Remuneration for Management Board members of Dürr AG
Performance-related remuneration system structure
The structure of the compensation system for the Board of Management is discussed and reviewed by the Supervisory Board on a regular basis at the suggestion of the Personnel Committee. Compensation for the members of the Board of Management comprises performance-related and non-performance-related components. Their non-cash remuneration consists essentially of the use of company cars on which taxes have been paid by the company. The performance-related component is a profit share bonus. Criteria for determining the appropriateness of the compensation include, but are not limited to, the tasks of the respective member of the Board of Management, his personal performance, the performance of the Board of Management as a whole, and the economic situation, performance, and outlook of the enterprise, taking into account its peer companies.
The fixed amount, which is the non-performance-related base pay, is paid out monthly as a salary. This salary is reviewed at regular intervals based on factors including general salary trends within the Group and salary trends at comparable companies. The target profit share bonus amounts to 100% of the relevant board member’s annual base salary. The actual amount of the bonus depends heavily on the Dürr Group’s achievement of its earnings targets (EBT). No loans or advances were granted to members of the Board of Management during 2007.