In accordance with Article 17 of the Articles of Association of Deutsche Post AG as resolved by the AGM, the annual remuneration of the members of the Supervisory Board comprises a fixed component, a short-term performance-related component and a performance-related component with a long-term incentive effect.
The fixed component amounts to €20,000, and the short-term performance-related remuneration to €300 for every €0.03 by which the consolidated net profit per share exceeds the amount of €0.50 in the fiscal year in question. In 2006, the consolidated net profit per share was €1.60 and therefore exceeded the amount of €0.50 by 36.67 x €0.03. The short-term performance-related remuneration came to 32.31% of the total remuneration of all the members of the Supervisory Board. For fiscal year 2006, the members of the Supervisory Board are entitled to an annual performance-related remuneration with a long-term incentive effect amounting to €300 for every 3% by which the consolidated net profit per share for fiscal year 2008 exceeds the consolidated net profit per share for fiscal year 2005. The remuneration falls due after the 2009 AGM. Taken individually, the two variable remuneration components may not exceed the amount of the fixed remuneration of €20,000.
The Chairman of the Supervisory Board receives double the remuneration, and his deputy one and a half times the remuneration. The Chairman of a Supervisory Board committee also receives double the remuneration, while a member of a Supervisory Board committee receives one and a half times the remuneration. Persons who are members of the Supervisory Board for only part of a fiscal year receive corresponding remuneration on a pro rata basis. The members of the Supervisory Board are entitled to claim out-of-pocket expenses incurred in the exercise of their office. Any value-added tax on the Supervisory Board remuneration and on any out-of-pocket expenses is reimbursed. In addition, each member of the Supervisory Board attending a meeting receives an attendance allowance of €500 for each plenary meeting of the Supervisory Board or committee meeting. In fiscal year 2006, the total remuneration of the Supervisory Board, excluding long-term performance-related remuneration, amounted to approximately €1 million. The following table provides a breakdown as follows:
The basis for the measurement of the claim to long-term performance-related remuneration is the provision which must be recognized. Due to the lower profit per share in fiscal year 2006 as compared with the previous year, no provision was recognized. The long-term performance-related remuneration for the year 2004 will be disbursed for the first time after the 2007 AGM for the benchmark period 2003–2006 if the performance targets are achieved.
No payments or benefits were granted in return for services provided individually above and beyond activities for the Supervisory Board, especially consulting and agency services, with the exception of the remuneration of members elected by employees as set out in the members’ respective employment contracts.