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ePaper created 2014-04-29, 17:58:02 | version 1.30.00
DEUTSCHEEUROSHOPANNUALREPORT2013/GROUPMANAGEMENTREPORT 135 In addition to the prospective bonuses for the financial year, the per- formance-related remuneration also includes the difference between the prospective and final bonuses for the previous year (€–4,000). The ancillary benefits for each Executive Board member include the provision of a car for business and private use as well as contribu- tions to a pension scheme. No advances or loans were granted to members of the Executive Board. The Company has not entered into any commitments or con- tingent liabilities in favour of these persons. REMUNERATION SYSTEM FOR THE SUPERVISORY BOARD The remuneration of the Supervisory Board is based on section 8(4) of the Articles of Association of Deutsche EuroShop AG. In accordance with the Articles of Association, the remuneration amounts to €50,000 for the chairman, €37,500 for the deputy chairman and €25,000 for each of the other members of the Supervisory Board. Committee membership is not taken into account when determining the remu- neration of the Supervisory Board. Moreover, the remuneration does not contain any performance-related elements. The remuneration is determined on the basis of the business model and size of the Com- pany as well as the responsibility associated with the role. The Com- pany’s business and financial position is also taken into consideration. If any member of the Supervisory Board should leave the Supervisory Board during the financial year, they shall receive their remuneration pro rata. In accordance with section 8(5) of the Articles of Association, expenses are also reimbursed. REMUNERATION OF THE SUPERVISORY BOARD 2013 The remuneration of the members of the Supervisory Board came to €312,000 in the period under review, which can be broken down as follows: 2013 2012 Manfred Zaß 59.50 59.50 Dr. Michael Gellen 44.62 44.62 Thomas Armbrust 29.75 29.75 Karin Dohm 29.75 13.98 Dr. Jörn Kreke 13.94 29.75 Dr. Henning Kreke 15.81 0 Alexander Otto 29.75 29.75 Reiner Strecker 29.75 13.98 Klaus Striebich 29.75 13.98 Dr. Bernd Thiemann 29.75 29.75 Including 19% value added tax 312.37 265.06 No advances or loans were granted to the members of the Super- visory Board. MISCELLANEOUS No agreements have been concluded with members of the Executive Board that provide for a severance payment on expiry of their current employment contract. No pensions are paid to former members of the Executive or Super- visory Boards or to their dependents. € THOUSAND