Billie GmbH Charlottenstrasse 4, 10969 Berlin, Referenced in the commercial register of Berlin Charlottenburg under HRB 182428 B VAT ID: DE310295470 Telephone number: 030 31199251 Email: email@example.com Authorized to represent: Dr. Matthias Knecht, Dr. Christian Grobe, Aiga Senftleben
Federal Financial Supervisory Authority (BaFin), Graurheindorfer Strasse 108, 53117 Bonn, Germany
Mandatory disclosures on the remuneration system in accordance with the InstitutsVergV
As an institution within the meaning of Section § 1 (1b) of the German Banking Act (KWG), Billie GmbH is required by Section § 1 (1) of the German Remuneration Ordinance for Institutions (InstitutsVergV) to comply with the provisions of the Ordinance on the Regulatory Requirements for Remuneration Systems of Institutions (Institutsvergütungsverordnung - InstitutsVergV), but does not meet the requirements of Section § 17 of the InstitutsVergV for significant institutions, so that it is only required to comply with the general provisions of Sections §§ 2 to 16 of the InstitutsVergV.
The remuneration of salaried employees and managing directors of Billie GmbH is agreed in written employment contracts and contains all clauses relevant to the wages of employees.
Employees generally receive fixed salaries that are customary in the industry. Only sales employees receive variable compensation in addition to their fixed salary. The specific structure of the variable compensation components ensures that no incentives are created to take disproportionately high risks and that no economic dependency arises from variable compensation components.
Billie GmbH is not subject to any tariff binding.