On remuneration and compensation paid to members of the Supervisory Board
The bank’s Supervisory Board members receive remunerations and compensation that board members of the bank are entitled to according to the Regulations on Remuneration and Compensation Paid to Members of the Supervisory Board of SberBank of Russia*.
The basic remuneration shall be payable to a member of the bank’s Supervisory Board provided he/she has participated in at least one-half of the bank’s Supervisory Board meetings.
The basic remuneration was set (amended) on May 27, 2016, by the Annual General Meeting of shareholders dedicated to the 2015 performance, and is currently amounting to RUB5.9 mln. Between 2013 and 2015 it stood at RUB4.2 mln.
For the performance of duties as a member of any Supervisory Board committee, the additional remuneration shall stand at 20% of the basic remuneration.
For the performance of duties as the Chairman of any Supervisory Board committee and senior independent director, the additional remuneration shall stand at 30% of the basic remuneration.
For the performance of duties as the Chairman of the Supervisory Board, the additional remuneration shall stand at 50% of the basic remuneration.
The additional remuneration depends on a member’s contribution to the Supervisory Board’s work.
The total value of one’s additional remuneration shall not be more than 50% of the basic remuneration amount.
Reimbursement of expenses
Expenses to be reimbursed include:
- travel expenses;
- VIP lounge charges;
- accommodation expenses;
- expenses associated with getting experts’ professional advice.
* Considering the changes approved at the AGM on May 27, 2016, regarding additional remuneration increases.