The compensation of the Management Board members is aligned, primarily, to the bank’s actual financial performance, the ratio between our total shareholder return and the corresponding average figure for a selected group of peer companies on a two-year comparison, segmental results in some cases, as well as the Board Member’s individual performance. The largest part of the variable compensation components is awarded on a deferred basis, is subject to clawback and determined to a reasonable extent by the sustained performance of Deutsche Bank, thereby taking account of both negative and positive developments.
Members of the Supervisory Board receive compensation that comprises a fixed component and a variable component based on the company’s long-term performance, as well as a dividend-related bonus. The chairs and members of the Supervisory Board’s Committees, and the chair and deputy chair of the Supervisory Board, receive additional compensation. In addition, the members of the Supervisory Board are awarded meeting fees and are also covered by a directors’ and officers’ liability insurance policy (D&O) taken out by Deutsche Bank.