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RESPONSIBILITY ASSIGNED TO GENERAL COMMITTEE
In accordance with its Rules of Procedure, our Supervisory Board has assigned all matters relating to the structure and appropriateness of the level of Executive Board compensation to its co-determined General Committee  see Supervisory Board Report. This committee considers all compensation elements to be appropriate, both individually and in total. Criteria for the appropriateness of the compensation are the Group’s size and global orientation as well as its financial position. In addition, the tasks and contribution of each Executive Board member to the Group’s success, his individual performance as well as the performance of the entire Executive Board are taken into consideration.
 

EXECUTIVE BOARD TOTAL COMPENSATION IN 2007
€ in thousands

	Non-performance- related components		Performance-related components		Share-based component (MSOP)	Total
	Fixed annual salary	Other benefits	Performance Bonus	LTIP-Bonus 2006/20081)
Herbert Hainer (Chairman and CEO)	1,120	23	1,680	1,360	515	4,698
Glenn Bennett2)	438	2383)	657	680	0	2,013
Robin J. Stalker	500	11	680	680	0	1,871
Erich Stamminger	600	35	1,230	680	0	2,545
Total	2,658	307	4,247	3,400	515	11,127

1) Payment of this bonus will be made only upon achievement of LTIP targets and after approval of the consolidated
    annual financial statements for the period ending December 31, 2008.
2) In accordance with Glenn Bennett’s contract, the following compensation components were granted in US dollars:
    fixed annual salary $ 600,000, other benefits $ 326,595, Performance Bonus $ 900,000. An exchange rate of
    1.3709 $ / € (annual average rate 2007) was used as the basis for calculation.
3) Also contains a tax adjustment due to different tax rates in Germany and the USA.

 

EXECUTIVE BOARD TOTAL COMPENSATION IN 2006
€ in thousands

	Non-performance- related components			Performance-related components	Share-based component (MSOP)	Total
	Fixed annual salary	Other benefits	Performance Bonus	LTIP-Bonus 2006 / 20081)
Herbert Hainer (Chairman and CEO)	1,120	23	1,500	800	343	3,786
Glenn Bennett 2)	468	2143)	637	400	0	1,719
Robin J. Stalker	485	12	600	400	260	1,757
Erich Stamminger	600	54	1,100	400	0	2,154
Total	2,673	303	3,837	2,000	603	9,416

1) Payment of this bonus will be made only upon achievement of LTIP targets and after the approval of the consolidated
    annual financial statements for the period ending December 31, 2008.
2) In accordance with Glenn Bennett’s contract, the following compensation components were granted in US dollars:
    fixed annual salary $ 588,000, other benefits $ 269,000, Performance Bonus $ 800,000. An exchange rate of
    1.2562 $ / € (annual average rate 2006) was used as the basis for calculation.
3) Also contains a tax adjustment due to different tax rates in Germany and the USA.