sain t-gobain annu al report 2008 annual report

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Other directorships and positions held by members of the Compagnie de Saint-Gobain Board of Directors 94 Director’s name and current main position (as of March 1, 2009) Jean-Louis BEFFA Chairman of the Board of Directors of Compagnie de Saint-Gobain Isabelle BOUILLOT Chairman of China Equity Links Gianpaolo CACCINI Chairman of Assovetro (Italian glass manufacturers’ association) Pierre-André de CHALENDAR Chief Executive Officer of Compagnie de Saint-Gobain Robert CHEVRIER Chairman of Société de Gestion Roche Inc. 2008 2007 2006 2005 2004 • Chairman of the Board of Directors of Compagnie de Saint-Gobain • Vice-Chairman of the Board of Directors of BNP Paribas • Director of GDF Suez and Groupe Bruxelles Lambert • Member of the Supervisory Board of Siemens AG, Le Monde S.A. and Société Éditrice du Monde S.A. • Chairman of Claude Bernard Participations SAS • Member of the Supervisory Board of Le Monde Partenaires SAS • Within the Saint-Gobain Group, Director of Saint-Gobain Corporation and Saint-Gobain Cristaleria, • Co-Chairman of Centre Cournot pour la Recherche en Économie and Vice-Chairman of the Supervisory Board of Fonds de Réserve des Retraites • Chairman of China Equity Links • Director of Accor and Umicore • Managing Partner of IB Finance • Chairman of Assovetro (Italian glass manufacturers’ association) • Director of Nexans, JM Huber Corp. and Saint-Gobain Corporation • Chief Executive Officer of Compagnie de Saint-Gobain • Within the Saint-Gobain Group, Director of Saint-Gobain Corporation and SG Distribution Nordic AB. • Chairman of Société de Gestion Roche Inc. • Chairman of the Board of Directors of Richelieu Hardware Ltd. • Chairman of the Board and member of the Audit Committee of The Pension Fund Society of the Bank of Montreal • Lead director of CGI Inc. and Cascades Inc. • Chairman of the Audit Committee of Cascades Inc. and Addenda Capital Inc. • Chairman of the Board of Directors of Compagnie de Saint-Gobain • Vice-Chairman of the Board of Directors of BNP Paribas • Director of Gaz de France and Groupe Bruxelles Lambert • Member of the Supervisory Board of Le Monde S.A. and Société Éditrice du Monde S.A. • Chairman of Claude Bernard Participations SAS • Member of the Supervisory Board of Le Monde Partenaires SAS • Within the Saint-Gobain Group, permanent representative of the company on the Board of Directors of Saint-Gobain PAM • Director of Saint-Gobain Cristaleria and Saint- Gobain Corporation • Co-Chairman of Centre Cournot pour la Recherche en Économie and Vice-Chairman of the Supervisory Board of Fonds de Réserve des Retraites • Chairman of China Equity Links • Director of Accor and Umicore • Managing Partner of IB Finance • Chairman of Assovetro (Italian glass manufacturers’ association) • Director of Nexans, JM Huber Corp., Nybron and Saint-Gobain Corporation • Chief Operating Officer of Compagnie de Saint-Gobain then Chief Executive Officer • Director of Saint-Gobain Corporation and SG Distribution Nordic AB. • Chairman of the Board of Directors of Richelieu Hardware Ltd. • Chairman of the Board and member of the Audit Committee of The Pension Fund Society of the Bank of Montreal • Lead director of CGI Inc. and Cascades Inc. • Chairman of the Audit Committee of Cascades Inc. and Addenda Capital Inc. • Chairman of the Audit Committee of Transcontinental Inc. • Member of the Audit Committee and the Human Resources Committee of CGI Inc. • Chairman & Chief Executive Officer of Compagnie de Saint-Gobain • Vice-Chairman of the Board of Directors of BNP Paribas • Director of Gaz de France and Groupe Bruxelles Lambert • Member of the Supervisory Board of Le Monde S.A. and Société Éditrice du Monde S.A. • Chairman of Claude Bernard Participations SAS • Member of the Supervisory Board of Le Monde Partenaires SAS • Within the Saint-Gobain Group, permanent representative of the company on the Board of Directors of Saint-Gobain PAM • Director of Saint-Gobain Cristaleria and Saint- Gobain Corporation • Chairman of the Supervisory Board of Agence de l’Innovation Industrielle • Co-Chairman of Centre Cournot pour la Recherche en Économie and Vice-Chairman of the Supervisory Board of Fonds de Réserve des Retraites • Chairman of China Equity Links • Managing Partner of IB Finance • Director of Accor and Umicore • Chairman of Assovetro (Italian glass manufacturers’ association) • Former Chief Operating Officer of Compagnie de Saint-Gobain • Director of Nexans, JM Huber Corp., Nybron and Saint-Gobain Corporation • Chief Operating Officer of Compagnie de Saint-Gobain • Director of Saint-Gobain Corporation, SG Aldwych, BPB and SG Distribution Nordic AB. • Chairman & Chief Executive Officer of Compagnie de Saint-Gobain • Vice-Chairman of the Board of Directors of BNP Paribas • Director of Gaz de France and Groupe Bruxelles Lambert • Member of the Supervisory Board of Le Monde S.A. and Société Éditrice du Monde S.A. • Chairman of Claude Bernard Participations SAS • Member of the Supervisory Board of Le Monde Partenaires SAS • Within the Saint-Gobain Group, permanent representative of the company on the Board of Directors of Saint-Gobain PAM • Director of Saint-Gobain Cristaleria and Saint- Gobain Corporation • Chairman of the Supervisory Board of Agence de l’Innovation Industrielle, co-Chairman of Centre Cournot pour la Recherche en Économie and Vice-Chairman of the Supervisory Board of Fonds de Réserve des Retraites • Managing Partner of IB Finance • Director of Accor and Umicore • Director of Nexans, JM Huber Corp., Saint-Gobain Corporation • Chairman of Assovetro (Italian glass manufacturers’ association) • Chairman & Chief Executive Officer of Compagnie de Saint-Gobain • Vice-Chairman of the Board of Directors of BNP Paribas • Director of Gaz de France and Groupe Bruxelles Lambert • Member of the Supervisory Board of Le Monde S.A. and Société Éditrice du Monde S.A. • Chairman of Claude Bernard Participations SAS • Member of the Supervisory Board of Le Monde Partenaires SAS • Within the Saint-Gobain Group, permanent representative of the company on the Board of Directors of Saint-Gobain PAM • Director of Saint-Gobain Cristaleria and Saint- Gobain Corporation • Co-Chairman of Centre Cournot pour la Recherche en Économie and Vice-Chairman of the Supervisory Board of Fonds de Réserve des Retraites • Managing Partner of IB Finance • Member of the Supervisory Board of Accor • Director of La Poste and Umicore • Director of Nexans, JM Huber Corp., Saint-Gobain Corporation • Chairman of Assovetro (Italian glass manufacturers’ association) Saint-Gobain - 2008 Annual Report
Director’s name and current main position (as of March 1, 2009) Gerhard CROMME Chairman of the Supervisory Board of ThyssenKrupp AG and Siemens Bernard CUSENIER Chief Executive Officer of SG Ecophon SA and Chief Operating Officer of SG Eurocoustic Jean-Martin FOLZ Chairman of AFEP Bernard GAUTIER Member of the Managing Board of Wendel Yuko HARAYAMA Professor at Tohoku University (Japan) Sylvia JAY Vice Chairman of L’Oréal UK Ltd 2008 2007 2006 2005 2004 • Chairman of the Supervisory Board of ThyssenKrupp AG • Member of the Supervisory Board of Allianz SE and Axel-Springer AG • Chairman of the Supervisory Board of Siemens AG • Chief Executive Officer of SG Ecophon SA and Chief Operating Officer of SG Eurocoustic • Chairman of Association des Actionnaires Salariés et Anciens Salariés de Saint-Gobain, and of the Supervisory Board of the SG PEG France corporate mutual fund • Chairman of AFEP • Director of Société Générale, Alstom, Carrefour and Solvay • Member of the Supervisory Board of AXA • Member of the Managing Board of Wendel • Vice-Chairman of the Supervisory Board of Editis Holding • Director of Communication Media Partner, Stahl Holdings BV and Group BV, Winvest International SA SICAR • Legal manager of Winvest Conseil Member of the Supervisory Board of Altineis, Altineis 2, Altineis 3 Legal manager of BG Invest, BJPG Conseil, SCI La République, La Cabine Saint-Gautier • Professor at Tohoku University (Japan) • Vice Chairman of L’Oréal UK • Director of Alcatel Lucent and Lazard Limited • Chairman of Pilgrim Trust and Food from Britain • Trustee of the Entente Cordiale Scholarship Scheme, the Prison Reform Trust and The Body Shop Foundation • Chairman of the Supervisory Board of ThyssenKrupp AG and Siemens AG • Member of the Supervisory Board of Allianz SE, Axel-Springer, Deutsche Lufthansa AG and E.ON AG • Director of BNP Paribas and Suez • Chief Executive Officer