Reebok 2012 Annual Report Download - page 81

adidas Group
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2012 Annual Report
To Our Shareholders
59
2012
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01.7
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Compensation Report
Compensation of the Supervisory Board
The compensation of the 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 a fixed compensation amount for their function as well as
compensation for the chairmanship of or membership of committees,
in accordance with the German Corporate Governance Code. There is no
variable compensation scheme for Supervisory Board members
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SEE
CORPORATE GOVERNANCE REPORT INCLUDING THE DECLARATION ON CORPORATE
GOVERNANCE P. 51. Supervisory Board members who have not been
members of the Supervisory Board for the entire financial year receive a
pro-rated amount of compensation.
Total compensation
Each individual member of the Supervisory Board receives € 40,000
as fixed annual compensation; three times this amount is paid to the
Chairman of the Supervisory Board and twice this amount is paid to each
Deputy Chairperson. Members of the General Committee or the Audit
Committee receive additional compensation of € 20,000 and € 40,000,
respectively. In addition to the fixed compensation, the Chairman of the
General Committee receives annual compensation of € 40,000, while the
Chairman of the Audit Committee receives € 60,000. The remuneration
paid for a committee chairmanship also covers the membership of such
committee. The members of the Steering Committee, the Mediation
Committee, the Nomination Committee and committees which
are established ad hoc do not receive additional compensation. If a
Supervisory Board member is in more than one committee, the member
only receives 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 charge for it
separately.
The total compensation paid to our Supervisory Board for the 2012
financial year amounted to € 0.92 million (2011: € 0.92 million)
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TABLE 03.
Other benefits and additional commitments
The Supervisory Board members did not receive any loans or advance
payments from adidas AG.
03
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Compensation of the Supervisory Board (in €)
2012 2011
Members of the Supervisory Board as at December 31, 2012
Igor Landau (Chairman of the Supervisory Board, Chairman of the General Committee) 160,000 160,000
Sabine Bauer (Deputy Chairwoman of the Supervisory Board, Member of the General Committee) 100,000 100,000
Willi Schwerdtle (Deputy Chairman of the Supervisory Board, Member of the General Committee) 100,000 100,000
Dieter Hauenstein 40,000 40,000
Dr. Wolfgang Jäger (Member of the Audit Committee) 80,000 80,000
Dr. Stefan Jentzsch (Member of the Audit Committee) 80,000 80,000
Herbert Kauffmann (Chairman of the Audit Committee) 100,000 100,000
Roland Nosko (Member of the General Committee) 60,000 60,000
Alexander Popov 40,000 40,000
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 920,000 920,000