Compensation Report

Overview

The Compensation Report describes the essential features of the compensation packages for the members of the Board of Management and the Supervisory Board of Bayer AG and explains the compensation the individual members were granted or received for the 2018 fiscal year. The report complies with the requirements of the applicable financial reporting standards for publicly traded companies (German Commercial Code [HGB], German Accounting Standards [DRS] and the International Financial Reporting Standards [IFRS]) as well as with the recommendations contained in the current versions of the German Corporate Governance Code and the guidelines for the sustainable compensation of management board members. The Compensation Report also largely takes into account foreseeable requirements resulting from the European Shareholder Rights Directive II (SRD II), which has yet to be transposed into German law.7

7 The proposed rules as published on October 11, 2018, in the draft of a law to transpose the European Shareholder Rights Directive II into German law (ARUG II) were taken into account.

The guidelines for the sustainable compensation of management board members were developed by supervisory board chairpersons, investor representatives, scientists and corporate governance experts.

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