PDF, 1.2 MB - Pfleiderer AG
PDF, 1.2 MB - Pfleiderer AG PDF, 1.2 MB - Pfleiderer AG
140 being focused: being better VI. Other Information VII. Company Boards 1. Compensation of present and former corporate management and supervisory bodies Payments made to the Supervisory Board came to 151 thousand euros during the fiscal year. Compensation of the Executive Board, including those members who left during the fiscal year under review, came to 3,597 thousand euros. This includes a variable amount of 585 thousand euros. Sufficient accruals for pensions of former members of the Executive Board and their dependents have been set up, amounting to 2,419 thousand euros as of December 31, 2002 (2001: 2,406 thousand euros). Total compensation to former members of the Executive Board in 2002 came to 127 thousand euros. As part of the Pfleiderer AG stock option scheme, excluding options to former members of the Executive Board, members of the Executive Board were granted 603,000 share options against contribution of a personal investment in the Company. Based on personal investments paid in to the stock option scheme for 2002, a further 466,092 options have been planned for members of the Executive Board. Members of the Executive Board hold 54,060 shares (2001: 45,885). Members of the Supervisory Board hold 77,224 shares (2001: 168,933 shares). 2. Corporate Governance In accordance with Sec.161 Aktiengesetz, the Executive Board and Supervisory Board of Pfleiderer AG published a declaration of compliance in December 20002 regarding the recommendations of the German Corporate Governance Code for corporate management and supervision. 1. Additional board memberships held by members of the Supervisory Board of Pfleiderer AG Ernst-Herbert Pfleiderer Chairman of the Supervisory Board Member of the following comparable German advisory board: Advisory board of Pfleiderer Unternehmensverwaltung GmbH & Co. KG, Neumarkt (Chairman) Wolfgang Rhode* 1st Deputy Chairman of the Supervisory Board Executive member of the managing board of IG Metall
financial statements of the legal entity pfleiderer ag notes pfleiderer ag 141 Dr. Manfred Scholz 2nd Deputy Chairman of the Supervisory Board Managing director, Haindl Papier GmbH, Augsburg until November 30, 2001 Managing director, Augsburg Airways GmbH & Co. KG, Augsburg, since April 2002 Member of the supervisory boards in the following companies: ASSTEL Lebensversicherung AG, Cologne (Chairman) Württembergische Hypothekenbank AG, Stuttgart Drei Mohren AG, Augsburg Gothaer Lebensversicherung AG, Göttingen (Chairman) Gothaer Versicherungsbank VvaG, Cologne Gothaer Finanzholding AG, Cologne DIC Deutsche Investor’s Capital Holding Westfalenbank AG, Bochum (Chairman) Member of the following comparable German advisory board: Advisory board of Pfleiderer Unternehmensverwaltung GmbH & Co. KG, Neumarkt (Deputy-Chairman) N. Erich Gerlach Business Consultant Member of the following comparable German advisory board: Advisory board of Pfleiderer Unternehmensverwaltung GmbH & Co. KG, Neumarkt Reinhard Hahn* (from July 2, 2002) Trade Union Secretary, managing board of IG-Metall, Frankfurt am Main Gregor Haupeltshofer* (until July 2, 2002) Training Supervisor, production Frank Kratzsch* Chairman, Works Council of Pfleiderer Holzwerkstoffe GmbH & Co. KG, Business Unit Duropal Hans Theodor Pfleiderer Member of the executive board of P&V Holding Aktiengesellschaft, Vienna Member of the following comparable German advisory board: Advisory board of Pfleiderer Unternehmensverwaltung GmbH & Co. KG, Neumarkt Siegfried Pirzer* (until July 2, 2002) Construction Supervisor, Services * Elected by the employees
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140 being focused: being better<br />
VI. Other Information<br />
VII. Company Boards<br />
1. Compensation of present and former corporate management and supervisory bodies<br />
Payments made to the Supervisory Board came to 151 thousand euros during the fiscal year.<br />
Compensation of the Executive Board, including those members who left during the fiscal year<br />
under review, came to 3,597 thousand euros. This includes a variable amount of 585 thousand<br />
euros.<br />
Sufficient accruals for pensions of former members of the Executive Board and their<br />
dependents have been set up, amounting to 2,419 thousand euros as of December 31, 2002<br />
(2001: 2,406 thousand euros). Total compensation to former members of the Executive Board<br />
in 2002 came to 127 thousand euros.<br />
As part of the <strong>Pfleiderer</strong> <strong>AG</strong> stock option scheme, excluding options to former members<br />
of the Executive Board, members of the Executive Board were granted 603,000 share options<br />
against contribution of a personal investment in the Company.<br />
Based on personal investments paid in to the stock option scheme for 2002, a further<br />
466,092 options have been planned for members of the Executive Board. Members of the<br />
Executive Board hold 54,060 shares (2001: 45,885). Members of the Supervisory Board hold<br />
77,224 shares (2001: 168,933 shares).<br />
2. Corporate Governance<br />
In accordance with Sec.161 Aktiengesetz, the Executive Board and Supervisory Board of<br />
<strong>Pfleiderer</strong> <strong>AG</strong> published a declaration of compliance in December 20002 regarding the recommendations<br />
of the German Corporate Governance Code for corporate management and<br />
supervision.<br />
1. Additional board memberships held by members of the Supervisory Board<br />
of <strong>Pfleiderer</strong> <strong>AG</strong><br />
Ernst-Herbert <strong>Pfleiderer</strong><br />
Chairman of the Supervisory Board<br />
Member of the following comparable German advisory board:<br />
Advisory board of <strong>Pfleiderer</strong> Unternehmensverwaltung GmbH & Co. KG, Neumarkt (Chairman)<br />
Wolfgang Rhode*<br />
1st Deputy Chairman of the Supervisory Board<br />
Executive member of the managing board of IG Metall
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