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Notes concerning the Consolidated Financial Statement and the Annual Financial Statement 64/65
Variable remuneration provisions containing
long-term incentives were agreed with Executive
Vice Presidents, to take effect beginning with fiscal
year 2012.
Initially, payment of the bonus is extended over
several years. For 2015, for the first time the entire
bonus (previous year 75%) is being paid into a
bonus bank. Only one-third of the amounts accrued
in the bonus bank is paid out each year; consequent-
ly, for the 2015 fiscal year, Mr. Gerald Böse will
receive EUR 175,442.62, Ms. Katharina C. Hamma
EUR 98,977.67 and Mr. Herbert Marner EUR
117,822.30 paid out in the form of bonuses.
The result-based share of the bonus amounts to
30% for the Chief Operating Officer and the Chief
Financial Officer, and to 35% of the total bonus for
the President and Chief Executive Officer. This
result-based share is subject to a malus provision
and paid out based on levels of target achievement
in subsequent years. In 2015, the bonus shares
subject to this malus provision totalled to EUR
69,358.33 for Mr. Gerald Böse; to EUR 34,650.00 for
Ms. Katharina C. Hamma; and to EUR 40,404.00 for
Mr. Herbert Marner.
The actual expense for active current members of
management totalled to TEUR 1,707 for 2014 and
was TEUR 2 in all higher than reported in the
previous year’s notes. There was an additional
expense of EUR 1,790.25 for Ms. Katharina C.
Hamma; and for Mr. Herbert Marner EUR 194.25.
During the financial year there were no benefits paid
to members of management on the occasion of the
end of their employment.
There are no public-law pension provisions or claims
to severance pay in effect for any member of
management. Remuneration for former Executive
Vice Presidents and their surviving dependents
totalled to TEUR 487 (of which TEUR 53 for previous
years). Pension provisions of TEUR 5,893 were set
aside for former Executive Vice Presidents and their
surviving dependents.
The members of the Advisory Board of Koelnmesse
GmbH and of Koelnmesse Ausstellungen GmbH each
receive a meeting stipend for their work in relation
to every meeting attended. The same holds true for
the members of the Finance Committee, the
Economic Advisory Committee and the shareholders’
representatives at the general meetings. For
members of the respective committees, the stipend
for each meeting attended was EUR 250.00; the
respective chairperson receives twice this amount
and his or her deputy one and a half times this
amount. Under the Articles of Association, the
Chairman of the Supervisory Board of Koelnmesse
GmbH.