of SG Ecophon SA and Chief Operating Officer of SG Eurocoustic • Chairman of Association des Actionnaires Salariés et Anciens Salariés de Saint-Gobain, and of the Supervisory Board of the SG Avenir corporate mutual fund • Chairman of the Managing Board of Peugeot S.A. • Chairman of the Boards of Directors of Automobiles Peugeot and Automobiles Citroën • Director of Société Générale, Alstom and Solvay • Member of the Supervisory Board of AXA and Carrefour • Professor at Tohoku University (Japan) • Vice Chairman of L’Oréal UK • Director of Alcatel Lucent and Lazard Limited • Chairman of Pilgrim Trust and Food from Britain • Trustee of the Entente Cordiale Scholarship Scheme, the Prison Reform Trust and The Body Shop Foundation • Chairman of the Supervisory Board of ThyssenKrupp AG • Member of the Supervisory Board of Allianz AG, Axel Springer AG, Deutsche Lufthansa AG, E. ON AG, Hochtief AG, Siemens AG and Volkswagen AG • Director of BNP Paribas S.A. and Suez S.A. • Chairman of Association des Actionnaires Salariés et Anciens Salariés de Saint-Gobain, and of the Supervisory Board of the SG Avenir corporate mutual fund • Chairman of the Managing Board of Peugeot S.A. • Chairman of the Boards of Directors of Automobiles Peugeot and Automobiles Citroën • Director of Solvay, Banque PSA Finance, Peugeot Citroën Automobiles and Faurecia • Vice Chairman of L’Oréal UK • Director of Alcatel Lucent and Lazard Limited • Chairman of Pilgrim Trust and Food from Britain • Trustee of the Entente Cordiale Scholarship Scheme and the Prison Reform Trust • Chairman of the Supervisory Board of ThyssenKrupp AG • Member of the Supervisory Board of Allianz AG, Axel Springer AG, Deutsche Lufthansa AG, E. ON AG, Hochtief AG, Siemens AG and Volkswagen AG • Director of BNP Paribas S.A. and Suez S.A. • Chairman of the Managing Board of Peugeot S.A. • Chairman of the Boards of Directors of Automobiles Peugeot and Automobiles Citroën • Director of Solvay, Banque PSA Finance, Peugeot Citroën Automobiles and Faurecia • Vice Chairman of L’Oréal UK • Director General of the British Food and Drink Federation (until August 2005) • Lay member of the Procedures and Disciplinary Committee of the General Council to the Bar, Industrial Governor of the British Nutrition Foundation, Chairman of the Pilgrim Trust, member of the Franco-British Council and Trustee of the Entente Cordiale Scholarships Scheme • Chairman of the Managing Board of Peugeot S.A. • Chairman of the Boards of Directors of Automobiles Peugeot and Automobiles Citroën • Director of Solvay, Banque PSA Finance, Peugeot Citroën Automobiles and Faurecia • Director General of the British Food and Drink Federation • Director of Carrefour • Lay member of the Procedures and Disciplinary Committee of the General Council to the Bar, Industrial Governor of the British Nutrition Foundation, Chairman of the Pilgrim Trust and Trustee of the Entente Cordiale Scholarships Scheme, member of the Council of Food from Britain and of the Franco-British Council MANAGEMENT REPORT 95 Saint-Gobain - 2008 Annual Report
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2008 annual report
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Contents 05 • Strategy and busine
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3 STRATEGY AND BUSINESSES Jean-Loui
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Strategy and Businesses of Saint-Go
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Responding to recession by demonstr
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The High-Performance Materials Divi
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High-Performance Materials Business
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Insulation products are made from m
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Construction Products Businesses an
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Finland, Estonia, Lithuania and Pol
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ecovered glass can be recycled inde
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The “Germ-free Surfaces” progra
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24 2008 results dampened by the fin
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holders of the parent contracted 7.
