annual Report 2009 - STRATEC Biomedical AG

VIII.
Other disclosures
Disclosures concerning the auditor’s fee pursuant to § 314 (1) No. 9 of the German Commercial Code
The fees recorded for the group auditor in the financial year under report pursuant to § 314 (1) No. 9 of the German
Commercial Code (HGB) are structured as follows:
in v thousand 2009 2008
Expenses for
a) Auditing of financial statements 99 91
b) Tax advisory services 5 11
c) Other services performed for STRATEC AG or its subsidiaries 45 0
Total auditor’s fee 149 102
Related party disclosures
Board of Management and Supervisory Board
The company’s Board of Management has the following members:
• Hermann Leistner, Birkenfeld (Chairman/ Development Division)
Electrical Engineer
• Marcus Wolfinger, Remchingen (Chief Financial Officer)
Graduate in Business Administration
• Bernd M. Steidle, Oberboihingen (Chief Marketing Officer)
Businessman
The Chairman of the Board of Management, Hermann Leistner, and the Chief Financial Officer, Marcus Wolfinger, are
each authorized to solely represent the company. There were no changes in the composition of the Board of Management
between the balance sheet date and the preparation of the consolidated financial statements.
The compensation of members of the Board of Management consists of fixed annual compensation (fixed salary) and
a variable component dependent on the achievement of performance targets. Moreover, members of the Board of
Management are entitled to participate in a stock option program. Among other conditions, the exercising of the options
is dependent on the achievement of performance targets determined at the time of issue.
On the basis of the resolution adopted by the Annual General Meeting on June 23, 2006 the company may forego (opt
out of) the publication of the compensation of the members of the Board of Management on an individual basis and
the additional disclosures required by § 314 (1) No. 6 a) Sentence 6 to 9 of the German Commercial Code (HGB). The
company has exercised this right in the period under report. The total compensation of the Board of Management
amounted to u 1,107 thousand in the period under report (previous year: u 816 thousand). Specifically, the compensation
was structured as follows:
in v thousand 2009 2008
Fixed salary 523 518
Share-based payments 198 122
Payments in kind 30 30
Insurance benefits 53 57
Performance-related components 303 89
Total compensation 1,107 816
106 stratec Annual Report 2009