MICHELIN - 2008 ANNUAL REPORT

KEY MANAGEMENT AND SUPERVISORY BOARD
The Managing General Partner received in 2008, in connection with financial year 2007, an aggregate amount of
EUR 5.3 million, proportional to and dependent upon profit (2007 in connection with 2006: EUR 4.2 million).
The benefits costs, including social contributions, of the non-general Managing Partners in 2008 were EUR 1.8 million (2007: EUR
1.4 million). They are broken down as follows:
short term benefits EUR 1.6 million (2007: EUR 1.2 million)
post employment benefits EUR 0.1 million (2007: EUR 0.1 million)
share based payments EUR 0.1 million (2007: EUR 0.1 million)
They do not include those received as members of the Group Executive Council until 11 May 2007.
The benefits costs, including social contributions, of the members of the Group Executive Council in 2008 were EUR 7.6 million (2007:
EUR 6.8 million). They are broken down as follows:
short term benefits EUR 6.7 million (2007: EUR 5.3 million)
post employment benefits EUR 0.4 million (2007: EUR 0.6 million)
share based payments EUR 0.5 million (2007: EUR 0.9 million)
They include those related to the non-general Managing Partners until 11 May 2007.
The following fees were paid in 2008 (for services rendered in 2007) to the Supervisory Board members: EUR 0.3 million (2007 for
services rendered in 2006: EUR 0.3 million).
34 Events after the balance sheet date
The assets and liabilities values at the balance sheet date are adjusted, if needed, up to the date the Supervisory Board has authorized
for issue the 2008 consolidated financial statements.
136 2008 Consolidated Financial Statements of Michelin Group