DHL 2014 Annual Report Download - page 126

Other provisions
Bruce Edwards went into retirement at the end of  September . In the period
between leaving his seat on the Board of Management on  March  and going
into retirement he was active in a consultative capacity for the company. Mr Edwards
received total remuneration of ,, for that period.
Angela Titzrath le her position as member of the company’s Board of Management
on  July  and le the company at the expiry of  July . She received a payment
in the amount of ,, to settle the claims arising from her employment agreement.
Amount of remuneration paid to members of the Group Board of Management
in financial year 
e remuneration paid to members of the Board of Management in nancial year
 totalled . million (previous year: . million) in accordance with the
applicable international accounting standards. is amount comprised . million
in non- performance- related components (previous year: . million) and . mil-
lion in the performance-related component paid out (previous year: . million). An
additional . million of the performance-related component was transferred to the
medium-term component and will be paid out in  subject to the condition that the
required , as an indicator of sustainability, be reached.
e members of the Board of Management were granted a total of ,,  s in
nancial year  for a total value of . million (previous year: . million) at the
time of issue ( September ). e total remuneration of the Board of Management
members is presented individually in the tables below. In addition to the applicable
accounting principles, the new recommendations of the German Corporate Governance
Code were also taken into account.
In accordance with the recommendations, the “target remuneration” tables (.
and ., or “benets granted” in the language of the German Corporate Governance
Code) do not show any actual payments of performance-based remuneration. By con-
trast with the statement of the payment amount, the target amount for the one-year
variable remuneration and the portion of the one-year variable remuneration to be
deferred (deferral) that was granted for nancial year  or for the previous year is
stated (i. e., the amount when achieving   of the target). In addition, the long-term
remuneration ( with a four-year waiting period) granted in the reporting year or
in the previous year is reported at the fair value at the time granted. With respect to
pension commitments, the pension expense, i. e., the service cost in accordance with
 , is presented. e presentation is supplemented by the minimum and maximum
values that can be achieved.
Deutsche Post  Group —  Annual Report
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