Annual report 2008 - Altarea Cogedim
Annual report 2008 - Altarea Cogedim
Annual report 2008 - Altarea Cogedim
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Table 1 – Summary of remuneration, stock options and performance shares granted to the executive offices<br />
Name and position<br />
2007 <strong>2008</strong><br />
ALTAFINANCE<br />
& Alain Taravella<br />
ALTAFINANCE<br />
& Alain Taravella<br />
ALTAFINANCE 2<br />
& Alain Taravella<br />
Co-Managers* Co-Managers* Co-Managers*<br />
Remuneration due for the year (details in table 2 below) € 6,034,000 € 1,256,000 € 2,923,000<br />
Value of stock options granted in the year (details in table 4 below) 0 0 0<br />
Value of performance shares granted in the year (see table 6 below) 0 0 0<br />
Total € 6,034,000 € 1,256,000 € 2,923,000<br />
* The remuneration is received in full by Altafinance 2. Alain Taravella does not receive any remuneration directly from ALTAREA and is paid by Altafinance 2, a company<br />
that does not control ALTAREA within the meaning of the provisions of article L 233-3-I of the French Commercial Code.<br />
Table 2 – Summary of remuneration paid to the executive officers<br />
1 - Name and position of executive officer: Altafinance 2007 <strong>2008</strong> (until 31 March <strong>2008</strong> **)<br />
In respect of its service<br />
provision agreement<br />
In respect of its office<br />
as Manager<br />
In respect of its service<br />
provision agreement<br />
In respect of its<br />
office as Manager<br />
Fixed remuneration 1,146 1,000 0 505<br />
Variable remuneration 2,840 1,048 482 269<br />
Exceptional remuneration 0 0 0 0<br />
Directors’ fees 0 0 0 0<br />
Benefits 0 0 0 0<br />
TOTAL 3,986 2,048 482 774<br />
2 - Name and position of executive officer: Altafinance 2 2007 <strong>2008</strong> (as of 1 April <strong>2008</strong> **)<br />
In respect of its service<br />
provision agreement<br />
In respect of its office<br />
as Manager<br />
In respect of its service<br />
provision agreement<br />
In respect of its<br />
office as Manager<br />
Fixed remuneration N/A ** N/A ** 0 1,297<br />
Variable remuneration N/A ** N/A ** 370 1,256<br />
Exceptional remuneration N/A ** N/A ** 0 0<br />
Directors’ fees N/A ** N/A ** 0 0<br />
Benefits N/A ** N/A ** 0 0<br />
TOTAL N/A * N/A * 370 2,553<br />
* The remuneration paid as of <strong>2008</strong> to Jacques Nicolet, Chairman of the Supervisory Board, is deducted from the Managers’ fixed remuneration.<br />
** Altafinance 2 was appointed Manager on 31 March <strong>2008</strong> to replace Altafinance.<br />
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