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Division 24 Within the possibilities under civil law, BayernLB will remunerate its bodies, employees and essential agents in line with the following principles:

United Kingdom

Original text. Later amendments are not shown.

  1. (a)

    BayernLB's employees and essential agents may not receive any inappropriate salaries, salary components, bonuses, or any other inappropriate benefits;

  2. (b)

    the remuneration of board members and senior management of BayernLB will be restricted to an appropriate level (see point 23 above), particular account being taken of

    • the relevant person's contribution to BayernLB's economic position, especially in the context of previous business policies and risk management, and

    • the necessity of a market-oriented salary so as to be able to employ particularly suitable persons who can achieve sustainable economic growth.