Remuneration Systems

Remuneration scheme for the Supervisory Board

The remuneration of the members of the Supervisory Board is governed by Article 13 of the Company’s Articles of Incorporation. For each full financial year of their membership on the Supervisory Board, members of the Supervisory Board receive fixed compensation in the amount of TEUR 40. The Company takes out directors’ and officers’ liability insurance (D&O insurance) for the members of the Supervisory Board and pays the premiums. The Chairman’s Deputy receives 1.5 times this fixed fee (TEUR 60), while the Chairman of the Supervisory Board receives a fixed fee in the amount of TEUR 175 for each financial year.

Further details on the remuneration scheme of the Supervisory Board remuneration system can be found in the following:

System for the remuneration of the members of the Supervisory Board

Remuneration scheme for the Management Board

The remuneration system for the members of the Management Board aims to support the sustainable development of the Group strategy of TAG Immobilien AG (“TAG”) and contribute to its continued success. For this reason, the members of the Management Board have for many years been receiving variable remuneration components in addition to fixed remuneration, consisting of a short term incentive plan (“STIP”), which is based on the Company’s key performance indicators and the achievement of non-financial and individual targets, and a long term incentive plan (“LTIP”), which is based on total shareholder return (TSR) and the achievement of non-financial targets. 

Further details on the remuneration scheme of the management board remuneration system can be found in the following:

System for the remuneration of the members of the Management Board