CORPORATE GOVERNANCE REPORT

Corporate Governance Report Pursuant to the Federal Public Corporate Governance Codex

Introduction

The ASFINAG Group wants to boost the confidence of customers, employees and the general public through a transparent, prompt and detailed information policy. As a capital market oriented company, and due to high public interest, the ASFINAG Group bases the design and communication of its company management around international standards and best practice methods.

The ASFINAG Group pursues a corporate strategy as required for the benefit of the company, taking into consideration the strategy of the owner, the Republic of Austria, and the employees. The Board of Management reports regularly to the Supervisory Board concerning business development and submits to them specific business transactions for approval in accordance with the statutes and the law. The strategic orientation is carried out in close consultation with the Supervisory Board.

Federal Public Corporate Governance Codex (in short: "B-PCGK")

At the end of October 2012, the Austrian Government approved the Federal Public Corporate Governance Codex (B-PCGK). The B-PCGK applies to companies whose direct or indirect majority shareholder is the Republic of Austria; it must therefore be applied by the companies of the ASFINAG Group. The ASFINAG Group recognises the principles defined in the B-PCGK. Accordingly, the formal implementation of the B-PCGK was carried out in the ASFINAG Group for the first time in the fiscal year 2013 as mandatorily envisaged by the codex. Observance of this Codex is anchored in the set of rules of the ASFINAG Group, through which the implementation is ensured. In 2017, the Austrian Federal Government subjected the B-PCGK to a revision. This report follows the corresponding guidelines.

In accordance with Sections 12 and 15 of the B-PCGK, all companies subject to the codex are to prepare their own corporate governance report and publish it on the internet. As seen in the organisational structure of the ASFINAG Group, Autobahnen- und Schnellstraßen-Finanzierungs Aktiengesellschaft is at the top of the structure. Since it provides specific services as the Group holding company (e.g. financing, human resources, legal services) for the entire ASFINAG Group, Autobahnen- und Schnellstraßen Finanzierungs-Aktiengesellschaft decided for reasons of transparency, clarity and efficiency and in accordance with Section 5.1.4 of the B-PCGK to prepare and publish a joint corporate governance report for all companies. Verkehrsauskunft Österreich VAO GmbH listed below for the sake of completeness publishes its own report on its website. The structure of the ASFINAG Group is shown in the following:

Autobahnen- und Schnellstraßen-Finanzierungs-Aktiengesellschaft

Board of Management

In the fiscal year 2017, the Board of Management consisted of two members and of three members for a short transition period of two weeks, Alois Schedl, Klaus Schierhackl and Karin Zipperer.

NameGeburtsjahrDatum der ErstbestellungEnde der laufenden Funktionsperiode
DI Alois SCHEDL195225.10.200730.09.2017
Dr. Klaus SCHIERHACKL196825.10.200714.09.2022
Mag.a Karin ZIPPERER, MBA196915.09.201714.09.2022

Supervisory board mandates that are outside the Group, or comparable functions that go beyond the ones listed in this report:

Klaus SCHIERHACKL:

Chairman of the Advisory Board of ÖVG GmbH (Austrian Society for Traffic and Transport Science)

Member of the Board of Management of VÖWG (Austrian Association for Public and Social Economy)

Vice-President and Member of the Board of Directors of IBTTA (International Bridge, Tunnel and Turnpike Association)

Member of the Supervisory Board of ERTICO (European Road Transport Telematics Implementation Coordination Organisation)

Head of the Alland agricultural community

Alois SCHEDL:

President of ATTC (Austrian Traffic Telematics Cluster)

Member of the Board of Management of FSV (Austrian Research Association for Road – Rail – Transport)

Board of Management of öbv (Austrian Society for Construction Technology)

Administrative Board at ÖIAV (Austrian

Association of Engineers and Architects)

Karin ZIPPERER:

Chairwoman of the Supervisory Board of Austro Control GmbH

Chairwoman of the Supervisory Board of ARWAG Holding AG

Member of the Supervisory Board of Kärntner Flughafen Betriebsgesellschaft m.b.H

President of ATTC (Austrian Traffic Telematics Cluster)

Member of the Board of Management of öbv (Austrian Society for Construction Technology)

These functions are approved by the Supervisory Board.

FUNCTION AND ALLOCATION OF DUTIES

The allocation of duties and cooperation of the Board of Management is regulated in the rules of procedure. Furthermore, they contain the information and reporting duties of the Board of Management and a catalogue of the measures that require approval by the Supervisory Board or its working committee. This also includes significant business transactions of the most important subsidiary companies.

