DHL 2005 Annual Report Download - page 21

Download and view the complete annual report

Please find page 21 of the 2005 DHL annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 160

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160

e remuneration was broken down as shown in the following table:
Remuneration of Board of Management in the Group in 2005
Total
Value of the
stock options
granted attribut-
able to 2005
€
Fixed component
Bonus
Dr. Klaus Zumwinkel,
Chairman
1,360,144
1,337,021
2,697,165
642,223
Dr. Frank Appel 715,000 702,845 1,417,845 329,499
John Mullen 860,000 845,380 1,705,380 129,424
Prof. Dr. Edgar Ernst 863,583 848,902 1,712,485 428,142
Dr. Peter Kruse 860,000 845,380 1,705,380 428,142
Dr. Hans-Dieter Petram 906,763 891,348 1,798,111 428,142
Walter Scheurle 715,000 702,845 1,417,845 428,142
Prof. Dr. Wulf
von Schimmelmann
860,000
853,120
1,713,120
428,142
Total 7,140,490 7,026,841 14,167,331 3,241,856
In addition, 829,362 stock options were granted to members of the Board of Manage-
ment in 2005. e remuneration of former members of the Board of Management or their
surviving dependants amounted to €8.6 million (previous year: €1.1 million). Provisions
for current pensions totaled €12.8 million. No credit or similar benets were extended
to members of the Board of Management. In the year under review, the members of the
Board of Management received no benets from third parties that were either promised or
granted in view of their position as a member of the Board of Management.
Remuneration of the Supervisory Board
In accordance with Article 17 of the Articles of Association of Deutsche Post AG as re-
solved by the AGM, the annual remuneration of the members of the Supervisory Board
consists of a xed component, a short-term performance-related component, and a per-
formance-related component with a long-term incentive eect.
e xed component amounts to €20,000, and the short-term performance-related remu-
neration to €300 for every €0.03 by which the consolidated net prot per share exceeds
the amount of €0.50 in the scal year in question. In 2005, the consolidated net prot per
share was €1.99 and therefore exceeded the gure of €0.50 by 49.67 x €0.03. e short-
term performance-related remuneration totaled 38.89% of the total remuneration of all
the members of the Supervisory Board.
For scal year 2005, the members of the Supervisory Board are entitled to an annual per-
formance-related remuneration with a long-term incentive eect amounting to €300 for
every 3% by which the consolidated net prot per share for scal year 2007 exceeds the
consolidated net prot per share for scal year 2004. e remuneration becomes due aer
the 2008 AGM. Taken individually, the two variable remuneration components may not
exceed the amount of the xed remuneration of €20,000.
e Chairman of the Supervisory Board receives double the remuneration, and his deputy
one and a half times the remuneration. e Chairman of a Supervisory Board committee
also receives double, while a member of a Supervisory Board committee receives one and
a half times the remuneration. Persons who are members of the Supervisory Board for
only part of a scal year receive corresponding ratable remuneration.
The remuneration disclosed covers all activities of the
members of the Board of Management in the Group.
17
Deutsche Post World Net
Corporate Governance Report
The GroupGroup Management ReportConsolidated Financial StatementsAdditional Information