# Commission Decision of 20 September 2011 on State aid granted by Germany to HSH Nordbank AG SA.29338 (C 29/09 (ex N 264/09)) (notified under document C(2011) 6483) (Only the German text is authentic) (Text with EEA relevance) (2012/477/EU), Division 12.1

Extent: E+W+S+N.I.

[Remuneration of bodies, employees and essential agents] HSH must verify the incentive effect and appropriateness of its remuneration systems and ensure, using the possibilities under civil law, that they do not result in exposure to undue risks, are oriented towards sustainable, long-term company objectives, and are transparent. That obligation will be satisfied if HSH’s remuneration systems meet the requirements in point 13.2 of the Annex ‘Obligations of HSH’ to the contract on the provision of a guarantee framework’ of 2 June 2009.

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Source: https://www.legislation.gov.uk/eudn/2012/477/annex/I/division/12.1 (the official version)
Page: https://openlegislation.uk/eu-decision-2012-477/annex-I/division-12.1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.