annual financial statement 2011 - conwert Immobilien Invest SE

INTRO | MANAGEMENT REPORT |
| FINANCIAL STATEMENTS
CONSOLIDATED FINANCIAL STATEMENTS
Notes
The remuneration system for the Executive Directors (key positions) consists of a fixed and a variable
component. There are no stock options or pension plans.
Total remuneration consists of a fixed and a variable component, whereby the variable share can
range up to 50% depending on the fulfilment of targets. The criteria for the performance-based
(variable) component are as follows:
Up to 50% of the performance-based component will be paid out when the EBIT or NAV target is reached;
30% of the performance-based component is linked to the attainment of individually defined
corporate goals and 20% to individually defined, non-financial performance goals.
14. INFORMATION ON BODIES OF THE CORPORATION
The following persons served on the Executive Board during the reporting year:
+ Jürgen F. Kelber, born 21 September 1957
+ Thomas Doll, born 27 December 1965
+ Volker Riebel, born 15 October 1955 (up to 6 July 2011)
+ Thomas Rohr, born 30 March 1965 (up to 15 March 2011)
The members of the Administrative Board (Non-Executive Directors) are listed below:
+ Johannes Meran, born 22 February 1972 – Chairman
+ Franz Pruckner, born 20 May 1956 – Vice-Chairman (Member up to 28 September 2011)
+ Kerstin Gelbmann, born 30 May 1974 – Member (since 28 September 2011) (Vice-Chairwoman
from 20 May 2011 to 28 September 2011)
+ Eveline Steinberger-Kern, born 27 January 1972 – Member (since 20 May 2011)
+ Alexander Tavakoli, born 6 August 1969 – Member (since 20 May 2011)
+ Friedrich Kadrnoska, born 28 June 1951 – Vice-Chairman (up to 20 May 2011)
+ Harald Nograsek, born 5 October 1958 – Member (up to 20 May 2011)
The members of the Administrative Board received remuneration of € 0.3 million (2010:
€ 0.4 million).
The remuneration scheme for the members of the Administrative Board is as follows: The chairman
receives fixed remuneration of € 0.05 million per financial year; each vice-chairman receives
fixed remuneration of € 0.03 million; and each ordinary member of the Administrative Board receives
fixed remuneration of € 0.02 million.
ADDITIONAL REMUNERATION FOR THE
MEMBERS OF THE ADMINISTRATIVE BOARD COMMITTEES
The chairman of the Audit Committee receives an additional payment equal to 50% of fixed remuneration.
The other members of this committee receive an additional payment equal to 12.5% of
fixed remuneration.
In addition, each member of the Administrative Board receives a fee of € 0.003 million for each
meeting attended.
15. EVENTS AFTER THE BALANCE SHEET DATE
In connection with the share buyback programme, 2,000 shares were repurchased between 1 January
2012 and 21 March 2012 at an average price of € 7.8 per share for a total of € 15.611.8 (incl.
fees). This represents 0.002% of issued capital.
111