The provisions of the German Stock Corporation Act and the recommendations for the remuneration of members of the Supervisory Board in the German Corporate Governance Code form the regulatory framework of the remuneration system. This remuneration system complies with all provisions and recommendations.
The remuneration levels take into account the functions and the respective responsibilities of the members of the Supervisory Board and are in an appropriate relationship to the situation of Brenntag. The remuneration of Supervisory Boards and committees in comparable national and international companies of the same industry is also considered.
Fixed remuneration ensures that the Supervisory Board can exercise its control and advisory function in an independent manner, detached from the short-term success of the Company. This enables the Supervisory Board in particular to focus its activities on the long-term development of Brenntag.
Appropriate consideration is given to the greater amount of time spent on the Supervisory Board in the function of Chairperson and Deputy Chairperson as well as the Chairperson and members of the committees.
Through share ownership guidelines, the long-term development of Brenntag and the shareholders‘ interests are taken into account even more clearly in the context of Supervisory Board remuneration.
A new system for the remuneration of the members of the Supervisory Board was resolved at the 2023 Annual General Meeting. The complete overview of the remuneration system for the members of the Supervisory Board is included in the convening of the Annual General Meeting 2023.