The areas of responsibility of the members of the Board of Management were defined by the Supervisory Board as follows, irrespective of the overall responsibility of the Board of Management:

DI Alois SCHEDL
Mag.a Karin ZIPPERER, MBA
Dr. Klaus SCHIERHACKL
 
ASFINAG Bau Management GmbH: Führung des Bereichs „Planung, Bau und bauliche Erhaltung“ASFINAG Maut Service GmbH: Führung des Bereichs Maut
ASFINAG Servicegesellschaften: Führung des Bereichs „Betriebliche Erhaltung inkl. Betrieb“ASFINAG Commercial Services GmbH
Technische KoordinationASFINAG European Toll Service GmbH
Corporate Service: Marketing und KommunikationStrategie, Internationales und Innovation
Raststationen und Liegenschaften
Corporate Services: Finanzierung und Rechnungswesen, Konzernrevision, Human Resources, Qualitätsmanagement, Controlling, Kosten- und Mauttarife, Recht und Einkauf

There is no chairman of the board since the Board of Management consists of only two persons.

REMUNERATION OF MANAGEMENT

The total remuneration of the Board of Management of Autobahnen- und Schnellstraßen-Finanzierungs-Aktiengesellschaft consists of fixed and variable remuneration components, with the variable component being limited to a maximum annual amount. For each fiscal year, objectives are agreed on with the Steering Committee of the Supervisory Board at the beginning of the year, which include both the achievement of financial key performance indicators (result for the year, cost-efficiency objectives, etc.) as well as performance criteria that are not of a financial type (e.g. network planning, customer satisfaction, etc.). At the end of each fiscal year, the agreed values are compared to the actually achieved values, with a payout being made corresponding to the level of achievement.

The composition of the remuneration of management in the Group (managing directors and managerial staff) follows these principles.

The Board of Management and the management of the ASFINAG Group have pension fund agreements in accordance with the federal regulation on specimen contracts (Bundesvertragsschablonenverordnung), according to which the company pays ten percent of the fixed salary to a pension fund. No such agreements exist for the management of ASFINAG Commercial Services GmbH and ASFINAG European Toll Service GmbH as well as for Mr Schedl and Ms Lutter.

NameFixe Bezüge 2017 bruttoVariable Bezüge für das Leistungsjahr 2017 bruttoSachbezüge jährlich
DI Alois SCHEDL197.921,00 Euro44.325,00 Euro8.771,00 Euro
Dr. Klaus SCHIERHACKL270.000,00 Euro59.112,00 Euro11.694,00 Euro
Mag.a Karin ZIPPERER, MBA83.976,00 Euro16.866,00 Euro2.874,00 Euro

CONCLUSION ENTITLEMENTS

At the end of the employment relationship, members of the Board of Management are entitled to the corresponding application of Section 23 AngG (Salaried Employees Act), with the periods of service in the ASFINAG Group being included. The variable remuneration components are contractually excluded for the calculation base according to the Salaried Employees Act.

Supervisory Board:

The foundation for the work of the Supervisory Board is primarily formed by the Stock Corporation Act (Aktiengesetz), the company’s articles of incorporation, the rules of procedure for the Supervisory Board and the B-PCGK.

MEMBERS OF THE SUPERVISORY BOARD

The Supervisory Board of Autobahnen- und Schnellstraßen-Finanzierungs-Aktiengesellschaft included the following members in the fiscal year 2017:

Name und FunktionGeburtsjahrDatum der ErstbestellungEnde der laufenden Funktionsperiode
Dr.in Claudia KAHR
Vorsitzende
Vorsitzende des Prüfungsausschusses
Vorsitzende des Präsidialausschusses
195523.06.201015.12.2017
DI Herbert KASSER
Stellvertreter der Vorsitzenden
Stellvertreter der Vorsitzenden des Prüfungsausschusses
Stellvertreter der Vorsitzenden des Präsidialausschusses
196424.05.2007o. HV 2022
Mag.a Maria KUBITSCHEK
Mitglied
Mitglied des Prüfungsausschusses
196224.05.2007o. HV 2022
KR Kurt EDER
Mitglied
194604.09.2014o. HV 2022
Mag. Nikolaus GRETZMACHER, MBA
Mitglied
Mitglied des Prüfungsausschusses
197504.09.2014o. HV 2022
Roman GRÜNERBL
Vorsitzender der Konzernvertretung
Mitglied des Prüfungsausschusses
196610.04.2014Entsendung auf unbestimmte Zeit
DI Richard LOIDL
Vorsitzender des Betriebsrates
Mitglied des Prüfungsausschusses
197015.03.201722.11.2017
Ursula ZORTEA-EHRENBRANDTNER
Vorsitzende des Betriebsrats der ASFINAG
Mitglied des Prüfungsausschusses
196615.02.2013Entsendung auf unbestimmte Zeit

REMUNERATION OF SUPERVISORY BOARD MEMBERS

Employees of the ASFINAG Group have no claim to remuneration and attendance fees. To the extent that members of the supervisory board are civil servants of the federal government, their remuneration must be transferred to the account of the Federal Ministry of Finance.

