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2. Additional informationPersonnel expensesThe following information is presented in order to be compliant with the disclosure requirements of the German Commercial Code.
EmployeesIn the Group, the average numbers of employees over the past fiscal year were as follows:
Executive and Supervisory Board CompensationIn fiscal year 2004/2005 total compensation including non-cash benefits made to the Executive Board amounted to €12.4 million. As of September, 2005, no loans or advance payments were granted to members of the Executive Board. Total compensation paid to former members of the Executive Board and their surviving dependants amounted to €13.3 million. An amount of €128.4 million is accrued for pension obligations benefiting former Executive Board members and their surviving dependants. For fiscal year 2004/2005, the members of the Supervisory Board will receive total compensation of €2.3 million based on the proposed dividend of €0.70 per share (excluding the special dividend of €0.10 per share). Members of the ThyssenKruppAG Supervisory Board received compensation of €0.2 million in fiscal 2004/2005 for supervisory board mandates at Group subsidiaries. Executive and Supervisory Board compensation is individualized in the "Corporate Governance" chapter of the annual report. The information provided there is considered part of the Financial Report. The members of the Executive Board and of the Supervisory Board are listed on the following pages. Declarations of conformity with the German Corporate Governance Code in accordance with Art. 161 of the Stock Corporation Act (AktG)On October 01, 2005 the Executive Board and Supervisory Board of ThyssenKrupp AG issued the updated declaration of conformity in accordance with Art. 161 of the Stock Corporation Act (AktG) and posted it on the company's website. ThyssenKrupp AG complies with all recommendations of the Government Commission on the German Corporate Governance Code in accordance dated June 02, 2005. The declaration of conformity of our exchange-listed subsidiary Eisen- und Hüttenwerke AG was issued on September 26, 2005 and is now available to the shareholders. |
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