Porsche 2012 Annual Report Download - page 68

Remuneration of the supervisory board
The remuneration of Porsche SE’s supervisory
board is governed by Art. 14 of the company’s arti-
cles of association. It is composed of a fixed com-
ponent and an attendance fee for the meetings of
the supervisory board and the respective commit-
tees. In addition, the supervisory board members
receive a performance-related component. This is
based on the income from ordinary activities from
continuing operations before taxes of the Porsche
SE group. For each full 1 million euro by which this
result at group level exceeds the amount of 300
million euro in the expired fiscal year, the members
of the supervisory board receive an amount of 10
euro. For each full 1 million euro by which this result
at group level exceeds the average amount of 300
million euro during the three fiscal years preceding
the expired fiscal year, the members of the supervi-
sory board of Porsche SE receive a further amount
of 10 euro. Supervisory board members who have
been a member of the supervisory board or one of
its committees for only part of a fiscal year shall
receive the remuneration subject to a reduction pro
rata temporis.
The chairman of the supervisory board and the
chairman of the audit committee receive twice the
amount of remuneration, and the deputy chairman
of the supervisory board and the members of the
audit committee receive one-and-a half times the
amount of remuneration of a supervisory board
member. If a member of the supervisory board
holds several offices at the same time, such mem-
ber receives remuneration only for the office with
the highest remuneration.
Remuneration of the supervisory board in the
fiscal year 2012
The composition of the members of Porsche SE’s
supervisory board changed in the fiscal year 2012.
Effective 23 January 2012, Mr. Hansjörg Schmierer
was appointed to the supervisory board of Porsche
SE by the court as an employee representative. He
took over this function from Mr. Hans Baur, who had
laid down his office effective as of the end of the
day on 31 December 2011.
In accordance with Art. 14 of Porsche SE’s arti-
cles of association, the supervisory board received
remuneration totaling 2,181,631 euro for its service
at Porsche SE in the fiscal year 2012. This amount
includes fixed components of 724,972 euro and
variable components of 1,456,659 euro.
Beyond this, the supervisory board members
did not receive any other remuneration or benefits in
the past fiscal year 2012 for any services they pro-
vided personally, such as consultancy and referral
services.
The remuneration presented below for the indi-
vidual members of Porsche SE’s supervisory board
for the fiscal year 2012 comprises only the remu-
neration paid for their service on the supervisory
board of Porsche SE.
2The company
Group management report
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