The 2025 remuneration system for the Executive Board of Deutsche Börse AG is the result of a thorough review of the remuneration system that was approved by a large majority in 2021 (94.97%). The focus of the revision was particularly on aligning with our current “Horizon 2026” strategy. Additionally, regulatory requirements, feedback received from investors and proxy advisors, and common market practice were considered

Subject to its submission to the 2025 Annual General Meeting, it will take effect retroactively as of 1 January 2025 for all members of the Executive Board.

2025 Remuneration system

The remuneration system for the Executive Board members comprises non-performance-based and performance-based components. Below you will find an overview of each renumeration components.

Archive 

Below you will find important information on the remuneration system and remuneration reports from previous years.

The remuneration system for the Supervisory Board consists of a fixed remuneration plus an attendance fee. This is in line with the recommendation G.18 sentence 1 German Corporate Governance Code (GCGC). The structure of Supervisory Board remuneration, providing for fixed remuneration only, strengthens the Board’s independence and provides for a counterbalance to the structure of Executive Board remuneration, which is mainly variable and aligned with Deutsche Börse Group's growth strategy. Supervisory Board remuneration therefore contributes to the implementation of the business strategy, and thus promotes Deutsche Börse Group's long-term development.

Articles of Incorporation

The current version of Deutsche Börse AG’s Articles of Incorporation can be downloaded here.

Remuneration system

Remuneration report

The remuneration report of the Deutsche Börse Aktiengesellschaft is disclosed separately in the Annual Report 2024 and will be submitted for approval to the Annual General Meeting 2025. The remuneration report was reviewed by the auditor in terms of both form and content.

Archive

Below you will find important information on the remuneration system and remuneration reports from previous years.