sain t-gobain annu al report 2008 annual report

• The Annual General Meeting of June 5, 2008 also approved
the Board’s decision to allow Pierre-André de Chalendar,
following his appointment as Chief Executive Officer, to
continue to be covered by the pension plan available to him
before he became a corporate officer. In line with this
decision and with the 1972 management pension plan rules,
his term as Chief Executive Officer will be added to his
pensionable years of service, which will be calculated from
October 1, 1989, corresponding to the date when he joined
the Group. His pension will be based on his fixed
compensation for his final year of service. In 2008,
Pierre-André Chalendar continued to have access to up
to 25 hours of support a year under a Group contract with
an executive career management and support services
company.
The Annual General Meeting of June 5, 2008 also approved
the commitment given by the Board to pay compensation
for loss of office to Pierre-André Chalendar in the event that
his appointment is not renewed or he is removed from office
other than as a result of serious professional misconduct.
• Jean-Louis Beffa and Pierre-André de Chalendar each have
the use of a chauffeur-driven company car.
• They do not receive any Directors’ attendance fees
from any Saint-Gobain Group company.
Application of AFEP-MEDEF recommendations of October 6,
2008 concerning corporate officers who continue to have an
employment contract and termination benefits awarded to
corporate officers will be examined when the Chief Executive
Officer’s term comes up for renewal in 2010, as provided for in
the recommendations.
1. Total compensation and stock options awarded to the Chairman and the Chief Executive Officer
(in euros) 2007 2008
Jean-Louis BEFFA Chairman of the Board of Directors
Compensation for the year (see Table 2 for details) 1,226,000 1,052,036
Value of stock options granted during the year (see Table 4 for details) 1,216,000 457,500
Value of performance share grants for the year (see Table 6 for details) 0 0
Total 2,442,000 1,509,536
Pierre-André de CHALENDAR Chief Executive Officer
Compensation for the year (see Table 2 for details) 1,168,133 1,282,607
Value of stock options granted during the year (see Table 4 for details) 2,432,000 1,067,500
Value of performance share grants for the year (see Table 6 for details) 0 0
Total 3,600,133 2,350,107
2. Compensation and benefits awarded to the Chairman and the Chief Executive Officer
(in euros) 2007 2008
102
Jean-Louis BEFFA Chairman of the Board of Directors Amount due Amount paid Amount due Amount paid
Fixed compensation 713,418 713,418 613,848 613,848
Variable bonus 430,468 614,000 350,000 760,468
Exceptional bonus 0 0 0 0
Directors’ attendance fees 0 0 0 0
Benefits in kind: - Accommodation
- Company car
80,620
1,494
80,620
1,494
86,160
2,028
Total 1,226,000 1,409,532 1,052,036 1,462,504
86,160
2,028
Pierre-André de CHALENDAR Chief Executive Officer Amount due Amount paid Amount due Amount paid
Fixed compensation 705,951 705,951 800,034 800,034
Variable bonus 458,750 845,000 480,000 458,750
Exceptional bonus 0 0 0 0
Directors’ attendance fees 0 0 0 0
Benefits in kind: - Accommodation
- Company car 3,432 3,432 2,573 2,573
Total 1,168,133 1,554,383 1,282,607 1,261,357
Saint-Gobain - 2008 Annual Report