APC 2011 Annual Report Download - page 250

248 2011 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC
GENERAL PRESENTATION OF SCHNEIDERELECTRICSA
7EMPLOYEE PROFIT-SHARING, STOCK OWNERSHIP
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5. Employee profit-sharing, stock
ownership
Profit-sharing plans
Schneider Electric employees are the drivers of company growth.
They are the main force behind the Group with their knowledge of
the business and their involvement in the roll-out of Group strategy.
By linking employees to its capital, Schneider Electric allows
them to profi t from value creation other than by their salary, thus
bringing together the interests of the employees and the Company.
In countries where regulations permit, Schneider Electric offers
its employees the opportunity to invest to restricted share capital
increases.
The Group’s last employee share issue took place in July 2011.
Thisresulted in a subscription of 1.9million shares.
At December 31, 2011, employees held a total of 25,001,870
Schneider ElectricSA shares through the corporate mutual funds or
directly, representing 4.55% of the capital and 7.06% of the voting
rights, taking into account double voting rights.
Voting rights attached to shares held by corporate mutual funds are
exercised by the Supervisory Boards of the funds.
The Group’s employee shareholders are broken down as follows:
47% in France, 13% in the United States and 40% internationally,
including China, India, Brazil and Russia. More than 30% of
our employees are Group shareholders and are spread over
60countries.
Profit sharing bonus
In 2011, employees of French entities received a EUR200 payment
as a profi t sharing bonus. This bonus benefi tted from a 50%
matching contribution when allocated to the Shareholder fund.
Most of the Group’s French companies have profi t-sharing and other profi t-based incentive plans.
The amounts paid by the Group’s French entities over the last fi ve years were:
(inmillions of euros) 2011 2010 2009 2008 2007
Profi t-based incentive plans and profi t-sharing plans 59.9 56.5 48.5 69.7 64.8
Almost 55% of the total from incentives and profi t-sharing was invested in the Schneider Electric shareholder funds and nearly 24% was
cashed in by employees.
The “Schneider Electric” employee shareholding