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 2012, the members of the Supervisory Board received €8,777,511 (previous year: €7,376,151). €651,625 of this figure (previous year: €380,521) related to the fixed remuneration components (including attendance fees) and €8,125,886 (previous year: €6,995,630) to the variable remuneration components.

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REMUNERATION OF THE MEMBERS OF THE SUPERVISORY BOARD1

 

 

Fixed

 

Variable

 

Total

 

Total

 

 

 

 

 

2012

 

2011

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

 

179,500

 

928,600

 

1,108,100

 

850,222

Berthold Huber2

 

36,000

 

647,133

 

683,133

 

589,000

Hussain Ali Al-Abdulla

 

9,000

 

279,167

 

288,167

 

248,500

Jassim Al Kuwari

 

10,000

 

279,167

 

289,167

 

163,642

Jörg Bode3

 

14,175

 

380,365

 

394,540

 

370,250

Annika Falkengren

 

14,096

 

376,681

 

390,777

 

163,642

Michael Frenzel (until April 19, 2012)

 

3,713

 

126,207

 

129,919

 

371,250

Uwe Fritsch (since April 19, 2012)2

 

8,192

 

195,029

 

203,221

 

Babette Fröhlich2

 

15,000

 

418,750

 

433,750

 

371,250

Peter Jacobs (until April 19, 2012)2

 

3,808

 

84,138

 

87,946

 

249,500

David McAllister3

 

15,000

 

418,750

 

433,750

 

371,250

Hartmut Meine2

 

12,000

 

279,167

 

291,167

 

249,500

Peter Mosch2

 

25,500

 

345,767

 

371,267

 

322,000

Bernd Osterloh2

 

15,000

 

418,750

 

433,750

 

371,250

Hans Michel Piëch

 

67,000

 

323,567

 

390,567

 

298,500

Ursula Piëch (since April 19, 2012)

 

8,192

 

195,029

 

203,221

 

Ferdinand Oliver Porsche

 

62,500

 

624,933

 

687,433

 

565,500

Wolfgang Porsche

 

100,775

 

447,240

 

548,015

 

369,250

Wolfgang Ritmeier

 

12,000

 

279,167

 

291,167

 

249,500

Jürgen Stumpf2

 

13,175

 

380,365

 

393,540

 

371,250

Bernd Wehlauer2

 

15,000

 

418,750

 

433,750

 

371,250

Thomas Zwiebler2

 

12,000

 

279,167

 

291,167

 

249,500

Supervisory Board members who retired in the prior year

 

 

 

 

210,144

Total

 

651,625

 

8,125,886

 

8,777,511

 

7,376,151

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