31 – Compensation of the Board of Executive Directors and Supervisory Board

(XLS:) XLS

Compensation of the Board of Executive Directors and Supervisory Board (Million €)

 

2019

2018

a

Total compensation of former members of the Board of Executive Directors for 2018 includes compensation for Dr. Kurt Bock before pension benefits in the amount of approximately €1.1 million.

Non-performance-related and performance-related cash compensation of the Board of Executive Directors

13.3

14.3

Fair value of options granted to the Board of Executive Directors in the fiscal year as of grant date

3.2

4.5

Total compensation of the Board of Executive Directors

16.5

18.8

Service costs for members of the Board of Executive Directors

3.7

6.3

 

 

 

Compensation of the Supervisory Board

3.3

3.3

Total compensation of former members of the Board of Executive Directors and their surviving dependentsa

11.5

(4.4)

Pension provisions for former members of the Board of Executive Directors and their surviving dependents

198.2

159.5

Guarantees assumed for members of the Board of Executive Directors and the Supervisory Board

–

–

The performance bonus is based on the performance of the Board of Executive Directors as a whole and the return on capital employed (ROCE) of the BASF Group. Subject to certain conditions, ROCE is adjusted for special items from acquisitions and divestitures. The conditions for the adjustment of ROCE were not met in 2019.

The members of the Board of Executive Directors were granted 185,692 option rights under the long-term incentive (LTI) program in 2019.

Market valuation of the option rights of active and former members of the Board of Executive Directors resulted in an expense totaling €3.0 million in 2019. In 2018, option rights led to income in the amount of €28.5 million.

For more information on the compensation of members of the Board of Executive Directors, see the Compensation Report
For more information on the members of the Supervisory Board and Board of Executive Directors, including their memberships on other boards