APC 2002 Annual Report Download - page 33

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Corporate Governance
32
Compensation of board members: attendance fees
and other compensation
At the combined Annual and Extraordinary Shareholders’
Meeting of June 11, 2001, the maximum attendance fees
payable to Directors was set at 640,000. The Board of
Directors decided that the fees would be allocated among
Directors as follows:
Each Director is awarded one half of the theoretical fee per
Director.
Each Director who is a member of one or more Committees
of the Board of Directors is awarded an additional one-half
of the theoretical fee.
The balance of the total attendance fees is then shared
among all the Directors based on the number of Board
Meetings attended during the year.
In application of these rules, attendance fees paid to members
of the Board for the year ended December 31, 2002 totaled
552,000. By Director, this amount was paid as follows
(in thousands of euros):
Claude Bébéar: 43.9 - Daniel Bouton: 32.0 -
Thierry Breton: 38.8 - Alain Burq: (none) -
Jean René Fourtou: 30.4 - Michel François-Poncet: 50.6 -
Hans Friderichs: 32.0 - James F. Hardymon: 38.8 -
Willy R. Kissling: 38.8 - Gérard de La Martinière: 54.0 -
René Barbier de La Serre: 48.9 - James Ross: 35.4 -
Piero Sierra: 54.0
Alain Burq has an employment contract with Schneider Electric
Industries SAS, through which he receives compensation
comprising a fixed salary and a variable component (bonus
and profit-linked incentive plan). He has relinquished his share
of attendance fees.