COMPENSATION TO THE BOARD OF DIRECTORS AND CORPORATE MANAGEMENT
Members of the Board of Directors are paid a fixed annual compensation plus a lump sum for expenses. The Chairman receives an additional variable component. There is no additional compensation for the performance of an Audit Committee function by a Director. Former members of the Board of Directors do not receive any remuneration.
The members of Corporate Management (the Executive Management Team and the Executive Board) receive an annual base salary and a variable compensation linked to performance. Members of the Executive Board receive a retirement allowance in addition to their statutory pension fund entitlement.
Former members of the Executive Management Team do not receive any additional compensation other than their statutory pension fund entitlement. Total compensation is detailed in the Group financial statements.