{ "docId": "019dd923-5e88-73ef-bd5c-78c13254e243", "docSlug": "451f3f1c41730bba", "documentTitle": "DB June2018 v8 cb enn ligne", "authorId": "DeutscheBank", "authorName": "Deutsche Bank", "documentKindSlug": "consulting-deck", "documentKindLabel": "Consulting deck", "sourceTypeSlug": "equity_research", "sourceTypeLabel": "Equity research", "presentationDate": null, "orientation": "portrait", "aspectRatio": 0.778, "pageNumber": 64, "pageCount": 172, "prevPage": 63, "nextPage": 65, "slideType": "appendix_disclosure", "function": "summarize", "density": "overcrowded", "nDataPoints": 0, "notes": "This is a page from an annual report detailing corporate governance structures for executive compensation.", "elementsJson": [ "paragraph", "numbered_list" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-5e88-73ef-bd5c-78c13254e243/64", "deckHref": "/decks/019dd923-5e88-73ef-bd5c-78c13254e243", "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5c-78c13254e243.json", "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5c-78c13254e243#slide-64", "components": [ { "bbox": { "h": 0.065, "w": 0.906, "x": 0.047, "y": 0.703 }, "kind": "list", "text": "the ratio of fixed to variable compensation;\nthe ratio of short-term to long-term awards;\nthe ratio of immediately due to deferred compensation components;\nthe ratio of immediately vested compensation elements to compensation elements subject to forfeiture conditions.", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "8637d9fc-e5ff-4826-88fa-4fa6a7e37c3c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.215, "w": 0.906, "x": 0.047, "y": 0.298 }, "kind": "paragraph", "text": "As of the financial year 2014, the Supervisory Board will be supported by the soon-to-be-established Compensation Control Committee. Once the Committee is established, essential functions with regard to the compensation system for the Management Board members and the determination of individual compensation, thus far carried out by the Chairman's Committee, will be assumed by the new Compensation Control Committee. The requirement to establish this additional Committee from the Supervisory Board members is a result of new regulatory approaches under the European Capital Requirements Directive IV (CRD IV). This Directive has been refined and transposed into German law by the CRD IV Implementation Act by way of amendments to the German Banking Act (Kreditwesengesetz – KWG) and revised versions to the Ordinance on the Supervisory Requirements for Institutions' Remuneration Systems (Institutsvergütungsverordnung – InstitutsVergV) at the national level. With regard to the Management Board, the tasks of the Compensation Control Committee include, in particular, supporting and monitoring the Supervisory Board regarding the compensation system, as well as preparing the resolutions of the Supervisory Board regarding individual compensation.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "48ec221f-ec79-4a42-b30e-faa772c4d1fb", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.025, "w": 0.906, "x": 0.047, "y": 0.775 }, "kind": "paragraph", "text": "In addition, the appropriateness of the total amount of compensation in relation to the average income of the employees was considered.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "7e2496bf-d7a4-46cb-a920-fed324c89369", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.085, "w": 0.906, "x": 0.047, "y": 0.521 }, "kind": "paragraph", "text": "The establishment of the Committee is mandatory as of January 1, 2014. However, the Supervisory Board has addressed the composition and the functions of the Committee early on in the fourth quarter of 2013 and established a Compensation Control Committee which also extensively discussed the functions and requirements assigned to it. As required by law, the Compensation Control Committee comprises four members, of which at least one must have sufficient expertise and professional experience in the area of risk management and risk controlling and at least one other must be an employee representative.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a3c0cb35-0a50-48b2-b773-26c0506aad7d", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.085, "w": 0.906, "x": 0.047, "y": 0.614 }, "kind": "paragraph", "text": "The resolutions of the Supervisory Board on the determination of the variable compensation for Management Board members were discussed in detail by the Compensation Control Committee at the end of January 2014 and were prepared by it for the Supervisory Board as a plenary body. In these considerations, the focus was in particular on reviewing the appropriateness of the compensation in a horizontal analysis vis-à-vis the bank's competitors, as well as in vertical analysis. In the context of this comparative review, the appropriateness of the compensation was reviewed with respect to:", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b21199bf-63ab-4451-885b-20dfbe029d34", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.032, "w": 0.906, "x": 0.047, "y": 0.136 }, "kind": "paragraph", "text": "The Supervisory Board as a plenary body is responsible for the structuring of the compensation system and for determining the individual compensation of each Management Board member.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d8034d68-e72d-4530-bb8b-e283f9391a2f", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.115, "w": 0.906, "x": 0.047, "y": 0.176 }, "kind": "paragraph", "text": "Until and including 2013, the Chairman's Committee supported the Supervisory Board in the process. Its functions included, in particular, advising the Supervisory Board on all issues in connection with the compensation of the members of the Management Board. Furthermore, it prepared all of the resolutions on the compensation system and on the determination of the individual compensation of the members of the Management Board. The Chairman's Committee of the Supervisory Board comprises a total of four members, of which two are representatives of the Group's employees. The Chairman's Committee met regularly in 2013 and, in particular, extensively prepared the restructuring of the compensation system for the Management Board members.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "eb139de3-798d-4415-ae1a-047c7f8b9224", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.018, "w": 0.148, "x": 0.047, "y": 0.118 }, "kind": "title", "text": "Responsibility", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "918b81d5-a24c-4611-a250-f87189a2f81e", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 172, "from": 21, "beatId": "9456161e-545d-4636-b9df-03f422ad6259", "arcName": "Monroe's Motivated Sequence", "arcSlug": "monroes-sequence", "beatName": "Action", "beatSlug": "monroes-sequence-action", "evidence": "The document concludes with various appendices, including risk management, capital adequacy, and compensation reports.", "position": 3, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }