Variable remuneration
All members of the Management Board are eligible for variable
remuneration if they achieve certain pre-agreed performance criteria that
support Corio’s short and long-term objectives.
The Supervisory Board has discretionary powers to perform a reasonableness test
on the annual remuneration of the Management Board. This may result in an
upward or downward adjustment in annual remuneration.
The Supervisory Board has the right to reduce, cancel or claw back bonuses that
have already been awarded if it is subsequently discovered that they had been
wrongly awarded, either in full or in part.
Source: Annual Report 2008, Chapter Overview & Strategy, page 34 (PDF, 476 kB)
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