Taking into account the German Act Implementing the Second Directive on Shareholders’ Rights ("ARUG II") and the German Corporate Governance Code (GCGC), the Supervisory Board, based on the preparatory work of its Executive Committee, resolved to amend the system for the compensation of Management Board members effective January 1, 2023 and submitted the revised compensation system to the Annual General Meeting on May 24, 2023 for approval under agenda item 9. The Annual General Meeting approved the system for the compensation for members of the Management Board with a majority of 99.99%.
The members of the Supervisory Board receive fixed compensation for their activities. The structure and amount of the Supervisory Board's compensation is decided by the Annual General Meeting and regulated in the Articles of Association. The Annual General Meeting approved the system for Supervisory Board compensation on May 19, 2021 under agenda item 7 with a majority of 99.92%.
The compensation report prepared by the Board of Management and the Supervisory Board of Uniper SE in accordance with Section 162 of the German Stock Corporation Act (Aktiengesetz, “AktG”) presents the basic features of the compensation plans for members of the Board of Management and of the Supervisory Board, and it provides information about the individuals who were current or former members of the Board of Management and of the Supervisory Board in the respective fiscal year and about the compensation granted and owed to them.
For Uniper SE, good corporate governance is a fundamental element of company management and is given high priority.