The remuneration of the members of the Supervisory Board is composed of a fixed remuneration as well as a fixed remuneration for their work in committees. In addition, the members of the Supervisory Board will receive an attendance fee of 1,000 euros for each personal attendance of meetings of the Supervisory Board and its committees requiring such personal attendance. Should several such meetings be held on the same or on consecutive days, the attendance fee will be paid only once.
Remuneration of the Supervisory Board
The members of the Supervisory Board of Allianz SE receive a fixed remuneration. Structure and amount of the Supervisory Board remuneration are approved by the Annual General Meeting and are governed by the Statutes. The remuneration fully complies with the requirements of the German Corporate Governance Code. The remuneration is published on an individualized basis in the Annual Report.
Remuneration Structure
Remuneration System
Detailed information on the remuneration of the Supervisory Board of Allianz SE can be found here:
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Current provision
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2021-2022
The current remuneration of the members of the Supervisory Board of Allianz SE was approved at the Annual General Meeting on May 4, 2023 under Agenda Item 7 with a majority of 95.07% and is set out in Section 12 of the Statutes of Allianz SE.
The remuneration of the members of the Supervisory Board of Allianz SE was approved by the Annual General Meeting on May 5, 2021 under Agenda Item 6 with a majority of 97.56%. The provision was set out in Section 11 of the Statutes of Allianz SE and was applicable in the fiscal years 2021 and 2022.
§ 11 of the Statutes of Allianz SE (version dated June 2021)
11.1. The members of the Supervisory Board will receive an annual remuneration in an amount of EUR 125,000. The Chairperson of the Supervisory Board will receive an annual remuneration of EUR 250,000 and each deputy shall receive EUR 187,500.
11.2. Each member of a committee, except for the audit committee and the nomination committee, will receive an additional annual remuneration of EUR 25,000 and committee chairpersons will receive an additional annual remuneration of EUR 50,000. Members of the audit committee will receive an additional annual remuneration of EUR 50,000, while the Chairperson of such committee will receive EUR 100,000. Members of the nomination committee will receive an additional annual remuneration of EUR 12,500, while the Chairperson of such committee will receive EUR 25,000.
11.3. In addition, the members of the Supervisory Board will receive an attendance fee of EUR 1.000 for each personal attendance of meetings of the Supervisory Board and its committees requiring such personal attendance. Should several such meetings be held on the same or on consecutive days, the attendance fee will be paid only once.
11.4. Supervisory Board members who served for only part of the fiscal year shall receive one-twelfth of the annual remuneration for each month of service or any part of such month. The same applies to membership in Supervisory Board committees.
11.5. The remuneration according to § 11.1 and § 11.2 is due and payable, pro rata temporis, after the end of the respective quarter of the fiscal year. The attendance fee according to § 11.3 is due after the respective meeting.
11.6. The Company reimburses the members of the Supervisory Board for their out-of-pocket expenses and the VAT payable on their Supervisory Board activity. The Company provides insurance coverage and technical support to the Supervisory Board members to an extent reasonable for carrying out the Supervisory Board duties.
11.7. The provisions of this § 11 will first apply for the fiscal year 2021.
Remuneration Report
The current Remuneration Report and the Remuneration Reports of previous years can be found here:
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| Remuneration Report 2024 | Remuneration Report 2024 (Annual Report Allianz SE 2024, p. 110 et seq.) |
| Remuneration Report 2023 | Remuneration Report 2023 (Annual Report Allianz SE 2023, p. 165 et seq.) |
| Remuneration Report 2022 | Remuneration Report 2022 (Annual Report Allianz SE 2022, p. 131 et seq.) |
| Remuneration Report 2021 | Remuneration Report 2021 (Annual Report Allianz SE 2021, p. 124 et seq.) |
Related topics
Statues
Besides general provisions, the Statutes include rules regarding the central bodies (Board of Management, Supervisory Board, Annual General Meeting), the annual financial statements, and the appropriation of net earnings.
Remuneration of the Board of Management
The remuneration of the Board of Management is focused on sustainability and aligned with shareholder interests.
Annual Report
The Allianz Group Annual Report is available as PDF and in the Allianz Investor Relations App.