Integrated Report 2023

35.4. Remuneration of the Group key management staff

The Group key management staff include: members of the Supervisory Board and members of the Management Board of the parent company.

Management Board: 2023 2022
Fixed remuneration at the parent company* 3,289 2,978
Variable remuneration at the parent company** 7,975 7,124
In kind benefits**** 19 18
Total remuneration of the Management Board at Grupa Kęty S.A. 11,283 10,120
Remuneration at other Group companies*** 1,253 1,396
Total remuneration of the Management Board 12,536 11,516
* Fixed remuneration comprises: basic remuneration under employment contract, and remuneration for appointment among the Management Board members.
** Variable remuneration comprises: annual incentive paid in the respective year in reference to the preceding year.
*** Fixed remuneration at other companies of the Capital Group comprises: basic remuneration under employment contract, remuneration for appointment among the Management Board members, variable remuneration, sick-leave remuneration, and in-kind benefits.
**** In-kind benefits comprise: Employee Pension Scheme (PPE) premium, health-care premium.

Moreover, within 12 months ended 31 December 2023, a provision was established for the potential incentives for the Management Board Members in reference to 2023, to be paid out in 2024, in the total amount of PLN 9,412,000 (2023: PLN 8,912,000).

Supervisory Board: 2023 2022
Remuneration for functions fulfilled 1,328 1,139
In kind benefits* 13 9
Total 1,341 1,148
* In-kind benefits comprise Employee Capital Plans (PPK).
35.3. Other transactions with members of the Management Board
35.5. Participation of key management staff in the employee share plan