The Annual General Meeting (AGM) determines yearly the remuneration of the Supervisory Board members that it elects for the prior fiscal year. The AGM 2017 decided on the following remuneration scheme for the fiscal year 2017:

Funktion im AufsichtsratVergütung/p. a.Sitzungsgeld/Sitzung
Vorsitzende/-r8.000,00 Euro1.000,00 Euro
Stellvertreter6.000,00 Euro750,00 Euro
Mitglied4.000,00 Euro500,00 Euro

Remuneration and attendance fees amounting to around EUR 49,300 were paid out to the Supervisory Board in the fiscal year 2017.

ASFINAG Bau Management GmbH

Management

In the fiscal year 2017, the management consisted of two members, Gernot Brandtner and Alexander Walcher.

NameGeburtsjahrDatum der ErstbestellungEnde der laufenden Funktionsperiode
DI Gernot BRANDTNER196501.03.200828.02.2018
DI Alexander WALCHER196901.03.200828.02.2023

Supervisory board mandates that are outside the Group or comparable functions that go beyond the ones listed in this report:

Gernot BRANDTNER:

Board of Management of öbv (Austrian Society for Construction Technology)

Alexander WALCHER:

Member of Advisory Board of FSV (Austrian Research Association for Road – Rail – Transport)

Vice-President of the Board of Trustees of the Austrian national committee of AIPCR/PIARC (World Road Organisation)

These functions are approved by the Supervisory Board.

FUNCTION AND ALLOCATION OF DUTIES

The allocation of duties and cooperation of the management is regulated in the rules of procedure. Furthermore, they contain the information and reporting duties of the management and a catalogue of the measures that require approval by the Supervisory Board or its working committee.

The areas of responsibility of the members of the management were defined by the Supervisory Board as follows, irrespective of the overall responsibility of the management:

DI Gernot BRANDTNERDI Alexander WALCHER
BauPlanung
E & MGrundeinlöse
Fachbereich: Technik, Innovation und UmweltHuman Resources
Projektcontrolling/Controlling
Fachbereich: Bauwirtschaft und Vergabe

REMUNERATION OF MANAGEMENT

The total remuneration of the management of ASFINAG Bau Management GmbH consists of fixed and variable remuneration components, with the variable component being limited to a maximum annual amount.

NameFixe Bezüge 2017 bruttoVariable Bezüge für das Leistungsjahr 2017 bruttoSachbezüge jährlich
DI Gernot BRANDTNER145.000,00 Euro34.468,00 Euro8.074,00 Euro
DI Alexander WALCHER145.000,00 Euro34.468,00 Euro9.767,00 Euro

CONCLUSION ENTITLEMENTS

At the end of the employment relationship, managers are entitled to the corresponding application of Section 23 AngG (Salaried Employees Act), with the periods of service in the ASFINAG Group being included.

Supervisory Board

The foundation for the work of the Supervisory Board is primarily formed by the Limited Liability Companies Act (GmbH-Gesetz), the company’s articles of association, the rules of procedure for the Supervisory Board and the B-PCGK.

MEMBERS OF THE SUPERVISORY BOARD

The Supervisory Board of ASFINAG Bau Management GmbH included the following members in the fiscal year 2017:

Name und FunktionGeburtsjahrDatum der ErstbestellungEnde der laufenden Funktionsperiode
DI Alois SCHEDL
Vorsitzender
Vorsitzender des Präsidialausschusses
195211.03.200913.09.2017
Mag.a Karin ZIPPERER, MBA
Vorsitzende
Vorsitzende des Präsidialausschusses
196913.09.2017o. GV 2022
Dr. Klaus SCHIERHACKL
Stellvertreter des/der Vorsitzenden des Präsidialausschusses
196811.03.2009o. GV 2019
DIin Judith ENGEL
Mitglied
197725.02.2016o. GV 2021
Maga Doris FISCHER
Mitglied
198330.04.2013o. GV 2018
Univ.-Prof. DI Dr. h. c. Hans Georg JODL
Mitglied
194728.02.2013o. GV 2018
Mag.a Christa BOCK
Mitglied
197201.02.2017o. GV 2021
Ing. Wolfgang EBERHART
Betriebsrat
196227.10.2014Entsendung auf unbestimmte Zeit
Ing. Andreas HIRT
Betriebsrat
197719.07.201104.05.2017
Ing. Walter LANIATOR
Betriebsrat
197616.05.2013Entsendung auf unbestimmte Zeit
DI Richard LOIDL
Vorsitzender des Betriebsrates
196326.05.2013Entsendung auf unbestimmte Zeit

REMUNERATION OF SUPERVISORY BOARD MEMBERS

Employees of the ASFINAG Group have no claim to remuneration and attendance fees. To the extent that members of the supervisory board are civil servants of the federal government, their remuneration must be transferred to the account of the Federal Ministry of Finance.

