Supervisory board remuneration
The remuneration of the Supervisory Board was adopted at the General
Meeting of Shareholders on 23 April 2007 for a minimum of three years. Since 1
May 2007, the annual remuneration has comprised € 40,000 for the chairman, €
35,000 for the vice-chairman and € 30,000 each for other members. This level of
compensation is in line with that paid by comparable property companies and
includes an annual expense allowance of € 600. Supervisory Board members also
receive a fee for attending meetings of the Audit, Remuneration and Selection
Committees. For each meeting attended, members receive a fee of € 1,000, while
the chairman of the committee in question receives a fee of € 1,500. Fees are
not paid in respect of committee meetings of short duration that are held
immediately before or after a Supervisory Board meeting.
Source: Annual Report 2008, Chapter Overview & Strategy, page 32 (PDF, 476 kB)
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