Vor­stands­ver­gü­tung in DAX und MDAX 2023 – Ana­ly­se der Ver­gü­tung und der Ver­gü­tungs­ele­men­te

CORPORATE FINANCE Nr. 07–08 26.07.2024, Seie 181–184 | von Prof. Dr. Alex­an­der Götz und Dipl. jur. Moritz Stahl

Die­ser Bei­trag ana­ly­siert die Vor­stands­ver­gü­tung im DAX und MDAX im Jahr 2023 und führt die Unter­su­chung aus dem Vor­jahr fort. Die abso­lu­te Ver­gü­tung wird für alle Vor­stands­mit­glie­der sowie für die Vor­stands­vor­sit­zen­den und Finanz­vor­stän­de aus­ge­wer­tet. Außer­dem wird die Ver­gü­tung mit der Per­for­mance der Unter­neh­men und mit der Mit­ar­bei­ter­ver­gü­tung ver­gli­chen.

I. Ein­lei­tung
Mit der Wie­der­be­le­bung des § 162 AktG1 wer­den bör­sen­no­tier­te Unter­neh­men seit dem Geschäfts­jahr 2021 ver­pflich­tet, die gewähr­te und geschul­de­te Ver­gü­tung aus­zu­wei­sen. Über die Ziel­ver­gü­tung wird seit­dem nur noch auf frei­wil­li­ger Basis berich­tet, was die Aus­wer­tung der Vor­stands­ver­gü­tung vor
Her­aus­for­de­run­gen stellt. Mit dem Ziel, die Ange­mes­sen­heit der Vor­stands­ver­gü­tung zu bewer­ten, unter­sucht die vor­lie­gen­de Stu­die die Ziel­ver­gü­tung der Vor­stands­mit­glie­der in DAX und MDAX für das Jahr 2023 und zieht einen Ver­gleich zu 2022.

Wei­ter­le­sen auf www.cf-fachportal.de

Search
Search

Don't hesitate to contact us:

We use reCAPTCHA v3 from Google to reduce spam through our forms. Please click the "Load Form" button to allow reCAPTCHA v3. Please note Google's privacy policy.

Load form

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