The principles governing the remuneration (remuneration policy) of the members of the Executive Board and Supervisory Board of PIERER Mobility AG were established by resolution of the Supervisory Board on March 26, 2020. The Supervisory Board submits the remuneration policy to the Annual General Meeting for approval in the event of significant changes, and at least once every four years. The remuneration policy that currently applies was submitted to and adopted by the 23rd Annual General Meeting in 2020. 94.72% of the represented share capital (74.80%) approved the presented remuneration policy for the Executive Board. With regard to the submitted remuneration policy for the Supervisory Board, the voting share was 100% of the represented share capital (74.80%).
A separate remuneration report has been prepared for the 2022 financial year and was submitted to and adopted by the 26th Annual General Meeting in 2023. 96.62% of the represented share capital (82.91%) approved the presented remuneration report for the remuneration of the members of the Executive Board and Supervisory Board for the 2022 financial year.
The remuneration report provides an overview of the remuneration principles and programs of PIERER Mobility AG. The remuneration report also describes the procedure for determining the level of remuneration and contains detailed information about the remuneration paid to the Executive Board and the Supervisory Board in the 2022 financial year. The remuneration system of PIERER Mobility AG implements the recommendations of the Austrian Corporate Governance Code (OCGK) and the legal requirements of the Austrian Stock Corporation Act (Sections 78a ff in conjunction with 98a) and was prepared in accordance with the EU Directive 2017/828.
Reports & policies
This Clawback Policy provides an overview of circumstances that allow PIERER Mobility AG, for certain reasons, to reclaim the variable remuneration compnents already received by individual Management Board members.