The Annual General Meeting (AGM) determines yearly the remuneration of the Supervisory Board members that it elects for the prior fiscal year. The AGM 2017 decided on the following remuneration scheme for the fiscal year 2017:

Funktion im AufsichtsratVergütung/p. a.Sitzungsgeld/Sitzung
Vorsitzende/-r2.250,00 Euro150,00 Euro
Stellvertreter1.850,00 Euro150,00 Euro
Mitglied1.500,00 Euro150,00 Euro

Remuneration and attendance fees amounting to around EUR 9,200 were paid out to the Supervisory Board in the fiscal year 2017.

ASFINAG Service GmbH

Management

In the fiscal year 2017, the management consisted of two members, Josef Fiala and Rainer Kienreich.

NameGeburtsjahrDatum der ErstbestellungEnde laufende Funktionsperiode
Dr. Josef FIALA196228.06.201030.09.2020
Mag. Rainer KIENREICH196816.09.200931.10.2019

Supervisory board mandates that are outside the Group, or comparable functions that go beyond the ones listed in this report:

Josef FIALA:

Chairman of the Board of ATTC (Austrian Traffic Telematics Cluster)

Chairman of the Board of ITS Austria Plattform (Intelligent Transport Systems)

Member of the Board of Directors of ITS World Congress

Rainer KIENREICH:

Vice-President of GSV (Austrian Association for Transport and Infrastructure)

President of ASTRAD (Highways Agency)

Member of the Board of Management of OEGG (Austrian Society for Geomechanics)

Member of the Steering Committee of ÖVDAT (Austrian Institute for Traffic Data Infrastructure)

These functions are approved by the Supervisory Board.

FUNCTION AND ALLOCATION OF DUTIES

The allocation of duties and cooperation of the management is regulated in the rules of procedure. Furthermore, they contain the information and reporting duties of the management and a catalogue of the measures that require approval by the Supervisory Board or its working committee.

The areas of responsibility of the members of the management were defined by the Supervisory Board as follows, irrespective of the overall responsibility of the management:

Dr. Josef FIALAMag. Rainer KIENREICH
Betriebliche ErhaltungNetzplanung
VerkehrsmanagementAsset-Management
Corporate Services:
  • Human Resources
  • Controlling
  • Arbeitnehmerschutz
Elektromaschinelle Erhaltung
Fachbereich:
  • Liegenschaften und Versicherungen
  • Fuhrparkmanagement
Fachbereich:
  • Tunnelmanagement

REMUNERATION OF MANAGEMENT

The total remuneration of the management of ASFINAG Service GmbH consists of fixed and variable remuneration components, with the variable component being limited to a maximum annual amount.

NameFixe Bezüge 2017 bruttoVariable Bezüge für das Leistungsjahr 2017 bruttoSachbezüge jährlich
Dr. Josef FIALA145.000,00 Euro35.000,00 Euro8.010,00 Euro
Mag. Rainer KIENREICH145.000,00 Euro35.000,00 Euro9.600,00 Euro

CONCLUSION ENTITLEMENTS

At the end of the employment relationship, managers are entitled to the corresponding application of Section 23 AngG (Salaried Employees Act), with the periods of service in the ASFINAG Group being included.

Supervisory Board

The foundation for the work of the Supervisory Board is primarily formed by the Limited Liability Companies Act (GmbH-Gesetz), the company’s articles of association, the rules of procedure for the Supervisory Board and the B-PCGK.

MEMBERS OF THE SUPERVISORY BOARD

The Supervisory Board of ASFINAG Service GmbH included the following members in the fiscal year 2017:

