Remuneration of the supervisory board

The remuneration paid to the Supervisory Board is specified in article 15 of the Company’s Statutes. This stipulates that the members of the Supervisory Board of DEUTZ AG receive fixed annual remuneration of €22,500. They also receive a fee of €2,500 for each Supervisory Board meeting they attend and are reimbursed for their out-of-pocket expenses. The chairman of the Supervisory Board receives double these amounts, and his deputy one-and-a-half times.

In addition, each member of a Supervisory Board committee receives an attendance fee of €2,500 for each committee meeting attended. The chairman of a committee is entitled to twice this sum, his deputy to one-and-a-half times the amount.

In addition, DEUTZ reimburses the members of the Supervisory Board for any VAT they incur in connection with the performance of their mandate.

The following table shows the breakdown of total remuneration paid to members of the Supervisory Board for their work as Supervisory Board members:

  Fixed
remuneration
Attendance
fees
Total
     
Hans-Georg Härter Chairman 45,000 80,000 125,000
Werner Scherer Deputy Chairman 33,750 67,500 101,250
Sabine Beutert 22,500 22,500 45,000
Hans-Peter Finken 22,500 12,500 35,000
Gisela Füssel (from 1 June 2016 ) 13,156 10,000 23,156
Dr Ing Hermann Garbers 22,500 12,500 35,000
Göran Gummeson 22,500 12,500 35,000
Leif Peter Karlsten 22,500 12,500 35,000
Herbert Kauffmann 22,500 55,000 77,500
Alois Ludwig 22,500 12,500 35,000
Dietmar Paust (until 31 May 2016 ) 9,344 2,500 11,844
Dr Witich Roßmann 22,500 12,500 35,000
Dr Herbert Vossel 22,500 12,500 35,000
Total 303,750 325,000 628,750