Deutsche Bank once again leads the ranking of the best-paid supervisory board mandates in the DAX this year: Chief Controller Alexander Wynaendts received almost 930,000 euros for his work in his first full year in office in 2023. Wynaendts, who has been in office since May 2022, follows his predecessor Paul Achleitner, who led the ranking of top earners among the DAX supervisory board heads for years during his term in office. Michael Diekmann from Allianz with 759,000 euros and Hans Dieter Pötsch from Volkswagen follow in second and third place with 676,000 euros. The best-paid women on the Dax supervisory boards were Michele Trogni and Dagmar Valcárel from Deutsche Bank and Birgit Steinborn from Siemens, each with 450,000 euros. The three women share 20th place in the overall compensation ranking. This is the result of the compensation study published on Monday by the German Association for the Protection of Securities Ownership (DSW), for which all companies listed in the Dax-40, M-Dax and S-Dax were examined On average, the chairmen of the supervisory board in the Dax earned around 421,000 euros for their mandate last year. That is 7.5 percent more than in the previous year. The deputies earn an average of 276,000 euros, while ordinary supervisory board members in DAX companies earn 127,000 euros – almost a third of the chairmen. The position of chairman of the audit committee has become significantly more important within the committees in recent years. This position was remunerated an average of 245,000 euros. In contrast to the board of directors, it is now normal for supervisory board members to receive purely fixed remuneration. For the first time since the systematic survey began in 2006, no DAX company has paid variable remuneration for supervisory board members. With Deutsche Bank and Porsche, the last two companies have also switched to purely fixed remuneration, as recommended by the Corporate Governance Code. More on the topic If you add up the salaries of the supervisory board members within the individual companies, Volkswagen leads the ranking. The Wolfsburg car company granted its 20 supervisory boards a total of around 7.5 million euros, which was 42 percent more than in 2022. According to a VW spokesman, it was the first increase in six years. This is followed by Deutsche Bank with around 7.4 million euros (plus 8.4 percent) and Mercedes-Benz with around 5.9 million euros (minus 9.1 percent).
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