Supervisory Board Remuneration

Following its regular review of Supervisory Board remuneration, the Supervisory Board proposed a reorganization of the system of Supervisory Board remuneration to the 2017 Annual General Meeting, which was approved on May 10, 2017 with 99.98% of the votes cast. The remuneration of the members of the Supervisory Board of Volkswagen AG is comprised entirely of non-performance-related remuneration components. Remuneration for supervisory board work at subsidiaries continues in part to comprise a mix of non-performance-related and performance-related components.

The following applies to members of the Supervisory Board of Volkswagen AG with effect from January 1, 2017:

  • Members of the Supervisory Board receive fixed remuneration of €100,000 per fiscal year.
  • The Chairman of the Supervisory Board receives fixed remuneration of €300,000, while the Deputy Chairman receives remuneration of €200,000.
  • For their work in the Supervisory Board committees, the members of the Supervisory Board also receive additional fixed remuneration of €50,000 per committee per fiscal year provided the committee met at least once per year for the performance of its duties. Memberships of the Nomination and Mediation Committees established in accordance with section 27(3) of the Mitbestimmungsgesetz (MitbestG – German Codetermination Act) are not taken into account.
  • Committee chairpersons receive double this amount, while deputy chairpersons receive one-and-a-half times the committee remuneration listed previously.
  • Membership of no more than two committees is taken into account, whereby the two functions with the highest remuneration are counted if this maximum number is exceeded.
  • Supervisory Board members who belonged to the Supervisory Board or one of its committees for only part of the fiscal year receive proportionate remuneration.
  • Supervisory Board members receive an attendance fee of €1,000 for attending a meeting of the Supervisory Board or one of its committees; if several meetings are held on one day, the attendance fee is paid only once.
  • The remuneration and attendance fees are each payable after the end of the fiscal year.

In fiscal year 2019, the members of the Supervisory Board received €5,327,155 (4,538,986). Of this figure, €2,290,833 related to the work of the Supervisory Board and €944,444 related to the work in the committees.

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REMUNERATION OF THE MEMBERS OF THE SUPERVISORY BOARD

 

 

FIXED
REMUNERA­TION

 

WORK IN THE
COMMITTEES

 

OTHER1

 

TOTAL

 

TOTAL

 

 

 

 

 

 

 

2019

 

2018

1

Attendance fees, membership of other Group bodies (non-performance-related: €790,810; performance-related: €779,967).

2

These employee representatives have stated that they will transfer their Supervisory Board remuneration to the Hans Böckler Foundation in accordance with the guidelines issued by the German Confederation of Trade Unions (DGB).

3

Under section 5(3) of the Niedersächsisches Ministergesetz (German Act Governing Ministers of the State of Lower Saxony), these members of the Supervisory Board are obliged to transfer their Supervisory Board remuneration to the State of Lower Saxony as soon as and in so far as it exceeds €6,200 per annum. Remuneration is defined for this purpose as Supervisory Board remuneration and attendance fees exceeding the amount of €200.

 

 

 

 

 

 

 

 

 

 

 

Hans Dieter Pötsch

 

300,000

 

100,000

 

525,500

 

925,500

 

584,500

Jörg Hofmann2

 

200,000

 

75,000

 

14,000

 

289,000

 

294,000

Hussain Ali Al Abdulla

 

100,000

 

 

5,000

 

105,000

 

108,000

Hessa Sultan Al Jaber

 

100,000

 

 

7,000

 

107,000

 

111,000

Bernd Althusmann3

 

100,000

 

50,000

 

7,000

 

157,000

 

155,194

Birgit Dietze2 (until May 31, 2019)

 

41,667

 

20,833

 

5,000

 

67,500

 

167,000

Hans-Peter Fischer2

 

100,000

 

 

7,000

 

107,000

 

114,000

Marianne Heiß (since February 14, 2018)

 

100,000

 

50,000

 

100,500

 

250,500

 

198,300

Uwe Hück2 (until February 8, 2019)

 

10,278

 

 

4,596

 

14,874

 

184,500

Johan Järvklo2

 

100,000

 

 

7,000

 

107,000

 

114,000

Ulrike Jakob2

 

100,000

 

 

6,000

 

106,000

 

112,000

Louise Kiesling

 

100,000

 

 

7,000

 

107,000

 

111,000

Peter Mosch2

 

100,000

 

100,000

 

190,500

 

390,500

 

346,589

Bertina Murkovic2

 

100,000

 

50,000

 

7,000

 

157,000

 

164,000

Bernd Osterloh2

 

100,000

 

125,000

 

162,000

 

387,000

 

264,233

Hans Michel Piëch

 

100,000

 

 

189,000

 

289,000

 

272,000

Ferdinand Oliver Porsche

 

100,000

 

150,000

 

185,000

 

435,000

 

412,500

Wolfgang Porsche

 

100,000

 

150,000

 

183,500

 

433,500

 

422,500

Conny Schönhardt2 (since June 21, 2019)

 

52,778

 

23,611

 

5,000

 

81,389

 

Athanasios Stimoniaris2

 

100,000

 

 

382,040

 

482,040

 

230,225

Stephan Weil3

 

100,000

 

50,000

 

13,000

 

163,000

 

164,000

Werner Weresch2 (since February 21, 2019)

 

86,111

 

 

79,241

 

165,352

 

Members of the Supervisory Board who left in the previous year

 

9,444

 

 

 

 

9,444

Total

 

2,290,833

 

944,444

 

2,091,877

 

5,327,155

 

4,538,985