APC 2005 Annual Report Download - page 49

Download and view the complete annual report

Please find page 49 of the 2005 APC annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 164

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164

47
Corporate Governance
8
Auditors
Appointed Appointment
expires
Statutory Auditors
Barbier Frinault et Autres / Ernst & Young
41, rue Ybry - 92576 Neuilly-sur-Seine Cedex
Represented by Pierre Jouanne and Christian Chochon 1992 2010
Mazars & Guérard
Le Vinci - 4 allée de l'Arche - 92075 La Défense Cedex
Represented by Jean-Louis Simon and Pierre Sardet 2004 2010
Substitute Auditors
Charles Vincensini 2004 2010
Philippe Diu 2004 2010
Compensation of Board members:
attendance fees, stock options and other
compensation
Attendance fees
At the combined Annual and Extraordinary Sharehold-
ers' Meeting of May 12, 2005, the maximum atten-
dance fees payable to Directors were set at 800,000.
The Board of Directors decided that the fees would be
allocated among Directors as follows: Each voting or
non-voting Director is awarded one full theoretical fee
(15,000). Directors who reside outside France
receive a second full fee. A variable fee (30,000) is
awarded to Directors based on their attendance record
at Board meetings. Each Director who is a member of
a Committee of the Board of Directors is paid an addi-
tional full theoretical fee (15,000). The Chairman of
the Audit Committee receives two full fees.
In application of these rules, attendance fees paid to
members of the Board for the year ended December
31, 2005 totaled 692,000.
By Director, the amount paid was as follows (in thou-
sands of euros):
C
laude Bébéar: 15 - Daniel Bouton: 35 - Thierry
Breton:
7.4 - Alain Burq: 45 - Noël Forgeard: 19.6 -
Hans Friderichs: 20.8 - Jérôme Gallot: 29.6 - Willy
R. Kissling: 75 - Cathy Kopp: 6.4 - Gérard de La
Martinière:
75 - René Barbier de La Serre: 60 -
James Ross: 70 - Chris Richardson: 50 - Piero Sierra:
70 - Caisse des Dépôts et Consignations: 15.4 -
Serge Weinberg: 38.2
(Henri Lachmann see above)
Attendance fees paid to members of the Board in 2005
for 2004 totaled 599,876. By Director, the amount
paid was as follows (in thousands of euros):
Daniel Bouton: 36.5
-
Thierry Breton: 36.5
-
Alain
Burq: none
-
Michel François-Poncet: 48.2
-
Hans
Friderichs: 45
-
James Franklin Hardymon: 15.9
-
Willy
R. Kissling: 60.3
-
Gérard de La Martinière: 70.6
-
René Barbier de La Serre: 55.3
-
James Ross: 56.7
-
Chris Richardson: 31
-
Piero Sierra: 60.3
-
Caisse des
Dépôts et Consignations: 27.7
(Henri Lachmann see above)
Other compensation
In 2005, Chris Richardson was paid consulting fees of
$100,000 by Square D and his 2004 bonus of
$195,997 for the period during which he was still
employed.
Stock options
As of January 1, 2006, Chris Richardson held 149,000
options under plans 16 through 21, of which 30,000
are contingent on Group performance targets being
met.
Regulated agreements
(See Auditors' special report). No regulated agree-
ments were entered into during 2005.
7