How high is Executive Board compensation at ThyssenKrupp?
The overall compensation paid to Executive Board members consists of the following compensation components: the fixed allowance, performance bonus, Mid Term Incentive Plan (MTI) – which will continue in a slightly altered form as the Long Term Incentive Plan (LTI) from the 2010/2011 fiscal year onwards – as well as additional (non-cash) benefits and pension commitments. The compensation for the 2009/2010 fiscal year also includes an additional bonus, payment of which will be decided each year by the Supervisory Board. Criteria for the appropriateness of the compensation include the duties of the individual Executive Board member, his/her personal performance, the business situation, success and prospects of the Company as well as the prevailing level of compensation at peer companies and the compensation structure applying elsewhere in the Company. The compensation of individual Executive Board members is determined by the full Supervisory Board following preparation by the Supervisory
