Remuneration

Remuneration scheme for the Supervisory Board

The remuneration of the members of the Supervisory Board is governed by Article 15 of the Company’s Articles of Incorporation. For each full financial year of their membership on the Supervisory Board, members of the Supervisory Board receive fixed compensation in the amount of TEUR 20. The Company takes out directors’ and officers’ liability insurance (D&O insurance) for the members of the Supervisory Board and pays the premiums. The Chairman’s Deputy receives 1.5 times this fixed fee (TEUR 30), while the Chairman of the Supervisory Board receives a fixed fee in the amount of TEUR 175 for each financial year.

The currently applicable remuneration system for the Supervisory Board was presented to the Annual General Meeting on May 11, 2021 for confirmation and approved by the Annual General Meeting with an approval rate of 99.94% of the share capital represented.

All details on the remuneration scheme of the Supervisory Board remuneration system in place since 1st January 2201 can be found in the following:

System for the remuneration of the members of the Supervisory Board

 

Remuneration scheme for the Management Board

The remuneration system for the members of the Management Board aims to support the sustainable development of the Group strategy of TAG Immobilien AG (“TAG”) and contribute to its continued success. For this reason, the members of the Management Board have for many years been receiving variable remuneration components in addition to fixed remuneration, consisting of a short term incentive plan (“STIP”), which is based on the Company’s key performance indicators and the achievement of non-financial and individual targets, and a long term incentive plan (“LTIP”), which is based on total shareholder return (TSR) and the achievement of non-financial targets. 

The currently applicable remuneration system for the Management Board was presented to the Annual General Meeting on May 11, 2021 for confirmation and approved by the Annual General Meeting with an approval rate of 94.37% of the share capital represented.

All details on the remuneration scheme of the management board remuneration system in place since 1st January 2201 can be found in the following:

System for the remuneration of the members of the Management Board

 

REMUNERATION report

Resolution on the approval of the remuneration report for 2021 prepared and audited in accordance with Section 162 of the German Stock Corporation Act.

The remuneration report for 2021 prepared and audited in accordance with Section 162 of the German Stock Corporation Act was presented to the Annual General Meeting on May 13, 2022 for confirmation and approved by the Annual General Meeting with an approval rate of 83.71% of the share capital represented.

Report on remuneration 2022 incl. report of the independent auditor

Remuneration report for the financial year 2021

Report of the independent auditor on the audit of the remuneration report 2021