Key Performance Indicators to criteria 8

Key Performance Indicator GRI SRS-102-35: Renumeration policies
The reporting organization shall report the following information:

a. Remuneration policies for the highest governance body and senior executives for the following types of remuneration:
i. Fixed pay and variable pay, including performance-based pay, equity-based pay, bonuses, and deferred or vested shares;
ii. Sign-on bonuses or recruitment incentive payments;
iii. Termination payments;
iv. Clawbacks;
v. Retirement benefits, including the difference between benefit schemes and contribution rates for the highest governance body, senior executives, and all other employees.

b. How performance criteria in the remuneration policies relate to the highest governance body’s and senior executives’ objectives for economic, environmental, and social topics.

As a wholly-owned subsidiary of FFH, Hamburg Messe und Congress GmbH (HMC) is subject to the Hamburg Transparency Act, which includes a reporting obligation about the compensation paid to the Executive Board (Refer to Section 3(1)(15)).  

These Reports About The Compensation Of Executives And Managing Directors Of Hamburg’s Public Sector Organisations (Berichte über die Vergütungen der Mitglieder von Vorständen und Geschäftsführungen der Hamburger öffentlichen Unternehmen) are freely accessible online (German only). In addition, the Declarations of Compliance required under the HCGK (Hamburg Code of Corporate Governance) and the executive compensation information have been published on the HMC-website since 2013. This information comprises both, performance-based and performance-independent (e. g. salaries, supplements, benefits in kind) compensation components.  

The twelve members of the Supervisory Board receive an attendance fee per meeting which is identical throughout all public sector organisations. Four construction committee meetings, four human resources committee meetings, two finance committee meetings and four Supervisory Board meetings take place every year. For further information please refer to the Supervisory Board Manual for representatives of the Free and Hanseatic City of Hamburg.

Key Performance Indicator GRI SRS-102-38: Annual total compensation ratio
The reporting organization shall report the following information:

a. Ratio of the annual total compensation for the organization’s highest-paid individual in each country of significant operations to the median annual total compensation for all employees (excluding the highest-paid individual) in the same country.

The annual total compensation ratio can be found in the comments on personnel expenditures in the HMC balances of expense and income accounts and in the HCGK Declaration of Compliance, both of which are included in the 2020 Annual Report.