Remuneration governance
Remuneration Advisory Board
The Remuneration Advisory Board is set up for Clearstream Holding AG. In order to involve control units and other units in the design and monitoring of remuneration systems as required by Institutsvergütungsverordnung (InstitutsVergV, German Remuneration Ordinance for Institutions), the Board includes representatives of Internal Audit, Human Relations, Compliance, Risk Management, Legal, Compensation Officer and Finance.
The Remuneration Advisory Board is involved in the design and development of Clearstream Group’s remuneration systems covering the remuneration of the employees, the executive employees and the Executive Board. The Board supports the Group's efforts to ensure compliance of its remuneration system with regulatory requirements and applicable law.
Remuneration Committees
Clearstream Banking AG and Clearstream Banking S.A. have each established a Remuneration Committee. For further information on the composition please refer to the Remuneration Committee pages for Clearstream Banking AG and Clearstream Banking S.A. For further information on the mandates of the Remuneration Committee members of the respective entities please refer to the Supervisory Boards page.