Webcast
During the current annual general meeting season, listed companies have to obtain the first regular follow-up resolution of the annual general meeting on the approval of the remuneration system of the Management Board in accordance with Section 120a (1) of the German Stock Corporation Act (Aktiengesetz, AktG) (‘Say on Pay’). Many of the affected corporations are using this repeated ‘Say on Pay’ submission to revise their Management Board remuneration systems. The revision is regularly carried out on the basis of practical experience gained with the initial implementation of the requirements of ARUG II (and here in particular of Section 87a AktG) in the Management Board remuneration system in accordance with the ‘Say on Pay’ resolutions in the 2020/2021 annual general meeting season. The results of follow-up discussions with members of the Management Board, shareholders, proxy advisors, auditors and other interested stakeholders – including in the context of the annual consideration of the remuneration report by the annual general meeting – are also regularly incorporated into the revision of the Management Board remuneration system. Finally, after the first regular ‘Say on Pay’ period, trends in the design of variable remuneration components can be identified in the market, which are also taken into account when the management board remuneration system is revised.
Many (listed) companies are also currently conducting the regular efficiency review for their supervisory board and, in doing so, are further developing their systematic and process-based audit approach.
In our webcast, we explain the current developments and show the possibilities for designing the Management Board remuneration system and the remuneration report for listed companies.
The main topics are:
- Update ARUG II in the Management Board remuneration system: formal and substantive stumbling blocks in the implementation of the Management Board remuneration system and the preparation of the remuneration report
- Established and current market trends in the design of Management Board remuneration
- Remuneration governance: interaction between the Supervisory Board, the annual general meeting and other stakeholders
- Update efficiency review of supervisory boards
Our experts Dr Lars Hinrichs, Dr Volker Schulenburg and Prof Dr Arno Probst will guide you through the webcast. After the webcast, our speakers will be available for an extensive Q&A.
Please feel free to submit your questions for the Q&A session already in your registration.
Information
Webcast in German language – please feel free to contact our experts for explanations in English language.
For organizational questions, please contact
Sabine Sander-Schweden
Tel: +49 403 7853 831
E-Mail: ssander-schweden@deloitte.de
