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Supervisory Board
In the 2007 financial year, the total emoluments of the members of the Supervisory Board for discharging their duties in the parent company and in the subsidiaries, including VAT, amounted to EUR 2,506,837 (2006: EUR 2,289,750). Of this amount, EUR 1,259,449 (2006: EUR 918,964) related to fixed emoluments and EUR 1,199,788 (2006: EUR 1,307,565) to variable emoluments.
In the past two financial years, there have been no advances or loans to members of the Supervisory Board. Moreover, the members of the Supervisory Board received no emoluments or benefits for any personal services they have provided, such as consultancy or mediation services.
Executive Board
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Emoluments of the Executive Board |
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|
|
|
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in € |
|
2007 |
|
2006 |
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Fixed emoluments |
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4,000,814 |
|
4,011,749 |
|
Variable emoluments |
|
9,786,435 |
|
7,826,005 |
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Total cash emoluments |
|
13,787,249 |
|
11,837,754 |
In the 2007 financial year, under the 2007 Performance Share Programme approved at the Shareholders’ Meeting, a total of 83,726 subscription rights (2006: 250,000 options from the 2002 share option scheme) were granted to members of the Executive Board as part of their total emoluments. These had a value on the grant date of EUR 37.02 (2006: EUR 11.24) per subscription right, which gives a total of EUR 3,099,537 (2006: EUR 2,810,000).
Total remuneration paid to former members of the Executive Board and their dependants amounted to EUR 4,534,599 (2006: EUR 5,380,252).
A provision of EUR 35,088,368 (2006: EUR 39,062,290) has been made in the Group financial statements for current pensions and future pension benefits in respect of former members of the Executive Board and their dependants. In the financial statements of Linde AG, a provision of EUR 37,648,981 (2006: EUR 37,982,947) was made.
The remuneration report presents the basic features and the structure of the remuneration of the Executive Board and the Supervisory Board. It has been included in the Group management report of the annual report.
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