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Womens Training

Compensation Report

Extract from the Annual Report

For adidas, transparent and comprehensible reporting on the compensation of the Executive Board and Supervisory Board is an essential element of good corporate governance. The Compensation Report is a component of the combined Management Report and outlines the principles of the compensation system for the members of the Executive Board and Supervisory Board as well as the level and structure of the compensation in accordance with the legal requirements and the recommendations of the German Corporate Governance Code (the ‘Code’) as amended on February 7, 2017.

 

Compensation of the Executive Board Members

Following preparation by the Supervisory Board's General Committee, the compensation system for our Executive Board and the total compensation of each member of the Executive Board is determined and regularly reviewed by the entire Supervisory Board. The compensation and personnel topics dealt with by the Supervisory Board and General Committee in the year under review are described in detail in the Supervisory Board Report.

The compensation system is geared toward creating an incentive for successful, sustainably value-oriented corporate management and development. Against this background, more than 50% of the variable target compensation component is based upon multi-year performance criteria. The variable compensation components are designed in such a way that the incentive to achieve the long-term targets decisive for the multi-year variable target compensation component is higher than the incentive to achieve the targets decisive for being granted the one-year variable compensation component.

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Compensation of the Supervisory Board Members

In accordance with § 18 of adidas AG’s Articles of Association, the compensation of the Supervisory Board members consists of two components: fixed compensation and additional compensation for membership in committees. The Supervisory Board members are not granted variable compensation. Furthermore, the Supervisory Board members receive attendance fees and are reimbursed for expenses they incur.

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Read more about the compensation of the members of the Executive Board and of the Supervisory Board in our 2017 Annual Report > Compensation Report (Page 39)