BMW Annual General Meeting 2023
ITEM 5 - SUMMARISED OVERVIEW.
APPROVAL OF THE REMUNERATION REPORT (1/2).
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For financial year 2022, the remuneration system, which has been in force since 2021, has remained unchanged.
Target remunerations within the three remuneration levels remained constant; special payments were not granted.
The Supervisory Board has determined the remuneration of the members of the Board of Management within the
framework of the remuneration system. No use was made of the option to make adjustments due to extraordinary
developments.
The caps for the overall remuneration as well as for the components of the variable remuneration were observed.
The Supervisory Board saw no reason to withhold or reclaim variable salary components as part of the malus/clawback
provisions.
The remuneration report for financial year 2021 was prepared in accordance with the requirements of Section 162 of
the German Stock Corporation Act (AktG) for the first time and approved by the 2022 AGM by a majority of 90.29%.
In view of the high level of approval, there has been no fundamental change in the reporting format in the current year.
Transparency was further increased through additional information on compliance with the maximum compensation.
In addition to the legally required formal examination the auditing firm PwC has audited the remuneration report by way of a
voluntary substantive examination.
BMW - Annual General Meeting 2023 - Investor presentation - March 2023
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