APC 2009 Annual Report Download - page 91

2009 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 89
CORPORATE GOVERNANCE
3
MANAGEMENT INTERESTS ANDCOMPENSATION
Compensation of the Supervisory
Board members
Compensation of the Chairman of the
Supervisory Board
Based on the recommendation of the Remunerations and
Appointments & Corporate Governance Committee, at its meeting
on May3, 2006, the Supervisory Board decided to set the annual
compensation of its Chairman at EUR 500,000 not including the
attendance fees paid to Supervisory Board members.
The Chairman of the Supervisory Board does not receive any stock
options or stock grants and will not be entitled to any payment on
leaving the Board.
In 2009, Henri Lachmann was paid:
•in his capacity as Chairman of the Supervisory Board:
EUR 500,000;
•in attendance fees: EUR 60,000;
•under the Company’pension plan for senior executives:
EUR 547,817;
Mr Lachmann has a Company car and may also use the
chauffeur-driven Company cars made available to Group Senior
Management . This benefi t in kind can be estimated for the 2009
fi scal year at EUR 5,090.
Compensation of the Supervisory Board
members
The Annual Shareholders’Meeting set total attendance fees at
EUR 800,000. The Supervisory Board has decided to allocate these
fees as follows:
•board members and non-voting members resident in France
receive a basic fee of EUR 15,000 and members resident outside
France receive double this amount;
•board members receive a fee of EUR 5,000 for each meeting they
attend;
•members who sit on the Committees of the Board receive a fi xed
fee of EUR 15,000, with the Audit Committee Chairman receiving
double this amount.
On this basis, attendance fees paid in respect of 2008 and 2009 were as follows:
Attendance fees and other remuneration paid to Supervisory Board members during the year
Supervisory Board members Amounts paid for 2009 (1) Amounts paid for 2008 (1)
Henri Lachmann
Attendance fees € 65,000 € 60,000
Other
Léo Apotheker
Attendance fees € 55,000 € 40,450
Other
Claude Bébéar (2)
Attendance fees € 15,000 € 15,000
Other
Claude Briquet (3)
Attendance fees --
Other
Noël Forgeard
Attendance fees € 60,450 € 45,000
Other
Jérôme Gallot
Attendance fees € 65,000 € 55,400
Other
Willy Kissling
Attendance fees € 80,000 € 75,000
Other
Cathy Kopp
Attendance fees € 50,000 € 45,000
Other
(1) Attendance fees are paid at the beginning of the following year.
(2) Non-voting member.
(3) Claude Briquet, who has a service contract with Schneider Electric Industries SAS, waived payment of his attendance fees. Schneider Electric
will donate the amount waived for 2009 to the Schneider Electric Foundation.