Board of Management
The Board of Management is responsible for managing the Company, setting objectives and determining strategy. In doing so, it is obliged to safeguard Company interests and endeavour to achieve a sustainable long-term increase in the Company’s value.
Remuneration of the Board of Management
The current remuneration system for the Board of Management was submitted to the Annual General Meeting on 28 April 2021 for approval under agenda item 6. The Annual General Meeting approved the remuneration system with a large majority of 86.25%.
The remuneration system complies with the relevant company and supervisory law requirements, in particular the Act Implementing the Second Shareholders' Rights Directive ("ARUG II") and the German Corporate Governance Code.
The remuneration report drawn up by the Board of Management and the Supervisory Board for the financial year 2022 in accordance with Section 162 of the German Stock Corporation Act (AktG) was submitted to the Annual General Meeting on 5 May 2023 under agenda item 6 for approval. The Annual General Meeting approved the remuneration report with a large majority of 88.52%.