The Remuneration Report details the individualized remuneration of the Board of Management and the Supervisory Board of Volkswagen AG, broken down into components, as well as individualized pension provision disclosures for the members of the Board of Management. In addition, we explain in this chapter the main elements of the variable remuneration system for the Board of Management.
Board of Management Remuneration
The full Supervisory Board resolves on the remuneration system and the total remuneration for each individual member of Volkswagen AG’s Board of Management on the basis of the Executive Committee’s recommendations.
Supervisory Board Remuneration
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.