Name und FunktionGeburtsjahrDatum der ErstbestellungEnde der laufenden Funktionsperiode
DI Alois SCHEDL
Vorsitzender
Vorsitzender des Prüfungsausschusses
Vorsitzender des Personalausschusses
195211.03.201020.09.2017
Mag.a Karin ZIPPERER, MBA
Vorsitzende
Vorsitzende des Prüfungsausschusses
Vorsitzende des Personalausschusses
196920.09.2017o. GV 2022
Dr. Klaus SCHIERHACKL
Stellvertreter des/der Vorsitzenden des Prüfungsausschusses
Stellvertreter des/der Vorsitzenden des Personalausschusses
196811.03.2010o. GV 2020
Mag. Karl LAUTNER
Mitglied
195611.03.2010o. GV 2020
DI Christian NAGL
Mitglied
Mitglied des Prüfungsausschusses
196711.03.2010AMG 2020
DI Josef DECKER
Mitglied
196518.02.2015o. GV 2020
DI Bernhard ENGLEDER
Mitglied
Mitglied des Prüfungsausschusses
195411.03.2010o. GV 2020
DI Wolfgang HECKENAST
Stellvertreter des/der Vorsitzenden
197710.06.2015o. GV 2020
HR DI Dr. Günther KNÖTIG
Mitglied
195610.06.2015o. GV 2020
Ing. Hannes KÖBERL
Mitglied
196631.10.2013o. GV 2018
DI Franz SCHWAMMENHÖFER
Mitglied
196716.03.2012o. GV 2020
Günter ECK
1. Stellvertreter des Vorsitzenden des Zentralbetriebsrates
M /itglied des Prüfungsausschusses
197511.03.2010Entsendung auf unbestimmte Zeit
Gerhard FUCHS
Betriebsrat
197011.03.2010Entsendung auf unbestimmte Zeit
Christian PIRIBAUER
Vorsitzender des Zentralbetriebsrates
Mitglied des Prüfungsausschusses
196510.02.2015Entsendung auf unbestimmte Zeit
Martin PRETTERHOFER
Betriebsrat
197701.09.2016Entsendung auf unbestimmte Zeit
Walter ROSENMAYER
Betriebsrat
196207.09.2017Entsendung auf unbestimmte Zeit
Ing. Reinhard ÜBERWIMMER
Betriebsrat
195711.01.201701.09.2017

REMUNERATION OF SUPERVISORY BOARD MEMBERS

Employees of the ASFINAG Group have no claim to remuneration and attendance fees. To the extent that members of the supervisory board are civil servants of the federal government, their remuneration must be transferred to the account of the Federal Ministry of Finance.

The Annual General Meeting (AGM) determines yearly the remuneration of the Supervisory Board members that it elects for the prior fiscal year. The AGM 2017 decided on the following remuneration scheme for the fiscal year 2017:

Funktion im AufsichtsratVergütung/p. a.Sitzungsgeld/Sitzung
Vorsitzende/-r2.250,00 Euro170,00 Euro
Stellvertreter1.850,00 Euro170,00 Euro
Mitglied1.500,00 Euro170,00 Euro

Remuneration and attendance fees amounting to around EUR 18,800 were paid out to the Supervisory Board in the fiscal year 2017.

ASFINAG Alpenstraßen GmbH

Management

In the fiscal year 2017, the management consisted of one member, Stefan Siegele.

NameGeburtsjahrDatum ErstbestellungEnde laufende Funktionsperiode
Ing. Stefan SIEGELE197001.01.201731.12.2021

Supervisory board mandates that are outside the Group, or comparable functions that go beyond the ones listed in this report:

None

FUNCTION AND ALLOCATION OF DUTIES

The rules of procedure contain the information and reporting duties of the management and a catalogue of the measures that require approval by the Supervisory Board or its working committee.

REMUNERATION OF MANAGEMENT

The total remuneration of the management of ASFINAG Alpenstraßen GmbH consists of fixed and variable remuneration components, with the variable component being limited to a maximum annual amount.

NameFixe Bezüge 2017 bruttoVariable Bezüge für das Leistungsjahr 2017 bruttoSachbezüge jährlich
Ing. Stefan SIEGELE120.000,00 Euro20.000,00 Euro9.329,00 Euro

CONCLUSION ENTITLEMENTS

At the end of the employment relationship, the manager is entitled to the corresponding application of Section 23 AngG (Salaried Employees Act), with the periods of service in the ASFINAG Group being included.

Supervisory Board

The foundation for the work of the Supervisory Board is primarily formed by the Limited Liability Companies Act (GmbH-Gesetz), the company’s articles of association, the rules of procedure for the Supervisory Board and the B-PCGK.

MEMBERS OF THE SUPERVISORY BOARD

The Supervisory Board of ASFINAG Alpenstraßen GmbH included the following members in the fiscal year 2017:

Name und FunktionGeburtsjahrDatum der ErstbestellungEnde der laufenden Funktionsperiode
DI Alois SCHEDL
Vorsitzender
Vorsitzender des Personalausschusses
195222.11.200715.09.2017
Mag.a Karin ZIPPERER, MBA
Vorsitzende
Vorsitzende des Personalausschusses
196915.09.2017o. GV 2022
HR DI Robert MÜLLER
Stellvertreter des/der Vorsitzenden
Stellvertreter ,den/der Vorsitzenden des Personalausschusses
195622.03.2007o. GV 2022
Dr. Christian KONZETT
Mitglied
195022.03.2007o. GV 2022
Dr. Klaus SCHIERHACKL
Mitglied
196822.11.2007o. GV 2022
Roman GRÜNERBL
Vorsitzender des Betriebsrats
196619.02.2014Entsendung auf unbestimmte Zeit
DI Bernhard MAYR
Betriebsrat
197419.02.2014Entsendung auf unbestimmte Zeit

REMUNERATION OF SUPERVISORY BOARD MEMBERS

Employees of the ASFINAG Group have no claim to remuneration and attendance fees. To the extent that members of the supervisory board are civil servants of the federal government, their remuneration must be transferred to the account of the Federal Ministry of Finance.

