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Annual Report

Supervisory Board Remuneration

Under Article 17 of the Volkswagen AG 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. The duties performed by the respective member on the Supervisory Board are also taken into account. Several members of the Supervisory Board are also members of the Supervisory Board of subsidiaries. The remuneration received there is based on the provisions of the relevant Articles of Association and also comprises a fixed component and a variable component that is linked to the amount of the dividend paid. In fiscal year 2010, the members of the Supervisory Board received €5,348,561 (previous year: €4,011,902). €360,042 of this figure (previous year: €416,100) related to the fixed remuneration components (including attendance fees) and €4,988,520 (previous year: €3,595,802) to the variable remuneration components.

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REMUNERATION OF THE MEMBERS OF THE SUPERVISORY BOARD1

 

 

Fixed

 

Variable

 

Total

 

Total

 

 

 

 

 

2010

 

2009

1

All figures shown are rounded, so minor discrepancies may arise from addition of these amounts.

2

Adjusted.

3

These employee representatives have stated that they will transfer their Supervisory Board remuneration to the Hans Böckler Foundation in accordance with the guidelines issued by the German Confederation of Trade Unions (DGB).

4

Under section 5(3) of the Niedersächsisches Ministergesetz (Act Governing Ministers of the State of Lower Saxony), these members of the Supervisory Board are obliged to transfer their Supervisory Board remuneration to the State of Lower Saxony as soon as and to the extent that it exceeds €6,200 per annum. Remuneration is defined for this purpose as Supervisory Board remuneration and attendance fees exceeding the amount of €200.

Ferdinand K. Piëch

 

39,500

 

553,300

 

592,800

 

427,8612

Berthold Huber3
(since May 25, 2010)

 

29,350

 

249,435

 

278,785

 

70,400

Hussain Ali Al-Abdulla
(since April 22, 2010)

 

8,142

 

117,922

 

126,064

 

Jörg Bode4
(since November 4, 2009)

 

12,867

 

195,509

 

208,376

 

25,082

Michael Frenzel

 

14,250

 

234,896

 

249,146

 

199,250

Babette Fröhlich3

 

15,000

 

256,250

 

271,250

 

200,250

Hans Michael Gaul

 

15,000

 

256,250

 

271,250

 

200,250

Jürgen Großmann

 

10,000

 

170,833

 

180,833

 

134,833

Peter Jacobs3

 

12,000

 

170,833

 

182,833

 

136,833

David McAllister4
(since July 1, 2010)

 

6,467

 

127,176

 

133,643

 

Hartmut Meine3

 

12,000

 

170,833

 

182,833

 

136,833

Peter Mosch3

 

26,500

 

211,633

 

238,133

 

190,1332

Roland Oetker (until April 22, 2010)

 

5,717

 

105,822

 

111,538

 

263,667

Bernd Osterloh3

 

15,000

 

256,250

 

271,250

 

200,250

Jürgen Peters3 (until April 30, 2010)

 

7,000

 

113,889

 

120,889

 

263,667

Hans Michel Piëch
(since August 7, 2009)

 

23,000

 

198,033

 

221,033

 

62,0362

Ferdinand Oliver Porsche
(since August 7, 2009)

 

33,500

 

382,467

 

415,967

 

102,5122

Wolfgang Porsche

 

15,000

 

256,250

 

271,250

 

161,319

Wolfgang Ritmeier

 

13,383

 

210,220

 

223,603

 

200,250

Heinrich Söfjer3 (until May 15, 2010)

 

5,242

 

63,825

 

69,067

 

136,833

Jürgen Stumpf3

 

11,867

 

195,509

 

207,376

 

134,833

Bernd Wehlauer3

 

14,000

 

256,250

 

270,250

 

200,250

Christian Wulff
(until June 30, 2010)4

 

8,500

 

128,125

 

136,625

 

200,250

Thomas Zwiebler3
(since May 15, 2010)

 

6,758

 

107,008

 

113,766

 

Supervisory Board members who retired in the prior year

 

 

 

 

 

 

 

364,310

Total

 

360,042

 

4,988,520

 

5,348,561

 

4,011,9022

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