Financial Report and Registration Document 2010 - Groupe Seb

6 EMPLOYEE
ADDITIONAL INFORMATION
SHAREHOLDING
EMPLOYEE SHAREHOLDING
STAFF MUTUAL INVESTMENT FUND AND DIRECT EMPLOYEE
SHAREHOLDING
At 31 December 2010, employees of the Group’s companies held 963,000
shares as part of a Company savings scheme via an employee mutual
investment fund, amounting to 1.93% of share capital and 2.61% of voting
rights. With the addition of directly-owned shares, employees held a total
of 2.98% of share capital and 3.80% of voting rights.
BONUS AND PROFIT-SHARING SCHEMES
To attract competent and career-oriented employees at all levels and in
addition to its dynamic salary and career management policies, Groupe SEB
has always pursued an active policy of employee shareholding and staff
participation in profits, through:
an exceptional Group profit-sharing agreement which involves employee
shareholding and profit sharing with significantly more interesting terms
compared to the legal scheme. Depending on the year, the exceptional
part represents between 2 and 4 times the legal amount of profit-sharing;
a Group bonus scheme agreement, based on a scheme stipulated by law
but which is discretionary. This Corporate level agreement allows a fair
distribution of the sums from the bonus scheme between the employees
of the different companies regardless of their business sector and its
performance.
In 2010, charges recognised for bonus and profit-sharing schemes amounted
to €50.3 million.
Over the past five years, the sums assigned were as follows:
(in € millions) 2010 2009 2008 2007 2006 2005
50.3* 33.5* 38.2* 33.3 25.7 29.2
* Of which €2.9 million of social tax in 2010, €1.3 million in 2009 and €0.7 million in 2008.
156 FINANCIAL REPORT AND REGISTRATION DOCUMENT 2010 GROUPE SEB