The remuneration of the Executive Board of RWE AG is calculated in compliance with the rules set out in the German Commercial Code (HGB). The members of the Executive Board received €8,501,000 in total remuneration for their work in fiscal 2020 compared to €7,571,000 in the previous year when the board was made up of two members.
The transparent reporting of supervisory and management board compensation is a key element of good corporate governance.
In the compensation report, we have provided some information on the principles of RWE AG’s remuneration system as well as its structure and benefits. The 2019 compensation report adheres to all statutory regulations and is fully compliant with the recommendations of the German Corporate Governance Code. It is part of the combined review of operations.