Last update 19 April 2022
The current remuneration policy for the members of the Management Board and Supervisory Board was adopted by the 29th Annual General Meeting held on 25 September 2020.
Starting with the financial year 2020 VIG Holding publishes a separate annual remuneration report. It sums up the principles of the remuneration for the members of the Management Board and the Supervisory Board and specifies the amounts and composition of their remuneration in the reporting year. Information about former years is provided in the Corporate Governance reports / annual reports.
Remuneration of the members of the Management Board
The long-term success of a company also requires proper incentives to attract and retain entrepreneurial-minded, competent, and experienced members of the Management Board who act in the interest of the Company and its stakeholders. On the one hand, the remuneration of the Management Board must ensure that successful individuals with experience in a competitive market can be attracted and encouraged to stay with the Company. On the other hand, the remuneration must reflect the performance of the Company from the perspective of the various stakeholders, i.e. the remuneration must reward successful management, in particular taking into account sustainable income and/or contributions to the benefit of employees, respectively the common good.
Remuneration of the members of the Supervisory Board
The remuneration should be proportional to the tasks and services of the members of the Supervisory Board, the success of the Company, and the customary remuneration. It should also ensure that the Supervisory Board members act in line with the objective of a sustainable business development.
Pursuant to the respective resolution of the General Meeting, the members of the Supervisory Board receive a monthly remuneration (the amount of such remuneration depends on whether the member acts as chairman/chairwomen, deputy chairman/chairwomen, or member) and are entitled to an attendance fee per meeting (irrespective of the specific function), including for committee meetings. For the moment, the remuneration does not include a variable remuneration, subject to the achievement of targets.
Remuneration system in detail
Get detailed information on the remuneration system for the members of the Management Board and the Supervisory Board in the following documents:
|Remuneration policy||released on|
|Remuneration policy for the members of the Management Board and the Supervisory Board||25 August 2020|