Compensation issues for the President and CEO and, as appropriate, Group Vice Presidents, are decided by the Board after preparation by its Remuneration Committee.
The principles for remuneration to the President and CEO, other members of the Executive Board as well as the heads of corporate units are decided by the AGM, based on a proposal by the Board. The proposal is prepared by the Remuneration Committee. Share-related incentive programmes are decided by the AGM. There are no stock option programmes in place.
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