ANNUAL REPORT 2008/09 - Sonova

Compensation to the Management Board
The total compensation to the Management Board consists of a fi xed and a variable salary, fringe benefi ts,
social benefi ts (employer’s contribution) and participation in the Executive Equity Award Plan (solely with
entitlement to receive warrants/options).
The following table shows the compensation granted to the CEO (highest compensation) and the other
members of the Management Board in the year under review and in the previous year:
in CHF 2008/09
Fixed
salary
Variable
salary 1)
120 FINANCIAL STATEMENTS OF SONOVA HOLDING AG
Fringe
benefi ts
Social benefi ts
(employer’s
contribution) 2)
Total cash
compensation
1)/2)
Value of
warrants 3) /
options
Number of
warrants 3) /
options
Total
compensation 2)
Dr. Valentin Chapero Rueda, CEO
Other members of the
1,156,680 887,199 16,000 271,865 2,331,744 2,403,200 160,000 4,734,944
Management Board 2,520,804 1,020,126 220,612 619,864 4,381,406 2,338,935 5,275,000 6,720,341
2,338,935/ 5,275,000/
Total 3,677,484 1,907,325 236,612 891,729 6,713,150 2,403,200 160,000 11,455,285
in CHF 2007/08
Fixed
salary
Variable
salary 1)
Fringe
benefi ts
Social benefi ts
(employer’s
contribution) 2)
Total cash
compensation
1)/2)
Value of
warrants 3) /
options
Number of
warrants 3) /
options
Total
compensation 2)
Dr. Valentin Chapero Rueda, CEO 1,071,000 1,105,526 16,000 870,201 3,062,727 3,062,727
Other members of the
3,950,000/ 3,950,000/
Management Board
2,680,123 1,179,563 243,679 677,003 4,780,368 1,274,400 70,000 10,004,768
3,950,000/ 3,950,000/
Total 3,751,123 2,285,089 259,679 1,547,204 7,843,095 1,274,400 70,000 13,067,495
1) The variable salary will be paid out after the end of the reporting year.
2) Including social security contributions on the tax value of options exercised during the reporting period.
3) Exercise ratio between warrants and options: 25:1 (see also Note 30 in the consolidated fi nancial statements).
Additional payments to members of the Board of Directors and the Management Board
Neither in the reporting period nor in the previous year were fees paid for additional services on top of
the ordinary compensation, any loans awarded or guarantees given to members of the Board of Directors or
the Management Board and persons closely linked to them.