These are the top earners among the DAX supervisory board bosses

Paul Achleitner

He received a good 802,000 euros from a single mandate.

(Photo: dpa)

Frankfurt Deutsche Bank supervisory board chairman Paul Achleitner is again one of the best-paid chief controllers in the Dax despite a partial waiver of remuneration in the corona crisis year 2020. He received a good 802,000 euros from a single mandate, 10.9 percent less than in 2019, according to a study published on Tuesday by the German Association for Securities Ownership (DSW).

Siemens chief controller Jim Hagemann Snabe is in second place with 632,000 euros, followed by BMW supervisory board chairman Norbert Reithofer with 610,000 euros.

If one takes into account the other remuneration, which mainly comes from supervisory board mandates at subsidiaries, VW chief controller Hans Dieter Pötsch would have been the front runner with 900,000 euros, as DSW remuneration expert Frederik Beckendorff explained. Achleitner would come in second place with its around 802,000 euros.

According to the information, the Dax companies analyzed transferred around 83.1 million euros to their supervisory boards for the 2020 financial year – 0.4 percent less than a year earlier. The main reason is the changed Dax composition. Siemens Energy, which moved up to the top tier of the stock market for Beiersdorf, was only charged proportionally because it was only listed on the stock exchange in September 2020.

Top jobs of the day

Find the best jobs now and
be notified by email.

The corona crisis, which gnawed at the profits of many companies and thus dampened the variable remuneration, therefore played only a minor role. Almost all companies have now switched to pure fixed remuneration for their supervisory bodies. However, supervisory boards of some DAX companies waived part of their remuneration during the crisis.

Hans Dieter Pötsch

If the remuneration from supervisory board mandates at subsidiaries is included, the Volkswagen supervisory board chairman would be the top earner in the study.

(Photo: dpa)

Deutsche Bank again paid the highest total remuneration. The company transferred a good 6.1 million euros to the 20-person supervisory body. BMW followed in second place with around 5.6 million euros. The third largest payer was Daimler. The members of the Stuttgart supervisory board received almost 5.5 million euros.

The German Protection Association for Securities Possession (DSW) has been investigating for 19 years how remuneration, transparency and workload of the supervisory board have changed – also with a view to overstretching too many positions or too long times on the supervisory board. Supervisory boards control the work of the board of directors and appoint, among other things, board members and heads of the group.

More: The leading German index has grown to 40 corporations. The proportion of women in management is falling.

.
source site