The Annual General Meeting (AGM) determines yearly the remuneration of the Supervisory Board members that it elects for the prior fiscal year. The AGM 2017 decided on the following remuneration scheme for the fiscal year 2017:

Funktion im AufsichtsratVergütung/p. a.Sitzungsgeld/Sitzung
Vorsitzende/-r2.250,00 Euro150,00 Euro
Stellvertreter1.850,00 Euro150,00 Euro
Mitglied1.500,00 Euro150,00 Euro

Remuneration and attendance fees amounting to around EUR 4,300 were paid out to the Supervisory Board in the fiscal year 2017.

ASFINAG Maut Service GmbH

Management

In the fiscal year 2017, the management consisted of two members, Gabriele Lutter and Bernd Datler.

NameGeburtsjahrDatum ErstbestellungEnde laufende Funktionsperiode
Mag.a Gabriele LUTTER196201.03.201328.02.2018
Ing. Mag. Bernd DATLER197317.11.200928.02.2023

Supervisory board mandates that are outside the Group, or comparable functions that go beyond the ones listed in this report:

Gabriele LUTTER:

Member of the Supervisory Board of via donau – Österreichische Wasserstraßen-Gesellschaft m.b.H.

Member of the Board of Management of ÖVG (Austrian Society for Traffic and Transport Science)

Chairperson of the Supervisory Board of STEIERMARKBAHN Transport und Logistik GmbH

Chairperson of the Supervisory Board of STEIERMARKBAHN und Bus GmbH

These functions are approved by the shareholder or the Supervisory Board.

FUNCTION AND ALLOCATION OF DUTIES

The allocation of duties and cooperation of the management is regulated in the rules of procedure. Furthermore, they contain the information and reporting duties of the management and a catalogue of the measures that require approval by the Supervisory Board or its working committee.

The areas of responsibility of the members of the management were defined by the Supervisory Board as follows, irrespective of the overall responsibility of the management:

Mag.a Gabriele LUTTERIng. Mag. Bernd DATLER
Mauteinhebung und VertriebSystembetrieb
EnforcementSystementwicklung
KundenmanagementTelematische Dienste
Corporate Services:
  • Human Resources
  • Controlling
Zahlungsverkehr

REMUNERATION OF MANAGEMENT

The total remuneration of the management of ASFINAG Maut Service GmbH consists of fixed and variable remuneration components, with the variable component being limited to a maximum annual amount. The fixed remunerations of Gabriele Lutter are higher because she waived the employer’s payments into the pension fund.

NameFixe Bezüge 2017 bruttoVariable Bezüge für das Leistungsjahr 2017 bruttoSachbezüge jährlich
Mag.a Gabriele LUTTER159.500,00 Euro34.650,00 Euro8.242,00 Euro
Ing. Mag. Bernd DATLER145.000,00 Euro34.650,00 Euro8.265,00 Euro

CONCLUSION ENTITLEMENTS

At the end of the employment relationship, managers are entitled to the corresponding application of Section 23 AngG (Salaried Employees Act), with the periods of service in the ASFINAG Group being included.

Supervisory Board

The foundation for the work of the Supervisory Board is primarily formed by the Limited Liability Companies Act (GmbH-Gesetz), the company’s articles of association, the rules of procedure for the Supervisory Board and the B-PCGK.

MEMBERS OF THE SUPERVISORY BOARD

The Supervisory Board of ASFINAG Maut Service GmbH included the following members in the fiscal year 2017:

Name und FunktionGeburtsjahrDatum der ErstbestellungEnde der laufenden Funktionsperiode
Dr. Klaus SCHIERHACKL
Vorsitzender
Vorsitzender des Personalausschusses
196828.03.2011o. GV 2021
DI Alois SCHEDL
Stellvertreter des Vorsitzenden
Stellvertreter des Vorsitzenden des Personalausschusses
195228.03.201114.09.2017
Mag.a Karin ZIPPERER, MBA
Stellvertreterin des Vorsitzenden
Stellvertreterin des Vorsitzenden des Personalausschusses
196914.09.2017o. GV 2022
MRin Mag.a Karin STANGER-HEROK
Mitglied
196311.12.2013o. GV 2018
Mag.a Christa BOCK
Mitglied
197201.02.2017o. GV 2022
Mag.a Ursula ZECHNER
Mitglied
196820.09.201617.11.2017
Peter SCHGAGULER
Betriebsrat
197801.09.2016Entsendung auf unbestimmte Zeit
Gabriele STRASSNIGG
Vorsitzende des Betriebsrats
196201.09.2016Entsendung auf unbestimmte Zeit
Ing. Otto WÖCHTL
Betriebsrat
195517.08.2010Entsendung auf unbestimmte Zeit

REMUNERATION OF SUPERVISORY BOARD MEMBERS

Employees of the ASFINAG Group have no claim to remuneration and attendance fees. To the extent that members of the supervisory board are civil servants of the federal government, their remuneration must be transferred to the account of the Federal Ministry of Finance.

