As an investment company, DSC Deutsche SachCapital GmbH (DSC) is subject to the requirements of the German Investment Code (Kapitalanlagegesetzbuch - KAGB). Section 37 of the German Investment Code comprises regulations on the remuneration systems for the remuneration of managing directors, employees whose activities have a significant impact on the risk profile of the investment company or managed investment funds (risk bearers), employees with supervisory functions and all employees receiving total remuneration which places them in the same income group as managing directors or risk bearers.
The remuneration policy must be compatible with and conducive to solid and effective fund and risk management. In addition, it must not encourage individuals to take risks that are incompatible with risk profiles, contractual terms, statutes and investor interests. It must prevent employees from being inclined to take excessive risks that are contrary to the investor interests. At the same time, the remuneration policy must be consistent with the business strategies, goals, values and interests of the investment company, AIFs managed by the company or investors in such AIFs, and must also include measures to prevent conflicts of interest. Variable remuneration at Deutsche SachCapital is not guaranteed and is always granted on a performance basis in line with the achievement of individually agreed goals.
The general principles of the remuneration model of DSC are aimed at all the employees of the investment company. The company's management is in charge of monitoring and complying with the remuneration model. The Supervisory Board bears responsibility for compliance with the remuneration system at the management level and in the areas of risk management and compliance. A remuneration committee was not formed based on the principle of proportionality.
The remuneration system is reviewed every year.