Under Article 17 of Volkswagen AG’s Articles of Association, the remuneration of Volkswagen AG’s Supervisory Board is composed of a fixed component (plus attendance fees) and a variable component that depends on the amount of the dividend paid. The duties performed by the respective member on the Supervisory Board are also taken into account. Several members of the Supervisory Board are also members of the supervisory boards of subsidiaries. The remuneration received there is based on the provisions of the relevant Articles of Association and also comprises a fixed component and a variable component that is linked to the amount of the dividend paid. In fiscal year 2011, the members of the Supervisory Board received €7,376,151 (previous year: €5,348,561). €380,521 of this figure (previous year: €360,042) related to the fixed remuneration components (including attendance fees) and €6,995,630 (previous year: €4,988,520) to the variable remuneration components.

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REMUNERATION OF THE MEMBERS OF THE SUPERVISORY BOARD1

 

 

Fixed

 

Variable

 

Total

 

Total

 

 

 

 

 

2011

 

2010

1

All figures shown are rounded, so minor discrepancies may arise from addition of these amounts.

2

These employee representatives have stated that they will transfer their Supervisory Board remuneration to the Hans Böckler Foundation in accordance with the guidelines issued by the German Confederation of Trade Unions (DGB).

3

Under section 5(3) of the Niedersächsisches Ministergesetz (Act Governing Ministers of the State of Lower Saxony), these members of the Supervisory Board are obliged to transfer their Supervisory Board remuneration to the State of Lower Saxony as soon as and to the extent that it exceeds €6,200 per annum. Remuneration is defined for this purpose as Supervisory Board remuneration and attendance fees exceeding the amount of €200.

Ferdinand K. Piëch

 

60,500

 

789,722

 

850,222

 

592,800

Berthold Huber2

 

38,000

 

551,000

 

589,000

 

278,785

Hussain Ali Al-Abdulla

 

11,000

 

237,500

 

248,500

 

126,064

Jassim Al Kuwari (since May 4, 2011)

 

6,958

 

156,684

 

163,642

 

Jörg Bode3

 

14,000

 

356,250

 

370,250

 

208,376

Annika Falkengren (since May 4, 2011)

 

6,958

 

156,684

 

163,642

 

Michael Frenzel

 

15,000

 

356,250

 

371,250

 

249,146

Babette Fröhlich2

 

15,000

 

356,250

 

371,250

 

271,250

Hans Michael Gaul (until May 3, 2011)

 

4,063

 

121,224

 

125,286

 

271,250

Jürgen Großmann (until May 3, 2011)

 

4,042

 

80,816

 

84,858

 

180,833

Peter Jacobs2

 

12,000

 

237,500

 

249,500

 

182,833

David McAllister3

 

15,000

 

356,250

 

371,250

 

133,643

Hartmut Meine2

 

12,000

 

237,500

 

249,500

 

182,833

Peter Mosch2

 

27,500

 

294,500

 

322,000

 

238,133

Bernd Osterloh2

 

15,000

 

356,250

 

371,250

 

271,250

Hans Michel Piëch

 

23,000

 

275,500

 

298,500

 

221,033

Ferdinand Oliver Porsche

 

33,500

 

532,000

 

565,500

 

415,967

Wolfgang Porsche

 

13,000

 

356,250

 

369,250

 

271,250

Wolfgang Ritmeier

 

12,000

 

237,500

 

249,500

 

223,603

Jürgen Stumpf2

 

15,000

 

356,250

 

371,250

 

207,376

Bernd Wehlauer2

 

15,000

 

356,250

 

371,250

 

270,250

Thomas Zwiebler2

 

12,000

 

237,500

 

249,500

 

113,766

Supervisory Board members who retired in the prior year

 

 

 

 

438,120

Total

 

380,521

 

6,995,630

 

7,376,151

 

5,348,561

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