Porsche 2009 Annual Report Download - page 36

Remuneration of the members of the executive board in accordance with the
German Corporate Governance Code1
1 The figures in the table above do not take into account the deconsolidation of the Porsche Zwischenholding GmbH group and of the
Volkswagen group as required for the purpose of group reporting in accordance with IFRSs. In addition to the remuneration for service on
Porsche SE’s executive board, the figures for the Porsche SE group include remuneration paid to Michael Macht and Thomas Edig in the
Porsche Zwischenholding GmbH group from 1 August 2009 to 31 July 2010 and remuneration paid to Prof. Dr. Martin Winterkorn and Hans
Dieter Pötsch in the Volkswagen group from 25 November 2009 to 31 July 2010.
2 Mr. Macht left the executive board of Porsche SE and the executive board of Porsche AG at the end of the day on 30 September 2010.
As described above, Porsche Zwischenhold-
ing GmbH (and thus also Porsche AG) as well as of
Volkswagen AG are still group entities of Porsche SE
as defined by Sec. 18 German Stock Corporation Act
(AktG). Therefore, the total remuneration required to
be published according to the German Corporate
Governance Code for Porsche SE’s supervisory board
members also includes any remuneration that the
members of the supervisory board received on ac-
count of their service on the boards of Porsche SE
group entities.
In addition to remuneration for service on the
company’s supervisory board, the remuneration of the
members of Porsche SE’s supervisory board pre-
sented below therefore also includes remuneration for
service on supervisory boards of Porsche SE group
entities.
The remuneration paid to the company’s su-
pervisory board members in their capacity as mem-
bers of the supervisory board of Volkswagen AG or
AUDI AG do not include any pro rata variable compo-
nents for the period from 1 January 2010 to 31 July
2010. The calculation bases required to determine
them are not available because the fiscal year of
Volkswagen AG and AUDI AG diverges from that of
Porsche SE.
Non-performance- Performance- Total
related components related components
thereof
long-term
incentive
Prof. Dr. Martin Winterkorn
(since 25 November 2009)
Porsche SE group 1,700,280 513,503 – 2,213,783
thereof Porsche SE 511,644 – – 511,644
Thomas Edig
Porsche SE group 1,318,912 1,514,400 908,640 2,833,312
thereof Porsche SE 500,000 – – 500,000
Michael Macht 2
Porsche SE group 1,817,356 2,000,000 – 3,817,356
thereof Porsche SE 500,000 – – 500,000
Hans Dieter Pötsch
(since 25 November 2009)
Porsche SE group 1,013,706 262,340 – 1,276,046
thereof Porsche SE 341,096 – – 341,096
Total
Porsche SE group 5,850,254 4,290,243 908,640 10,140,497
thereof Porsche SE 1,852,740 – – 1,852,740
Corporate governance report
36