DHL 2003 Annual Report Download - page 139
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Notes
In addition to the abovementioned remuneration, the
members of the Board of Management received compensation in the
amount of €0.3 million relating primarily to the use of company cars,
the reimbursement of travel costs and telephone costs, and special
allowances for overseas relocation. This compensation is taxable by
the respective member of the Board of Management. In principle,
it is available to all members of the Board of Management equally;
the amount varies depending on different personal circumstances.
In addition, 1,096,236 stock options were granted to members of
the Board of Management in 2003.
The remuneration of former members of the Board of
Management remained unchanged year-on-year at €1.1 million.
Provisions for current pensions amounted to €12.1 million.
Subject to the resolution of the Annual General Meeting
on the appropriation of profits, the total remuneration paid to
members of the Supervisory Board for fiscal year 2003 amounted
to €0.8 million (previous year: €0.6 million).
In accordance with Article 17 of the Articles of Association
of Deutsche Post AG, each member of the Supervisory Board
receives an annual fixed remuneration of €25,000 plus a variable
remuneration amounting to €50 per euro cent of the dividend
per share, but in any case no more than 10% of the fixed remuner-
ation. The Chairman of the Supervisory Board receives double this
amount, and any Deputy Chairman receives one and a half times
this amount. Membership of each of the Executive, Finance and
Audit, and Personnel Committees is remunerated by an additional
annual amount of €6,000; the Committee Chairman receives
double this amount in each case.
Persons who are members of the Supervisory Board for only
part of a fiscal year receive the corresponding remuneration ratably.
The members of the Supervisory Board are entitled to claim
out-of-pocket expenses incurred in the exercise of their office. Any
value added tax on the Supervisory Board remuneration and on any
out-of-pocket expenses is reimbursed. In addition, each member
of the Supervisory Board attending a meeting receives an attendance
allowance of €500 for each meeting of the full Supervisory Board
or of one of the committees.
No payments or benefits were granted in return for services
provided individually, especially consulting and arrangement services,
with the exception of the remuneration of employee representatives
as set out in their respective employment contracts.
Financial Statements
The total remuneration for fiscal year 2003 was paid to the
individual members of the Supervisory Board as follows:
In accordance with section 15 a of the Wertpapierhandels-
gesetz (WpHG – German Securities Trading Act), members of the
Supervisory Board and the Board of Management are required to
disclose the purchase or sale of shares of Deutsche Post AG or
subscription rights to these shares, to the extent that they exceed
the stipulated lower limit and are not acquired as a component
of remuneration.
In line with their duty of disclosure as set out by section 15 a
WpHG, the members of the Company’s Board of Management
and Supervisory Board disclosed the purchase of 48,800 shares of
Deutsche Post AG in fiscal year 2003. The members of the Board of
Management and the Supervisory Board did not disclose the sale
of any shares of the Company.
The aggregate shareholdings of all members of the Board of
Management and Supervisory Board amount to less than 1% of the
shares issued by the Company.
Total remuneration of the Supervisory Board
in €
Fixed Variable
Total net
remuneration remuneration* remuneration
Josef Hattig 50,000.00 25,200.00 75,200.00
Willem G. van Agtmael 25,000.00 4,700.00 29,700.00
Frank von Alten-Bockum 25,000.00 4,700.00 29,700.00
Hero Brahms 25,000.00 19,200.00 44,200.00
Rolf Büttner 37,500.00 25,200.00 62,700.00
Marion Deutsch 25,000.00 4,700.00 29,700.00
Dr. Jürgen Großmann 25,000.00 4,700.00 29,700.00
Annette Harms (from June 5, 2003) 14,583.31 2,283.33 16,866.64
Henry Hillmann (until June 5, 2003) 11,458.33 2,008.34 13,466.67
Helmut Jurke (from Mar. 13, 2003) 20,833.33 17,333.33 38,166.66
Prof. Ralf Krüger 25,000.00 12,700.00 37,700.00
Dr. Manfred Lennings 25,000.00 18,700.00 43,700.00
Dirk Marx 25,000.00 12,700.00 37,700.00
Silke Oualla-Weiß (from June 5, 2003) 14,583.31 2,783.33 17,366.64
Dr. Manfred Overhaus 25,000.00 19,200.00 44,200.00
Petra Pfisterer (until June 5, 2003) 11,458.33 2,008.34 13,466.67
Franz Schierer 25,000.00 4,200.00 29,200.00
Alfred N. Schindler
(until June 30, 2003) 12,499.98 2,100.00 14,599.98
Jürgen Sengera 25,000.00 4,700.00 29,700.00
Ulrike Staake 25,000.00 3,700.00 28,700.00
Dr. Jürgen Weber (from July 15, 2003) 12,499.98 2,100.00 14,599.98
Stefanie Weckesser 25,000.00 4,700.00 29,700.00
Margrit Wendt 25,000.00 25,700.00 50,700.00
535,416.57 225,316.67 760,733.24
* Subject to the resolution of the 2004 Annual General Meeting on the appropriation of profits;
including committee membership and meeting attendance allowances