Porsche 2010 Annual Report Download - page 35
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Supplementary disclosures
in accordance with the
German Corporate Governance Code
Notwithstanding the deconsolidation of Por-
sche Zwischenholding GmbH as well as of Volkswagen
AG for the purpose of group reporting in accordance
with IFRSs in fiscal 2009/ 10, Porsche Zwischenhol-
ding GmbH (and thus also Porsche AG) as well as of
Volkswagen AG were still group entities of Porsche SE
as defined by Sec. 18 German Stock Corporations
Act (AktG) in the short fiscal year 2010. Therefore,
the total remuneration required to be published ac-
cording to the German Corporate Governance Code
for Porsche SE’s executive board members also
includes any remuneration that the members of the
executive board received on account of their service
on the boards of the group entities Porsche AG
and/ or Volkswagen AG as well as of its subsidiaries.
The total remuneration of the members of
Porsche SE’s executive board for the short fiscal year
2010 given below therefore includes not only remu-
neration for their service as a member of the com-
pany’s executive board, but for Dr. Michael Macht,
Matthias Müller and Thomas Edig additional remunera-
tion for their service on executive boards in the Por-
sche Zwischenholding GmbH group for the short fiscal
year 2010, and for Prof. Dr. Martin Winterkorn and
Hans Dieter Pötsch pro rata temporis for the short
fiscal year 2010 of Porsche SE additional remunera-
tion for their service on executive boards in the Volks-
wagen group in 2010 as well as for their service on
the supervisory board of Porsche AG.
The expense recognized for the current addi-
tion to pension provisions amounts to 50,726 euro
for Matthias Müller and 30,957 euro for Thomas Edig.
The vested benefit obligations of Dr. Michael Macht
were transferred in full to Volkswagen AG in the short
fiscal year 2010. Pro rata temporis for Porsche SE’s
short fiscal year 2010, the expense recognized at
Volkswagen AG for the addition to pension provisions
amounts to 375,404 euro for Prof. Dr. Martin Winter-
korn and 536,610 euro for Hans Dieter Pötsch.
33