Corporate governance

Events after the balance sheet date

At its meeting on 27 March 2015 the Board of Directors passed new remuneration rules for the Board of Directors valid as of 1 January 2015. An innovation in this connection is that a flat fee has been set according to the function of the respective member of the Board of Directors. Out-of-pocket expenses will also be reimbursed. The flat fee is calculated on the basis of the average estimated annual time involved as a percentage of full-time equivalent multiplied by an industry-standard salary appropriate to the qualifications required.

The legal structure of the Repower Group in Switzerland is being streamlined again in early 2015 by merging Repower Schweiz AG with Repower AG retroactively with effect 1 January 2015.