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28 2008 business review 2008 sales
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30 The Division also continued to e
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32 In the Nordic countries, Dahl de
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Sustainable development 34 Sustaina
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Environment Challenges Action taken
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38 I. Products and services contrib
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40 Sun Saint-Gobain is a major supp
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42 a British trade association that
Page 46 and 47: 44 Mobilizing resources to deploy t
Page 48 and 49: 46 EHS auditors are drawn from a po
Page 50 and 51: 48 Lastly, we make every effort to
Page 52 and 53: To help them to implement the plan,
Page 54 and 55: 52 Wood dust is primarily an issue
Page 56 and 57: 54 BRØDRENE DAHL’S PROGRAM FOR R
Page 58 and 59: 56 2008-2010 OBJECTIVE Saint-Gobain
Page 60 and 61: 58 warehouses and other similar spa
Page 62 and 63: product developed in 2006 by Lapeyr
Page 64 and 65: 62 Internships during a student’s
Page 66 and 67: 64 Geographical and job mobility is
Page 68 and 69: 66 SAINT-GOBAIN AND THE BROAD-BASED
Page 70 and 71: 68 Honest, open, high quality socia
Page 72 and 73: 70 Construction Products The Constr
Page 74 and 75: 72 IV. Values supporting responsibl
Page 76 and 77: 74 INTERNATIONAL CORPORATE FOUNDATI
Page 78 and 79: 76 In countries facing certain soci
Page 80 and 81: 78 for example, 91% of the Group’
Page 82 and 83: ENVIRONMENTAL INDICATORS 2007 2008
Page 84 and 85: Trading volume since September 2007
Page 86 and 87: Trading volume since September 2007
Page 88 and 89: Changes in capital over the last fi
Page 90 and 91: 88 The decision to grant stock opti
Page 92 and 93: Information Policy and 2009 Financi
Page 94 and 95: 92 Yuko HARAYAMA Professor at Tohok
Page 98 and 99: 96 Director’s name and current ma
Page 100 and 101: 98 • Committees of the Board. Thr
Page 102 and 103: 100 The Committee’s remit, as def
Page 104 and 105: • The Annual General Meeting of J
Page 106 and 107: 4. Stock options granted to the Cha
Page 108 and 109: 106 Management compensation In Grou
Page 110 and 111: Fees paid by the Group to the Audit
Page 112 and 113: 110 Related party agreements Relate
Page 114 and 115: 112 The audits are based on a 20-st
Page 116 and 117: 114 being applied. The TAS framewor
Page 118 and 119: Statutory Auditors’ report Prepar
Page 120 and 121: Commitment concerning the payment o
Page 122 and 123: 120 Restructuring risks The Group h
Page 124 and 125: 122 • Volumes are not material, o
Page 126 and 127: 124 or any specific illness or phys
Page 128 and 129: The level of coverage is considered
Page 130 and 131: Consolidated balance sheet at 31 De
Page 132 and 133: Consolidated income statement (in
Page 134 and 135: Statement of recognized income and
Page 136 and 137: Notes to the consolidated financial
Page 138 and 139: 136 Non-current assets held for sal
Page 140 and 141: 138 asset’s fair value less costs
Page 142 and 143: 140 Fair value of financial instrum
Page 144 and 145: 142 Other business income and expen
Page 146 and 147:
2006 In 2005, the Group acquired th
Page 148 and 149:
NOTE 4 Other intangible assets Pate
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NOTE 6 Investments in associates (i
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150 NOTE 8 Inventories Dec. 31, Dec
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Movements relating to stock options
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The plan costs are calculated under
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The following tables show the funde
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Actuarial assumptions used to measu
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The effective tax rate paid by the
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Provisions for claims and litigatio
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isks is hedged wherever possible wi
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Bond issues On June 13, 2008, Saint
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NOTE 19 Financial instruments Deriv
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NOTE 21 Business income by expense
Page 174 and 175:
The weighted average number of shar
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174 In addition, as of December 31,
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NOTE 28 Related-party transactions
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Innovative Construction Building Pa
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Information by geographic area Fran
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182 Principal fully consolidated co
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II - Justification of our assessmen
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Income statement at December, 31 (i
Page 190 and 191:
Balance sheet at December, 31 ASSET
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Cash flow statement (in € thousan
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Risk management/Financial instrumen
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NOTE 5 Intangible assets Intangible
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Changes in Compagnie de Saint-Gobai
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Grant stock options exercisable for
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9.4 Compagnie de Saint-Gobain Group
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NOTE 12 Debt and payables Total deb
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12.1 Perpetual bonds In 1985, Compa
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NOTE 14 Investment portfolio Countr
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COMPANIES Capital Reserves % Book v
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NOTE 18 Fees paid to the Statutory
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Asbestos-related litigation in Braz
Page 216 and 217:
Statutory Auditors’ report on the
Page 218 and 219:
Main subsidiaries by country and de
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Saint-Gobain Vetrotex Deutschland G
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Saint-Gobain Construction Products
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Saint-Gobain Building Distribution
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Subsidiaries: Saint-Gobain Technica
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CHINA €1 = CNY 10.227 Saint-Gobai
Page 230 and 231:
Table of concordance 1 Person respo
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COMPAGNIE DE SAINT-GOBAIN France He
Page 234 and 235:
Notes 232 Saint-Gobain - Financial
Page 236:
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