The Annual General Meeting (AGM) determines yearly the remuneration of the Supervisory Board members that it elects for the prior fiscal year. The AGM 2017 decided on the following remuneration scheme for the fiscal year 2017:

Funktion im AufsichtsratVergütung/p. a.Sitzungsgeld/Sitzung
Vorsitzender2.250,00 Euro150,00 Euro
Stellvertreter/-in1.850,00 Euro150,00 Euro
Mitglied1.500,00 Euro150,00 Euro

Remuneration and attendance fees amounting to around EUR 6,100 were paid out to the Supervisory Board in the fiscal year 2017.

ASFINAG Commercial Services GmbH

Management

In the fiscal year 2017, the management consisted of two members, René Moser and Anton Sieber.

NameGeburtsjahrDatum der ErstbestellungEnde der laufenden Funktionsperiode
Dr. Anton SIEBER196501.04.2008unbefristet
DI (FH) René MOSER, MBA197901.10.2015unbefristet

Supervisory board mandates that are outside the Group or comparable functions that go beyond the ones listed in this report:

René MOSER, MBA:

Member of the Board of Directors of IBTTA (International Bridge, Tunnel und Turnpike Association)

This function is approved by the shareholder.

FUNCTION AND ALLOCATION OF DUTIES

The allocation of duties and cooperation of the management is regulated in the rules of procedure. Furthermore, they contain the information and reporting duties of the management and a catalogue of the measures that require approval by the Annual General Meeting.

The areas of responsibility of the management were defined by the Supervisory Board as follows, irrespective of the overall responsibility of the management:

DI (FH) René MOSER, MBADr. Anton SIEBER
Corporate AffairsGeschäftsfeld Beratung
Human ResourcesGeschäftsfeld Betrieb
RisikomanagementInterne Organisation
Marketing/KommunikationKaufmännische Betreuung/Controlling
Sales of Components

REMUNERATION OF MANAGEMENT

The managers of ASFINAG Commercial Services GmbH exercise their management duties in addition to their main duties in Autobahnen- und Schnellstraßen-Finanzierungs-Aktiengesellschaft and do not receive any additional remuneration for the work as Managing Directors.

CONCLUSION ENTITLEMENTS

At the end of the employment relationship, managers are entitled to the corresponding application of Section 23 AngG (Salaried Employees Act), with the periods of service in the ASFINAG Group being included.

Supervisory Body

Due to the secondary role of the work of ASFINAG Commercial Services GmbH in relationship to the object of the ASFINAG Group, no supervisory body is installed.

ASFINAG European Toll Service GmbH

Management

In the fiscal year 2017, the management consisted of two members, Gabriele Csoklich and Hubert Resch.

NameGeburtsjahrDatum ErstbestellungEnde laufende Funktionsperiode
Mag.a Gabriele CSOKLICH196412.03.2010unbefristet
Dr. Hubert RESCH196910.05.2012unbefristet

Supervisory board mandates that are outside the Group or comparable functions that go beyond the ones listed in this report:

None

FUNCTION AND ALLOCATION OF DUTIES

The allocation of duties and cooperation of the management is regulated in the rules of procedure. Furthermore, they contain the information and reporting duties of the management and a catalogue of the measures that require approval by the Annual General Meeting.

The areas of responsibility of the management were defined by the Supervisory Board as follows, irrespective of the overall responsibility of the management:

Mag.a Gabriele CSOKLICHDr. Hubert RESCH
Internationale VignettenabrechnungInternationale (elektronische) Mautabrechnung (z. B. EasyGo+)
Rechnungswesen und Controlling

REMUNERATION OF MANAGEMENT

The managers of ASFINAG European Toll Service GmbH exercise their management duties in addition to their main duties in Autobahnen- und Schnellstraßen-Finanzierungs-Aktiengesellschaft and do not receive any additional remuneration for the work as Managing Directors.

CONCLUSION ENTITLEMENTS

At the end of the employment relationship, the managers are entitled to the logical application of Section 23 AngG (Salaried Employees Act), whereby the periods of service in the ASFINAG Group are included.

Supervisory Body

Due to the secondary role of the work of ASFINAG European Toll Service GmbH in relationship to the object of the ASFINAG Group, no supervisory body is installed.

