committee) 100,000 78,871
Dieter Hauenstein 40,000 25,914
Dr. Wolfgang Jäger
(Member of the Audit Committee) 80,000 51,828
Dr. Stefan Jentzsch
(Member of the Audit Committee) 80,000 65,914
Herbert Kauffmann
(Chairman of the Audit Committee) 100,000 64,785
Roland Nosko
(Member of the General Committee) 60,000 52,957
Alexander Popov 40,000 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
Total 920,000 898,8711)
1) This amount includes the compensation of the Supervisory Board members
Dr. Hans Friderichs, Fritz Kammerer, Dr. iur. Manfred Gentz and Klaus Weiß,
who retired from the Supervisory Board effective at the end of the Annual
General Meeting on May 7, 2009, totalling € 154,946.
03
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 responsibility 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
compensation granted in addition see
Corporate Governance Report including the
Declaration on Corporate Governance, p. 25.
Supervisory Board members who have
not been members of the Supervisory
Board for the entire financial year receive
a pro-rated amount of compensation.
The fixed annual compensation for
each member of the Supervisory Board
amounts to € 40,000. Three times this
amount is paid to the Chairman of
the Supervisory Board 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 the General Committee receives
an additional annual allowance of
€ 40,000, while the Chairman of the
Audit Committee receives an allowance
of € 60,000. The remuneration paid for
committee chairmanship also covers
the membership in such committee. The
members of the Steering Committee, the
Mediation Committee, the Nomination
Committee and committees which are
established ad hoc do not receive addi-
tional compensation. If a Super visory
Board member is in more than one
committee, the member receives only
compensation for his/her task in the
committee with the highest compen-
sation. The Supervisory Board members
are reimbursed for all expenses incurred
in connection with their mandates as well
as for the VAT payable on their compen-
sation, insofar as they charge for it
separately.
With the new arrangement of
memberships in committees and the
chairmanships on May 7, 2009 following
the election of the new Supervisory
Board, the overall compensation of
the Supervisory Board increased to
€ 920,000 in the 2010 financial year
(2009: € 898,871).
Other benefits and additional Other benefits and additional
commitments to the Supervisory Boardcommitments to the Supervisory Board
– The Supervisory Board members
did not receive any loans or advance
payments from adidas AG.
– The company maintains a consequential
loss and liability insurance for Board
members of the adidas Group (D&O
Insurance). It covers the personal
liability in the event of claims raised
against Supervisory Board members
for indemnification of losses incurred
in connection with their acts and
omissions. For cases of damage
occurring after July 1, 2010, there is 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 recommendations
of the German Corporate Governance
Code.