Annual Report 2010 - Frauenthal Holding AG

Consolidated Financial Statements Frauenthal Holding Group 2010
[44] Governing bodies
During the reporting period the Supervisory Board consisted of four members elected by the Annual General Meeting and
two members delegated by the central works council. The elected members were:
Hannes Winkler, Chairman since 26 March 2010
Dietmar Kubis, Deputy Chairman
Oskar Grünwald
Johannes Strohmayer, member since 2 June 2010
The previous Chairman of the Supervisory Board, Ernst Lemberger, resigned from the Board with effect from 26 March 2010,
and Hannes Winkler was elected in his place.
The following members were delegated by the works council:
Klement-Michael Marchl
August Enzian, since 27 September 2010
Supervisory Board member Karl Pollak resigned from the works council on 27 September 2010 due to retirement.
In 2010 the Supervisory Board received EUR 36,000 (2009: EUR 40,000) in compensation. Ernst Lemberger and Hannes
Winkler waived their entitlements.
The membership of the Executive Board was as follows:
Hans-Peter Moser
Martin Sailer
The total remuneration of the Executive Board was EUR 934,000 (2009: EUR 656,000); this is reported under “Staff costs”
and “Other operating expenses”. Frauenthal Vermögensverwaltung GmbH, Vienna charged on EUR 632,000 of members’
salaries and payroll-related expenses to Frauenthal Holding AG.
The compensation of the Executive Board consists of a fixed salary and a variable component, representing up to 100 % of
total remuneration, geared to the personal performance of each Board member. Regular pension contributions are made
to a pension fund for Board members. Members have no contractual entitlements to termination benefits on leaving office.
Frauenthal Holding AG has taken out directors and officers (D&O) insurance cover for the Executive Board, chief executives
of Group companies and the Supervisory Board, and bears the cost of EUR 31,000 (2009: EUR 31,000).
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