New study shows: Supervisory board remuneration of DAX companies has risen sharply, experts expect further increases in the coming years.

New study shows: Supervisory board remuneration of DAX companies has risen sharply, experts expect further increases in the coming years.

According to a report by amp2.handelsblatt.com, the supervisory boards of DAX companies received around 117 million euros in 2022, which represents a new high. The remuneration is expected to continue to increase, and Norbert Reithofer from BMW received the highest remuneration at 610,000 euros.

According to a study by the German Association for the Protection of Securities Ownership (DSW), the increased remuneration of supervisory boards is a consequence of increased legal regulations and the increased demands placed on supervisory boards by investors, especially after financial scandals such as the Wirecard bankruptcy.

The total compensation of the supervisory board members rose by 17.4 percent to 117.3 million euros. Deutsche Bank once again paid the highest total compensation in the 2022 financial year to its 20 supervisory board members at around 6.8 million euros.

Average salaries are significantly lower in the MDax and SDax, but compensation here is also expected to increase in the coming years.

Investor advocates and compensation experts expect a further increase in supervisory board compensation in order to reflect the increased requirements and increase the attractiveness of supervisory board activity.

Since compensation at DAX companies has reached a new high and experts expect a further increase in compensation in the coming years, this could have an impact on the market and the financial industry. Increased compensation for supervisory boards could lead to discussions about the distribution of corporate profits and influence perceptions of corporate governance. In addition, smaller companies could also have difficulties finding suitable candidates for supervisory board positions in the future.