409 BMW Group Report 2024 To Our Stakeholders Combined Management Report Group Financial Statements Responsibility Statement and Auditor’s Report Remuneration Report Other Information III. Remuneration of the Members of the Supervisory Board III. REMUNERATION OF THE MEMBERS OF THE SUPERVISORY BOARD 1. Articles of incorporation and procedure The regulation governing remuneration for the Supervisory Board is set out in § 16 of the Articles of Incorporation, and spec- ifies both the remuneration system to be used and the precise framework for calculating the remuneration due to the members of the Supervisory Board. The regulation was adopted by the An- nual General Meeting on 14 May 2020 and confirmed on 12 May 2021 with a majority of 99.40% of the valid votes cast. 2. Principles and elements of remuneration The Supervisory Board remuneration is structured as a purely fixed remuneration in line with suggestion G.18 of the GCGC. Fixed remuneration strengthens the independence of the Super- visory Board in advising and monitoring the Board of Manage- ment. The structure and amount of the fixed remuneration are intended to ensure that highly qualified individuals can be pro- posed to the Annual General Meeting for membership of the Su- pervisory Board. This promotes the quality of advice and over- sight, which contributes to the Company’s sustainable and long- term development. In accordance with the Articles of Incorporation, each member of the Supervisory Board of BMW AG who does not exercise an ad- ditional function relevant to remuneration receives fixed remu- neration of € 200,000 p.a. In suggestion G.17, the GCGC recommends that the Chair and Deputy Chair positions on the Supervisory Board, as well as the Chair and membership of committees, should be given appropri- ate consideration in terms of remuneration because of the greater time commitment these positions entail. The Articles of Incorporation of BMW AG also take account of the requirements for the Audit Committee and its Chair. They stipulate that the Chairman of the Supervisory Board shall receive three times the amount, and each Deputy Chairman twice the amount, of remu- neration paid to a Supervisory Board member who has no addi- tional remuneration-relevant functions. The Chair of the Audit Committee receives two-and-a-quarter times the amount, the Chairs of other Supervisory Board committees twice the amount, each member of the Audit Committee twice the amount, and each member of another committee one-and-a-half times the amount of the remuneration paid to a Supervisory Board mem- ber, provided the relevant committee convened on at least three days during the financial year. If a member of the Supervisory Board exercises more than one of the functions referred to above, their remuneration is measured only on the basis of the function receiving the highest amount. In the event of changes in the composition of the Supervisory Board during the year, or if additional remuneration-relevant functions are performed, remuneration is calculated on a pro rata basis. In addition, each member of the Supervisory Board receives an attendance fee of € 2,000 per meeting for each meeting of the Supervisory Board (plenary) in which he or she participates. This also applies to participation by telephone or video link. If they at- tend more than one meeting on the same day, the meetings are not remunerated separately. A continuous session on two con- secutive days is treated as one session. The remuneration and the attendance fee are only paid after the end of the respective financial year. Furthermore, the Company reimburses each member of the Supervisory Board for their rea- sonable expenses. In order to be able to perform his duties, the Chairman of the Supervisory Board is provided with secretariat and chauffeur services. 3. Remuneration granted and owed to members of the Supervisory Board pursuant to § 162 of the German Stock Corporation Act (AktG) The following table shows the remuneration granted and owed to the members of the Supervisory Board in the 2024 financial year in accordance with § 162 (1) Sentence 1 AktG. The activity on which the remuneration for the 2024 financial year is based was fully performed by the balance sheet date. Therefore, the re- muneration for the Supervisory Board activities is classified as granted for the 2024 financial year, even if the payment was made after the end of the 2024 financial year. Overview of remuneration of the members of the Supervisory Board¹ Factor Amount in € p.a.3 Member of Supervisory Board 1.00 200,000 Chairman Supervisory Board 3.00 600,000 Deputy Chairman Supervisory Board 2.00 400,000 Chairman of the Audit Committee2 2.25 450,000 Chairman of other committee2 2.00 400,000 Member of the Audit Committee2 2.00 400,000 Member of other committee2 1.50 300,000 1 If a Supervisory Board member performs more than one of the functions referred to above, their remuneration is measured only on the basis of the function that is remunerated with the highest amount. 2 Provided that the committee has met on at least three days during the financial year. 3 Plus an attendance fee of € 2,000 per plenary session.