DHL 2008 Annual Report Download - page 121

Deutsche Post World Net Annual Report 2008
mainly the use of company cars, the reimbursement of travel expenses, a telephone
allowance and supplements for insurance premiums as well as special allowances and
bene ts for assignments outside the home country.
 e annual bonus is a variable, performance-linked element.  e Supervisory
Board or its Executive Committee 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, missed or exceeded. Since , a
new performance indicator –  a er asset charge – has been included in the target
agreements along with pro t or loss from operating activities . 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 addi-
tion, the Supervisory Board may elect to award an appropriate special bonus for extra-
ordinary achievement.
As a variable remuneration component with long-term incentive e ect, the
Board of Management members receive stock appreciation rights  issued on the
basis of a long-term incentive plan.
 e remuneration paid to active members of the Board of Management in
 nancial 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 ,,  in  nancial
year  with a total value of  . million (previous year:  . million) at the time
of issue ( July ).
Remuneration of the Group’s Board of Management in fi nancial year 2008
 e following table presents the total remuneration paid to the active Board
of Management members:
Cash components
€Not linked to performance Performance-related
Active board members Basic salary Fringe benefi ts Variable Total
Dr Frank Appel (chairman since 18 Feb. 2008) 1,429,205 28,387 01,457,592
John Allan 1,046,580 593,906 0 1,640,486
Bruce Edwards (since 4 March 2008) 715,760 40,331 0756,091
Jürgen Gerdes 715,000 37,222 0752,222
John P. Mullen 1,139,871 767,765 01,907,636
Walter Scheurle 860,000 23,891 0883,891
Hermann Ude (since 4 March 2008) 590,067 12,603 0 602,670
Corporate Governance
Remuneration Report
Components with long-term incentive effect
€
Active board members Number of SAR
Value of SAR
on grant date
(1 July 2008)
Change in value of total SAR granted
from 2006 to 2008 on 31 Dec. 2008
compared with value on grant date
Dr Frank Appel (chairman since 18 Feb. 2008) 345,000 955,650 – 1,995,050
John Allan 230,000 637,100 – 420,650
Bruce Edwards (since 4 March 2008) 230,000 637,100 – 527,064
Jürgen Gerdes 230,000 637,100 – 895,664
John P. Mullen 230,000 637,100 – 1,895,000
Walter Scheurle 230,000 637,100 – 1,895,000
Hermann Ude (since 4 March 2008) 230,000 637,100 – 422,076
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