APC 2012 Annual Report Download - page 262

2012 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC260
GENERAL PRESENTATION OF SCHNEIDER ELECTRICSA
7EMPLOYEE PROFIT-SHARING — STOCKOWNERSHIP
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5. Employee profit-sharing —
stockownership
Profit-sharing plans
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) 2012 2011 2010 2009 2008
Profi t-based incentive plans and profi t-sharing plans 50.9 59.9 56.5 48.5 69.7
In2012, almost 63% of the total from incentives and profi t-sharing was invested in the Schneider Electric shareholder fund and nearly 15%
was cashed in by employees.
The “Schneider Electric” employee shareholding
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 aligning
the interests of the employees and the Company. In countries
where regulations permit, Schneider Electric offers its employees
the opportunity to invest during share capital increases reserved to
its employees.
The Group’s last share capital increase reserved to its employees
took place in July 2012. This resulted in a subscription of
3,5million shares.
At December 31, 2012, employees held a total of 24,652,612
Schneider ElectricSA shares through the corporate mutual funds or
directly, representing 4,44% of the capital and 6,77% of the voting
rights, taking into account double voting rights.
Voting rights attached to shares held by FCPEs are exercised by the
Supervisory Boards of the FCPEs.
The Group’s employee shareholders are broken down as follows:
41% in France, 13% in the United States and 46% internationally.
More than 35% of our employees are shareholders of the Group.
They are spread among nearly 60countries.
Profit sharing bonus
In2012, employees of French entities received a EUR100 payment
as a profi t sharing bonus. This bonus benefi tted from a 100 %
matching contribution when allocated to the shareholder fund.