How high is the compensation for the Supervisory Board?

compensation high supervisory
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How high is the compensation for the Supervisory Board?

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The compensation of the Supervisory Board is regulated by the company statutes. Each member of the Supervisory Board shall receive annually a fixed remuneration of Euro 60,000 and a performance-related variable remuneration for each full Euro 0.01 by which the earnings per share (EPS) of BASF Group declared in the consolidated financial statements for the year for which the remuneration is being paid exceeds the minimum EPS. The minimum EPS for the financial year 2008 shall be Euro 1.35. The performance-related variable remuneration shall be Euro 800 for each full Euro 0.01 of EPS up to an EPS of Euro 2.10, Euro 600 for each further Euro 0.01 of EPS up to an EPS of Euro 2.60 and Euro 400 for each Euro 0.01 beyond this. The performance-related variable remuneration shall be limited to a maximum amount of Euro 120,000. The minimum EPS shall increase by Euro 0.05 for each subsequent financial year. This shall apply mutatis mutandisto the threshold values specified in sentence 3. The Chair

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