Compensation Report and Compensation System

Compensation reports and compensation system of the Members of the Supervisory Board and the Members of the Managing Board.

Compensation System for Members of the Managing Board

The remuneration of Manz AG's Managing Board members is made up of fixed and variable components. Non-performance-related components as fixed elements of compensation are the annual fixed salary, fringe benefits and the company pension plan. Performance-related components as variable components are the short-term variable remuneration (Short Term Incentive - "STI") and the long-term variable remuneration (Long Term Incentive - "LTI").

In accordance with Section 87a AktG, the Supervisory Board of Manz AG has adopted a compensation system for the members of the Managing Board, which was approved by the Annual General Meeting on July 7, 2021 with a majority of 98.93% of the votes cast.

Compensation System for Members of the Supervisory Board

The compensation of the members of the Supervisory Board is regulated in Article 12 of Manz AG's Articles of Incorporation. At Manz AG, compensation for members of the Supervisory Board consists exclusively of fixed compensation. This corresponds to the function of the Supervisory Board as an independent advisory and controlling body within the structure of German stock corporation law. The higher time commitment of the Chairman and Deputy Chairman of the Supervisory Board as well as the Chairman and members of committees is appropriately taken into account in the remuneration of Supervisory Board members. Furthermore, the time required for the individual meetings is taken into account by an appropriate attendance fee.

Compensation Reports

A compensation report on the remuneration of the members of the Management Board and Supervisory Board must be prepared annually in accordance with Section 162 AktG and submitted to the Annual General Meeting for approval in accordance with Section 120a (4) AktG.

The compensation report explains the main features of the compensation system for the members of the Managing Board and Supervisory Board as well as the amount of individual compensation paid or granted to the members of Manz AG's executive bodies in the respective reporting year. The report complies with the legal requirements of Section 162 of the German Stock Corporation Act (AktG) and, where applicable, the recommendations of the German Corporate Governance Code as amended. The compensation report is audited by the auditor in accordance with Section 162 (3) sentences 1 and 2 AktG.

Compensation report for the 2022 financial year

The Annual General Meeting on July 4, 2023 approved the compensation report for the 2022 financial year with a majority of 99.70% of the votes cast.

Compensation report for the 2021 financial year

The Annual General Meeting on July 5, 2022 approved the compensation report for the 2021 financial year with a majority of 99.57% of the votes cast.

  • Compensation Report for the Fiscal Year 2022

  • Compensation Report for the Fiscal Year 2021

  • Compensation System for Members of the Managing Board

    On July 7, 2021, the Annual General Meeting of Manz AG approved the following compensation system for members of the Managing Board:

  • Compensation System for Members of the Supervisory Board

    On July 7, 2021, the Annual General Meeting of Manz AG resolved the following compensation system for the members of the Supervisory Board:

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