Compensation report

• Report outlines the compensation system for the Managing Board and Supervisory Board
• Presentation of structure, composition and amount of the compensation components
• Compensation report aligned to the recommendations of the German Corporate Governance Code

This compensation report forms a component of the audited, combined management report. It describes the main features of the compensation system for the Managing Board and Supervisory Board of HUGO BOSS AG. It also presents the structure, composition and amount of the compensation system. The report is based on the recommendations of the German Corporate Governance Code (GCGC) in the version of December 16, 2019 and contains disclosures based on the requirements of German Accounting Standard (GAS) 17, the HGB [“Handelsgesetzbuch”: German Commercial Code] and the International Financial Reporting Standards (IFRS). The quantitative disclosures pursuant to IAS 24 and IFRS 2 are presented in the Notes to the Consolidated Financial Statements.