BENDURA FUND MANAGEMENT BETA AG is subject to the legal and regulatory requirements applicable to fund management companies with regard to the implementation of its remuneration policy and practices. The following remuneration principles relate to the remuneration of our company’s employees and management.
The Company’s compensation system provides a market and function related fixed compensation as well as a performance oriented variable compensation. With this remuneration scheme, the company considers the interests of its own company, investors, shareholders and employees equally and ensures a sustainable and positive development of the company. The remuneration scheme also promotes responsible and risk-conscious behavior of the employees and avoids false incentives.
The essential parameters for determining the amount of the non-performance-related remuneration are the exercised function, the responsibility within the company and the assessment of past performance.
In addition to the fixed and non-performance-related remuneration, there is also a variable remuneration based on the performance of the company as a whole. The components are in an adequate relative fraction and do not provide incentives to take risks with the motivation to increase personal remuneration in the short term. The fixed component is calculated in such a way that a flexible remuneration policy is possible with regard to the variable component up to and including complete waiver.
The Board of Directors determines the remuneration, reviews it regularly and is responsible for its implementation and any necessary adjustments.
The details of the company’s remuneration and risk policy are set out in our internal directives.