Management Report and Consolidated Financial ... - Do & Co

GB Zahlenteil Neu 7 Englisch:Layout 1 16.10.2008 8:58 Uhr Seite 150
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COMPENSATION REPORT
The Compensation Report summarizes the principles applied in determining compensation
for the Management Board and the Supervisory Board of DO & CO
Restaurants & Catering AG. The Supervisory Board invested the Chairmanship with
the task of determining compensation for the DO & CO Management Board, which
means that that body also functions as the Compensation Committee.
The Management Board
The Management Board is appointed for a term of five years. The total pay is divided
into fixed and performance-linked components. The fixed component is geared to the
tasks and areas of responsibility of the members and paid out retroactively in
14 monthly payments. A further key element of Management Board compensation is
a highly variable component based on scope of tasks and responsibilities and on company
performance. This performance-linked component is geared to the EBIT margin
following goodwill amortization and is capped at 100 % of the fixed pay.
There are no agreements at present on company retirement benefits for the Management
Board. Management Board members are entitled to termination benefits in an
analogous application of the White-Collar Workers’ Act (Angestelltengesetz). The Management
Board has no further claims relating to the termination of employment.
For further details on Management Board compensation, please refer to Information
on Corporate Boards and Employees in the Notes section.
The Supervisory Board
The remuneration scheme for Supervisory Board members provides that the chairperson
receive 50 % more in remuneration than the other members and the deputy
chairman, 25 % more.
Firms in which Supervisory Board members Waldemar Jud and Werner Sporn have a
considerable economic interest charged professional fees of EUR 961,192 in the year
under review for legal counsel.