Structure and level of the Supervisory Board remuneration are approved by the Annual General Meeting and are governed by the Statutes. The remuneration is fixed.
The members of the Supervisory Board of Allianz SE receive a fixed remuneration. The remuneration is published on an individualized basis in the Annual Report.
Structure of remuneration
The remuneration of the members of the Supervisory Board is composed of a fixed remuneration, a fixed compensation for their work in committees and an attendance fee.
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|
Annual remuneration
|
Chairperson
|
Deputy Chairman
|
Member
|
|---|---|---|---|
|
Supervisory Board |
EUR 250,000 |
EUR 187,500 |
EUR 125,000 |
|
Audit Committee |
EUR 100,000 |
- |
EUR 50,000 |
|
Personnel Committee |
EUR 50,000 |
- |
EUR 25,000 |
|
Risk Committee |
EUR 50,000 |
- |
EUR 25,000 |
|
Technology Committee |
EUR 50,000 |
- |
EUR 25,000 |
|
Standing Committee |
EUR 50,000 |
- |
EUR 25,000 |
| Sustainability Committee | EUR 50,000 | - | EUR 25,000 |
|
Nomination Committee |
EUR 25,000 | - | EUR 12,500 |
|
Attendance fee1 |
EUR 1,000 |
EUR 1,000 |
EUR 1,000 |
1 For each personal attendance of meetings of the Supervisory Board and its committees. Should several such meetings be held on the same or on consecutive days, the attendance fee will be paid only once.
Provision in the Statutes
The remuneration of the Supervisory Board was approved by the Annual General Meeting 2021 and is defined in § 11 of the Statutes of Allianz SE:
“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 financial 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 for the previous financial year
The individual remuneration for members of the Supervisory Board in 2021 is published in the Remuneration Report as part of the Annual Report:
Annual General Meeting 2021
The Annual General Meeting on May 5, 2021 approved the remuneration of the Supervisory Board of Allianz SE with a majority of 97.56 %.
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| FACT BOOK | SUMMARY OF THE REMUNERATION OF THE SUPERVISORY BOARD OF ALLIANZ SE |
| Agenda and invitation | GO TO AGENDA ITEM 6 |