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Compared to 2020, 2019 has not yet been a year of crisis. However, according to a study by the German Protection Association for Securities Ownership (DSW), the supervisory boards of DAX companies earned a little less than in 2018. In total, the 30 companies in the leading German index transferred approximately 83.4 million euros to their controllers – 3.6 Percentage less than last year. The reason is the different composition of Dax, according to the DSW. Thyssenkrupp had to leave the Dax, for example, while the engine specialist MTU Aero Engines went up.
Such postponements have so far passed Paul Achleitner without consequences. The chairman of the Deutsche Bank supervisory board is once again the highest paid chief controller in the Dax. According to the study, the manager received around € 900,000 last year, nearly five percent more than in 2018, when it was around € 860,000. Achleitner is followed by BMW supervisory board chairman Norbert Reithofer with € 640,000, followed by Siemens chief controller Jim Hagemann Snabe with € 612,500, according to the paper presented Thursday.
The investor protection association DSW has been investigating for 18 years, among other things, how the remuneration, transparency and workload of the supervisory board have changed, also in view of an overload with too many positions or too long times on the supervisory board.
Nikolaus von Bomhard is considered the most powerful chairman of the supervisory board
“The influence of the committee should definitely not be underestimated,” said Jella Benner-Heinacher, deputy general manager of DSW. The insolvency of the payment processor Wirecard, where the checks failed, made the abuses evident. The supervisory bodies monitor the work of the board of directors and appoint, among other things, the members of the board and company managers.
According to the study, Deutsche Bank also paid the highest overall salary in 2019: 6.1 million euros went to the Supervisory Board of 20 members, 6% more than the previous year. The bank had set up two additional committees. BMW follows the financial institution with approximately 5.6 million euros for the supervisory body. In third place Volkswagen with 5.3 million euros, instead of Siemens.
DSW sees Nikolaus von Bomhard, chairman of the board of Deutsche Post and Munich Re, as the most powerful supervisory board in Germany. Michael Diekmann, chief supervisor of Allianz and supervisory board of Fresenius and Siemens, follows in second place. Achleitner and Bayer Chief Controller Norbert Winkeljohann share third place.
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