The compensation of the Supervisory Board members is defined by Article 20 of the Articles of Association of Merck KGaA. On April 26, 2013 the Annual General Meeting proposed a new compensation system in order to align it with the changes in the German Corporate Governance Code announced on June 15, 2012.
The rules that still applied until April 26, 2013 provided for the following: Apart from reimbursement of their expenses, the members of the Supervisory Board received fixed and variable compensation.
The fixed compensation amounted to € 7,000 per year. The Chairman received double this amount and the Vice Chairman receives one and a half times this amount.
The members of the Supervisory Board also received € 550 for each percent of the dividend resolved by the General Meeting in excess of 6% of the share capital, with a corresponding portion for fractions of a percent. The Chairman receives double this amount and the Vice Chairman received one and a half times this amount.
Supervisory Board members who had only been in office for part of the fiscal year received lower compensation in proportion to their term of office. The company reimburses the value-added tax levied on the compensation.
The rules applicable since April 27, 2013 stipulate that only fixed compensation be paid. The members of the Supervisory Board will now receive annual fixed compensation of € 47,000. The Chairman receives double and the Vice Chairman receives one and a half times this amount. In addition, the members receive additional compensation of € 750 per meeting.
Supervisory Board compensation for fiscal 2013 for the period from January 1, 2013 to April 26, 2013 was determined by the compensation rules applicable until April 26, 2013. For the period from April 27, 2013 to December 31, 2013, it is determined by the compensation rules applicable since April 27, 2013, whereupon the amounts stipulated in both provisions shall be respectively pro-rated in proportion to the amount of time. As of fiscal 2014, Supervisory Board compensation will be determined solely by the compensation rules applicable since April 27, 2013.
The individual values are presented in the following table:
| XLS |
|
Compensation of the Supervisory Board members of Merck KGaA |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
|
Fixed compensation |
Variable compensation |
||||||||||||||||||||||||||||||||||||||||||||||
|
in € |
2013 |
2012 |
2013 |
2012 |
||||||||||||||||||||||||||||||||||||||||||||
|
|
As of April 27, 2013 |
Until April 26, 2013 |
Total |
|
Until April 26, 2013 |
|
||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Rolf Krebs1 (Chairman) |
64,126.03 |
4,449.32 |
68,575.35 |
14,000.00 |
23,450.43 |
65,318.00 |
||||||||||||||||||||||||||||||||||||||||||
|
Heiner Wilhelm (Vice Chairman) |
48,094.52 |
3,336.99 |
51,431.51 |
10,500.00 |
17,587.82 |
48,988.00 |
||||||||||||||||||||||||||||||||||||||||||
|
Crocifissa Attardo |
32,063.01 |
2,224.66 |
34,287.67 |
7,000.00 |
11,725.22 |
32,659.00 |
||||||||||||||||||||||||||||||||||||||||||
|
Mechthild Auge |
32,063.01 |
2,224.66 |
34,287.67 |
7,000.00 |
11,725.22 |
32,659.00 |
||||||||||||||||||||||||||||||||||||||||||
|
Johannes Baillou2 |
32,063.01 |
2,224.66 |
34,287.67 |
7,000.00 |
11,725.22 |
32,659.00 |
||||||||||||||||||||||||||||||||||||||||||
|
Frank Binder3 |
32,063.01 |
2,224.66 |
34,287.67 |
7,000.00 |
11,725.22 |
32,659.00 |
||||||||||||||||||||||||||||||||||||||||||
|
Wolfgang Büchele2 |
32,063.01 |
2,224.66 |
34,287.67 |
7,000.00 |
