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Deutsche Post World Net Annual Report 2007
Remuneration Report Corporate Governance
Components not linked to performance are the basic salary, fringe bene ts and pen-
sion commitments. e basic salary is paid monthly. Fringe bene ts are comprised
mainly of the use of company cars, the reimbursement of travel expenses, a telephone
allowance, supplements for insurance premiums as well as special allowances and
bene ts for assignments outside Germany.
e variable, performance-linked element is the annual bonus. e Executive Com-
mittee of the Supervisory Board exercises its due discretion to determine the annual
bonus on the basis of the company’s performance. e amount of the bonus re ects
the extent to which prede ned targets are achieved or exceeded. Achievement of the
upper target for the nancial year is rewarded with the maximum annual bonus. e
maximum annual bonus opportunity is of the annual basic salary. In addition,
the Supervisory Board can elect to award an appropriate special bonus for extraor-
dinary achievement.
As a variable remuneration component with long-term incentive e ect, the Board of
Management members receive stock appreciation rights (SARs) issued on the basis
of a long-term incentive plan.
e remuneration paid to active members of the Board of Management in the nan-
cial year totalled . million (previous year: . million). is amount
comprised . million in non-performance-related components (previous year:
. million) and . million in bonuses (previous year: . million). e mem-
bers of the Board of Management were granted a total of ,, SARs in nancial
year with a total value of . million (previous year: . million) at the time
of issue ( July ).
e table below presents an individual breakdown of the remuneration paid and
covers all activities of the members of the Board of Management within the Group:
Remuneration of the Group’s Board of Management in fi nancial year 2007
€Components not linked
to performance
Performance-related
components
Components with long-term
incentive effect
Basic salary Fringe benefi ts Bonus Total
Number of
SARs
Value of SARs
on 1 July 2007
Dr Klaus Zumwinkel, Chairman 1,499,558 57,084 1,226,639 2,783,281 330,000 1,527,900
John Allan 860,000 436,312 781,740 2,078,052 55,000 254,650
Dr Frank Appel 867,167 31,527 709,342 1,608,036 220,000 1,018,600
Prof. Dr Edgar Ernst
(until 30 September 2007) 711,113 22,829 711,113 1,445,055 220,000 1,018,600
Jürgen Gerdes (since 1 July 2007) 357,500 18,728 292,435 668,663 110,000 509,300
Dr Wolfgang Klein (since 1 July 2007) 437,500 24,947 397,688 860,135 0 0
John P. Mullen 860,000 521,443 877,836 2,259,279 220,000 1,018,600
Dr Hans-Dieter Petram
(until 30 June 2007) 497,779 13,548 497,779 1,009,106 0 0
Walter Scheurle 860,000 25,865 703,480 1,589,345 220,000 1,018,600
Prof. Dr Wulf von Schimmelmann
(until 30 June 2007) 555,000 14,960 825,000 1,394,960 0 0
Total 7,505,617 1,167,243 7,023,052 15,695,912 1,375,000 6,366,250