Compensation
Taking into account the requirements of Section 87a (1) of the German Stock Corporation Act (AktG), the Supervisory Board resolved on March 30, 2021 to amend the remuneration system for the members of the Executive Board of va-Q-tec AG and submitted the remuneration system to the Annual General Meeting on May 21, 2021 for approval under agenda item 6. The Annual General Meeting approved the remuneration system for the members of the Executive Board with a large majority of 91.15% of the valid votes cast.
A full description of the compensation system can be found in the notice of the 2021 Annual General Meeting under agenda item 6 "Resolution on the approval of the compensation system for Executive Board members".
The currently applicable compensation arrangements for the Supervisory Board are set out in ยง 14 of the Articles of Association of va-Q-tec The remuneration of the members of the Supervisory Board, including the system on which this remuneration is based, was approved in accordance with Section 113 (3) of the German Stock Corporation Act by resolution of the Annual General Meeting on May 21, 2021 with a majority of 99.77% of the valid votes cast. The resolved compensation system can be found following agenda item 7 under "Description of compensation for Supervisory Board members (agenda item 7)" of the notice of the Annual General Meeting 2021. The corresponding voting results of the Annual General Meeting 2021 can be found here.
Compensation of the Management and Supervisory Board
