Remuneration of the members of the Executive Board and the Supervisory Board

The remuneration and remuneration systems for the Executive Board and the Supervisory Board are regularly reviewed and revised if necessary, most recently in 2020 against the background of the Act Implementing the Second Shareholders' Rights Directive (ARUG II) and taking into account the updated German Corporate Governance Code, now in the version of 16 December 2019 (GCGC 2020).

The current remuneration systems for the Executive Board and the Supervisory Board are in accordance with applicable law and the recommendations of the GCGC 2020, unless a deviation has been or will be declared. Both remuneration systems were submitted to and approved by the Annual General Meeting on 15 April 2021.

 

1) Remuneration report

Here you can find the current remuneration report on the remuneration of the members of the Executive Board and the Supervisory Board:

Remuneration report 2020 

The Remuneration Report 2020, as part of the combined management report of Bilfinger SE and the Group for the 2020 financial year, contains information on the current remuneration system for the Executive Board in place since the 2015 financial year, which was approved by the Annual General Meeting on 7 May 2015, including the adjustments resolved since then. In addition, the remuneration granted and actually received by the members of the Executive Board and Supervisory Board in the 2020 reporting year is individualised and specified with regard to the structure and amount of the individual components.

The Remuneration Report 2020 is based on the requirements of the German Commercial Code, the German Accounting Standards and the International Financial Reporting Standards as well as the recommendations of the GCGC 2020. In this context, individual more far-reaching requirements of the German Stock Corporation Act as amended by ARUG II are also already implemented in the Remuneration Report on a purely voluntary basis.

 

2) Remuneration for the Executive Board

Here you will find the applicable remuneration system for the members of the Executive Board:

Applicable remuneration system for the members of the Executive Board (since 2021)

The current remuneration system for the members of the Executive Board of the Company was finally adopted by the Supervisory Board on 9 February 2021 and approved by the Annual General Meeting on 15 April 2021. It applies from 1 January 2021 for all Executive Board members whose service contracts have been or will be newly concluded or extended from 9 February 2021.

Regarding the actual remuneration of the current members of the Executive Board, please refer to the current remuneration report (see above under item 1).

 

3) Remuneration for the Supervisory Board

Here you will find the applicable remuneration system for the members of the Supervisory Board:

Applicable remuneration system for the members of the Supervisory Board (since 2010)

On 15 April 2021, the Annual General Meeting confirmed the remuneration of the members of the Supervisory Board of the Company as regulated in Article 16 of the Articles of Association of the Company and approved the current remuneration system for the members of the Supervisory Board as part of this remuneration resolution.

Regarding the actual remuneration of the current Supervisory Board members, please refer to the current remuneration report (see above under item 1).

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