ANNUAL REPORT 2011 - Kuehne + Nagel
ANNUAL REPORT 2011 - Kuehne + Nagel
ANNUAL REPORT 2011 - Kuehne + Nagel
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OTHER NOTES<br />
11 Personnel<br />
The company has no employees and therefore utilises the central<br />
services of <strong>Kuehne</strong> + <strong>Nagel</strong> Management AG, Schindellegi<br />
(Feusisberg) for its administrative requirements. The respective<br />
costs are included in other operating expenses.<br />
12 Compensation<br />
Due to Swiss law (Article 663b/c CO), additional disclosure of<br />
information related to remuneration paid to and accrued for<br />
members of the Board of Directors and the Management Board<br />
is required.<br />
<strong>2011</strong> 2010<br />
TCHF Compensation Compensation Social Total Total<br />
for Board of<br />
Directors<br />
for Committees insurance<br />
Klaus-Michael <strong>Kuehne</strong> (Honorary Chairman) 804 10 41 855 956<br />
Karl Gernandt (Chairman) 3 300 25 – 325 150<br />
Bernd Wrede (Vice Chairman) 225 48 – 273 250<br />
Juergen Fitschen 150 – 9 159 159<br />
Hans-Joerg Hager 150 – – 150 188<br />
Hans Lerch 150 10 10 170 170<br />
Dr. Wolfgang Peiner 150 – – 150 150<br />
Dr. Thomas Staehelin 150 15 10 175 175<br />
Dr. Joerg Wolle 150 50 12 212 107<br />
Dr. Renato Fassbind 2 96 9 7 112 –<br />
Dr. Georg Obermeier 1 54 9 – 63 175<br />
Dr. Joachim Hausser 1 54 – 2 56 157<br />
Total 2,433 176 91 2,700 2,637<br />
1 Retired from the Board of Directors on May 10, <strong>2011</strong>.<br />
2 Since May 10, <strong>2011</strong>.<br />
3 Compensations are included in remuneration to the Chairman and the Management Board.<br />
Remuneration to the Chairman and the Management Board<br />
<strong>2011</strong> 2010<br />
TCHF Salary Bonus Social Pension 2 Options Others 1 insurance<br />
Total Total<br />
Karl Gernandt, Chairman<br />
Reinhard Lange,<br />
667 1,568 117 191 191 – 2,734 2,825<br />
Chief Executive Officer 800 2,090 162 80 126 20 3,278 3,262<br />
Management Board 3,368 4,396 406 339 307 75 8,891 8,925<br />
Total 4,835 8,054 685 610 624 95 14,903 15,012<br />
1 Other compensations comprise of company car, respectively of company car allowances for all members of the Management Board.<br />
2 Including risk premium and savings contributions.<br />
Financial Statements <strong>2011</strong> _ _ _ _ _ _ Other Notes<br />
Remuneration to the Board of Directors<br />
Following compensation has been accrued for and paid to the<br />
current members of the Board of Directors. Information related<br />
to the compensation policy are disclosed as part of the Corporate<br />
Governance section.<br />
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