11,725.22 |
32,659.00 |
||||||||||||||||||||||||||||||||||||||||||
|
Michael Fletterich |
32,063.01 |
2,224.66 |
34,287.67 |
7,000.00 |
11,725.22 |
32,659.00 |
||||||||||||||||||||||||||||||||||||||||||
|
Edeltraud Glänzer |
32,063.01 |
2,224.66 |
34,287.67 |
7,000.00 |
11,725.22 |
32,659.00 |
||||||||||||||||||||||||||||||||||||||||||
|
Jürgen Glaser |
32,063.01 |
2,224.66 |
34,287.67 |
4,686.00 |
11,725.22 |
21,862.00 |
||||||||||||||||||||||||||||||||||||||||||
|
Jens Frank5 |
32,063.01 |
1,649.32 |
33,712.33 |
– |
8,692.83 |
– |
||||||||||||||||||||||||||||||||||||||||||
|
Michaela Freifrau von Glenck4 |
32,063.01 |
2,224.66 |
34,287.67 |
7,000.00 |
11,725.22 |
32,659.00 |
||||||||||||||||||||||||||||||||||||||||||
|
Hans-Jürgen Leuchs2 |
32,063.01 |
2,224.66 |
34,287.67 |
7,000.00 |
11,725.22 |
32,659.00 |
||||||||||||||||||||||||||||||||||||||||||
|
Albrecht Merck3 |
32,063.01 |
2,224.66 |
34,287.67 |
7,000.00 |
11,725.22 |
32,659.00 |
||||||||||||||||||||||||||||||||||||||||||
|
Karl-Heinz Scheider |
32,063.01 |
2,224.66 |
34,287.67 |
7,000.00 |
11,725.22 |
32,659.00 |
||||||||||||||||||||||||||||||||||||||||||
|
Theo Siegert1 |
32,063.01 |
2,224.66 |
34,287.67 |
7,000.00 |
11,725.22 |
32,659.00 |
||||||||||||||||||||||||||||||||||||||||||
|
Total |
561,102.69 |
38,356.21 |
599,458.90 |
113,186.00 |
202,158.94 |
528,076.00 |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Compensation for meeting attendance |
Total compensation |
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
2013 |
2012 |
2013 |
2012 |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
As of April 27, 2013 |
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Rolf Krebs1 (Chairman) |
|
|
3,000.00 |
– |
95,025.78 |
79,318.00 |
||||||||||||||||||||||||||||||||||||||||||
|
Heiner Wilhelm (Vice Chairman) |
|
|
3,000.00 |
– |
72,019.33 |
59,488.00 |
||||||||||||||||||||||||||||||||||||||||||
|
Crocifissa Attardo |
|
|
3,000.00 |
– |
49,012.89 |
39,659.00 |
||||||||||||||||||||||||||||||||||||||||||
|
Mechthild Auge |
|
|
3,000.00 |
– |
49,012.89 |
39,659.00 |
||||||||||||||||||||||||||||||||||||||||||
|
Johannes Baillou2 |
|
|
3,000.00 |
– |
49,012.89 |
39,659.00 |
||||||||||||||||||||||||||||||||||||||||||
|
Frank Binder3 |
|
|
3,000.00 |
– |
49,012.89 |
39,659.00 |
||||||||||||||||||||||||||||||||||||||||||
|
Wolfgang Büchele2 |
|
|
3,000.00 |
– |
49,012.89 |
39,659.00 |
||||||||||||||||||||||||||||||||||||||||||
|
Michael Fletterich |
|
|
3,000.00 |
– |
49,012.89 |
39,659.00 |
||||||||||||||||||||||||||||||||||||||||||
|
Edeltraud Glänzer |
|
|
3,000.00 |
– |
49,012.89 |
39,659.00 |
||||||||||||||||||||||||||||||||||||||||||
|
Jürgen Glaser |
|
|
3,000.00 |
– |
49,012.89 |
26,548.00 |
||||||||||||||||||||||||||||||||||||||||||
|
Jens Frank5 |
|
|
2,250.00 |
– |
44,655.16 |
– |
||||||||||||||||||||||||||||||||||||||||||
|
Michaela Freifrau von Glenck4 |
|
|
3,000.00 |
– |
49,012.89 |
39,659.00 |
||||||||||||||||||||||||||||||||||||||||||
|
Hans-Jürgen Leuchs2 |
|
|
3,000.00 |
– |
49,012.89 |
39,659.00 |
||||||||||||||||||||||||||||||||||||||||||
|
Albrecht Merck3 |
|
|
3,000.00 |
– |
49,012.89 |
39,659.00 |
||||||||||||||||||||||||||||||||||||||||||
|
Karl-Heinz Scheider |
|
|
2,250.00 |
– |
48,262.89 |
39,659.00 |
||||||||||||||||||||||||||||||||||||||||||
|
Theo Siegert1 |
|
|
2,250.00 |
– |
48,262.89 |
39,659.00 |
||||||||||||||||||||||||||||||||||||||||||
|
Total |
|
|
45,750.00 |
– |
847,367.84 |
641,262.006 |
||||||||||||||||||||||||||||||||||||||||||
search hit 13