Gender Aspects/Diversity Concept pursuant to section 243c (2) 2a of the Austrian Commercial Code (UGB) in Management and the Supervisory Board

The ASFINAG Group ensures equal opportunity and equal treatment irrespective of ethnic origin, skin colour, gender, religion, nationality, sexual orientation, social background and political views. In this context, as part of the “Diversity” project, ASFINAG is working on further developments. In particular, with regard to the proportion of women, the advertisements for Board of Management and management positions referred to the Equal Treatment Act, the advertisements are aimed equally at women and men. ASFINAG endeavours to increase the proportion of women and therefore urges women to apply. Sections 11b and 11c of the Federal Equal Treatment Act are applied analogously to advertisements for board of management and management positions. Under the conditions stated there, female applicants who are equally suitable as the most suitable candidate will be preferred for appointment to the function.

The following table shows the proportion of women in management and supervisory bodies, separated by company. Although special attention is paid to gender aspects, there is a high proportion of men due to historically grown structures and the very technology-oriented content and areas of activity in the respective companies.

The proportion of women in the supervisory body was calculated with regard to the shareholder representatives because the employee representatives were delegated by the Works Council, and the company and the owner had no influence over this delegation.

Frauenanteil Geschäftsleitung per 31.12.2017Frauenanteil Überwachungsorgan per 31.12.2017Frauenanteil Prüfungsausschuss per 31.12.2017Frauenanteil Präsidial- bzw. Personalausschuss per 31.12.2017
Autobahnen- und Schnellstraßen-Finanzierungs-Aktiengesellschaft50,00 %25,00 %25,00 %0,00 %
ASFINAG Bau Management GmbH0,00 %66,67 %kein Prüfungsausschuss50,00 %
ASFINAG Service GmbH0,00 %10,00 %25,00 %50,00 %
ASFINAG Alpenstraßen GmbH0,00 %25,00 %kein Prüfungsausschuss50,00 %
ASFINAG Maut Service GmbH50,00 %75,00 %kein Prüfungsausschuss50,00 %
ASFINAG Commercial Services GmbH0,00 %kein Überwachungsorgankein Prüfungsausschusskein Präsidial- bzw. Personalausschuss
ASFINAG European Toll Service GmbH50,00 %kein Überwachungsorgankein Prüfungsausschusskein Präsidial- bzw. Personalausschuss

D&O Insurance

D&O insurance exists for all members of the Board of Management and the Supervisory Board of the ASFINAG Group.

Deviations in the ASFINAG Group

Section 11.6.6: Due to the organisational structure and for financial considerations, the members of the Board of Management of Autobahnen- und Schnellstraßen-Finanzierungs-Aktiengesellschaft are also members of the Supervisory Board in the subsidiary companies, meaning that members of the supervisory boards are simultaneously members of the respective shareholders’ meeting. This personal union is permissible under Austrian stock corporation law and is a recognised control instrument for corporations. The decision on the discharge and remuneration of the members of the supervisory boards of the subsidiary companies must be approved by the Supervisory Board of Autobahnen- und Schnellstraßen-Finanzierungs-Aktiengesellschaft. This is anchored correspondingly in the rules of procedure for the administrative bodies of the ASFINAG Group.

Section 12 and Section 15: As already mentioned above, for reasons of the transparency, clarity and efficiency of its organisational structure, Autobahnen- und Schnellstraßen-Finanzierungs-Aktiengesellschaft prepares a joint corporate governance report for all companies of the ASFINAG Group and publishes it on the ASFINAG website. The subsidiary companies of Autobahnen- und Schnellstraßen-Finanzierungs-Aktiengesellschaft do not operate websites of their own.

External Review

In accordance with Section 15.5, an external review of compliance with the provisions of the Code was carried out by KPMG Advisory GmbH in the fiscal year 2017. Full implementation and compliance with the requirements has been attested and there are no other deviations beyond the scope of this report.

Statement of Compliance of the Board of Management and Supervisory Board Concerning the B-PCGK

The Board of Management and Supervisory Board declare the following concerning the evaluation that was carried out:

“B-PCGK has been applied in the ASFINAG Group since the fiscal year 2013 and complied with according to the explanations given above, although the regulations of the Austrian Corporate Governance Codex were already voluntarily complied with in the years from 2011 to 2013. The deviations from the Codex regulations result primarily from the organisational structure of the ASFINAG Group and have been explained and justified accordingly.

Application of the B-PCGK is very important to ASFINAG and constitutes a significant component with regard to boosting the confidence of the shareholder, business partners, employees and the general public in the company.

As reported at the beginning, Autobahnen- und Schnellstraßen-Finanzierungs-Aktiengesellschaft decided to prepare a joint report for the entire Group due to the particular organisational structure. Consequently, this statement of compliance is also submitted by the Board of Management and Supervisory Board of Autobahnen- und Schnellstraßen-Finanzierungs-Aktiengesellschaft for all companies in the ASFINAG Group.

The Board of Management and the Supervisory Board m.p.