The remuneration of the Management Board consists of the fixed remuneration, the annual bonus, a long-term, share-based compensation, and the contribution to the pension plan.
The predominant part of the total target compensation is performance-related, with the share-based compensation being the most significant of all components. Together with other elements of the remuneration system such as the requirement to build up ownership in Allianz shares as well as malus and clawback, this ensures the alignment of the interests of the Board of Management and the shareholders.
