Magna International Inc. - OMEGA

HUMAN RESOURCES
As at December 31, 2001, we employed approximately 64,000 automotive employees, including approximately 19,500 in Canada,
23,100 in Europe, 11,650 in the United States, 8,800 in Mexico, 900 in Asia and 250 in South America.
Human Resources Principles
Employee Equity Participation and Profit Sharing Program
Since 1975, we have maintained a deferred profit sharing plan to foster participation in profits and share ownership by our
eligible employees. Prior to 2001, our Corporate Constitution required that 10% of our employee pre-tax profits before profit sharing
(as defined in our Corporate Constitution) for a fiscal period be allocated to an employee equity participation and profit sharing
plan, consisting of the Magna (including Intier), Decoma and Tesma deferred profit sharing plans and a cash distribution to
eligible employees of the respective companies. During 2001, we amended our Corporate Constitution, as did Decoma and Intier,
to allow for the introduction of defined benefit pension plans in addition to the employee equity participation and profit sharing
plan. All employees that participate in the employee equity participation and profit sharing plan were, and all new employees are,
given the option of continuing in the employee equity participation and profit sharing plan, or receiving a reduced entitlement
under such plan (6% rather than 10%) plus a defined benefit pension. See “ITEM 8. CORPORATE CONSTITUTION - Employee
Equity Participation and Profit Sharing Programs”.
Management Incentive Compensation
We believe that profit participation motivates members of management. Accordingly, our management compensation structure
consists of a base salary (which in most instances is relatively low compared to industry norms) and an incentive bonus. Our
Corporate Constitution provides that aggregate incentive bonuses for eligible members of our management in any financial year
will not exceed 6% of our pre-tax profits (as defined in the Corporate Constitution) before profit sharing for that financial year. See
“ITEM 8. CORPORATE CONSTITUTION - Incentive Bonuses; Management Base Salaries”.
Employee Charter
We are committed to an operating philosophy based on fairness and concern for people. Accordingly, we have adopted an
Employee Charter which includes the following principles:
• job security;
• a safe and healthful workplace;
• fair treatment/equal employment opportunities;
• competitive wages and benefits;
• employee equity and profit participation;
• communication and information with respect to occurrences within Magna and in the industry;
• an employee hotline; and
• an employee relations advisory board to monitor, advise and ensure that we operate within the spirit of our Employee
Charter and Corporate Constitution.
Human Resources Policies
In furtherance of our commitment to fairness, as demonstrated in our Employee Charter, we have established Fairness
Committees in most of our North American manufacturing facilities which enable employees to have many of their concerns
21