Compensation of the Members of the Supervisory Council
The amount of remuneration and compensation paid to the members of the Supervisory Council and the procedure for determining the amount thereof is determined in accordance with the Regulation on Remuneration and Compensation Paid to the Members of the Supervisory Council of VTB Bank, approved pursuant to the recommendation of the Supervisory Council's Staff and Remuneration Committee at the Bank’s AGM (Minutes No. 47 of 24 June 2016) and posted in the “Charter and bylaws” section on the Bank's website.
The Regulation can be viewed here.
In accordance with a resolution of the General Meeting of Shareholders, the members of the VTB Bank Supervisory Council may receive remuneration and compensation for expenses incurred in the course of their duties during their term in office.
In case of early termination, as well as the re-election of members of the Supervisory Council at an Extraordinary General Meeting of Shareholders, the remuneration of a newly elected (former) member of the Supervisory Council is determined proportionate to the time spent as a member of the Supervisory Council, as Chairman of the Supervisory Council, a member of a Supervisory Council committee or the Chairman of a Supervisory Council committee during the corporate year.
The total remuneration paid to a Supervisory Council member for the performance of their duties during the corporate year includes:
- their base payment: for performing the functions of a member of the Bank's Supervisory Council;
- bonus: for the performance of additional duties.
|Base for work on the Supervisory Council||RUB 4,600,000|
|For chairmanship of the Supervisory Council||+ 30% of the base remuneration|
|For chairmanship of a Supervisory Council Committee||+ 20% of the base remuneration|
|For membership in a Supervisory Council committee||+ 10% of the base remuneration|
|Payment conditions: attendance in person or participation via video conferencing in at least half of the meetings held, as well as participation in at least half of absentee votes held by the Supervisory Council or of a Supervisory Council committee|
The total amount of remuneration paid to a member of the Supervisory Council for work during the corporate year depends on his or her participation in the work of the Supervisory Council and is determined based on actual participation in the work of the Supervisory Council and Supervisory Council committees.
In accordance with applicable Russian legislation, members of the Supervisory Council who are state employees do not receive any remuneration.
Remuneration is paid by the Bank through bank transfers; no other forms of remuneration are stipulated.
|Remuneration (in RUB)|
|2013||2014||2015||2016||2017The decision on the payment of remuneration to members of the Supervisory Council based on 2017 results was taken at VTB Bank’s AGM on 23 May 2018.|
|Base||For work on the Supervisory Council (each)||4,600,000||4,600,000||4,600,000||4,600,000||4,600,000|
|For chairmanship of the Supervisory Council||1,380,000||1,380,000||1,380,000||1,380,000||1,380,000|
|For chairmanship of a Supervisory Council committee (each)||920,000||920,000||920,000||920,000||920,000|
|For membership in a Supervisory Council committee (each)||460,000||460,000||460,000||460,000||460,000|
Supervisory Council members who are not state employees are compensated for expenses they incur while carrying out their duties, namely: accommodation, food, travel expenses (including VIP lounge services), other duties and fees for air and rail transport.