Reebok 2013 Annual Report Download - page 61

adidas Group
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2013 Annual Report
To Our Shareholders
57
2013
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01.9
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Compensation Report
Payments to former members of the Executive Board
and their surviving dependants
In 2013, pension payments to former Executive Board members or
to their surviving dependants amounted to € 3.421 million (2012:
€ 3.336 million). As at December 31, 2013, the provisions for pension
entitlements of this group of persons totalled € 48.313 million (2012:
€ 50.826 million). The dynamisation of the pensions paid to former
Executive Board members is effected in accordance with statutory
regulations or regulations under collective agreements, unless a
surplus from the pension fund for former Executive Board members is
used for an increase in pension benefits after pension payments have
already begun.
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 company 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,
in accordance with the German Corporate Governance Code. There is,
however, no variable compensation granted in addition. Supervisory
Board members who have not been members of the Supervisory
Board for the entire financial year receive a prorated amount of
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 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 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 in the 2013
financial year amounted to € 0.92 million (2012: € 0.92 million)
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TABLE 04.
Other benefits and additional commitments
The Supervisory Board members did not receive any loans or advance
payments from adidas AG.
04
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Compensation of the Supervisory Board (in €)
2013 2012
Members of the Supervisory Board as at December 31, 2013
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