Home » HR practices » Comp and Ben @en » Germany: Siemens announces the withdrawal of variable pay for board members Germany: Siemens announces the withdrawal of variable pay for board members Fixed pay, a new trend? The remuneration of board members (+52% since 2000) hasn’t been left out of the growing debate on the remuneration of corporate managers (+35% since 2000). In Germany, where dual management is particularly widespread, the most common remuneration structure for board members is divided into a fixed part and a variable part, plus attendance fees. Currently, a majority of businesses listed on the DAX30, the Frankfurt stock exchange, applies this system. Among these, 40% added a requirement of long-term yield and development to the variable component (Towers Watson’s “Ausichtsratvergütung DAX 2010” study). Only three DAX businesses (Daimler, Adidas and Fresenius Medical Care), soon four with Siemens, chose fixed remuneration only. Allianz is also thinking about joining them. Through . Published on 08 December 2010 à 17h53 - Update on 08 December 2010 à 17h53 Resources the most common remuneration structure for board members is divided into a fixed part and a variable part, plus attendance fees. Currently, a majority of businesses listed on the DAX30, the Frankfurt stock exchange, applies this system. Among these, 40% added a requirement of long-term yield and development to the variable component (Towers Watson’s “Ausichtsratvergütung DAX 2010” study). … Need more info ? Contact mind's on-demand study service Which service do you want to contact :WritingCommercial serviceTechnical SupportFirst name Last name Organization Function email* Object of the message Your messageRGPD J’accepte la politique de confidentialité.NameThis field is for validation purposes and should be left unchanged. Essentials Les dernières publications Supporting parenthood in the workplace: a win-win strategy Supporting employee carers: a CSR challenge Analyzes Les dernières publications Paternity leave: data observations from 41 countries EU: during H1 2022 five EU Member States have raised their minimum salary levels