Our performance in 2009 - Sappi
Our performance in 2009 - Sappi
Our performance in 2009 - Sappi
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Executive directors (1)<br />
Details of the <strong>Sappi</strong> Limited Share Incentive Trust and the <strong>Sappi</strong> Limited Performance Share<br />
Incentive Plan can be found <strong>in</strong> note 29 to the annual f<strong>in</strong>ancial statements.<br />
Information subject to audit.<br />
Details of executive directors’ remuneration are set out below:<br />
<strong>2009</strong><br />
<strong>2009</strong> annual report 87<br />
Prior year Contributions<br />
bonuses and Sums paid under<br />
<strong>performance</strong> paid by way pension and<br />
related of expense medical aid<br />
Director Salary payments (2) allowance schemes Total<br />
US$<br />
R J Boëttger 551,185 347,548 – 171,550 1,070,283<br />
M R Thompson 261,921 102,582 357 152,230 517,090<br />
813,106 450,130 357 323,780 1,587,373<br />
Prior year Contributions<br />
bonuses and Sums paid under<br />
<strong>performance</strong> paid by way pension and<br />
related of expense medical aid<br />
Director Salary payments (2) allowance schemes Total<br />
US$<br />
R J Boëttger 669,955 204,705 – 191,327 1,065,987<br />
M R Thompson 299,113 180,552 433 99,688 579,786<br />
2008<br />
969,068 385,257 433 291,015 1,645,773<br />
(1) Executive directors are paid remuneration packages which aim to be competitive <strong>in</strong> the countries <strong>in</strong> which they live and work, and they are generally paid <strong>in</strong> the currency<br />
of those countries. Average exchange rates for the year concerned are aga<strong>in</strong> applied <strong>in</strong> the tables <strong>in</strong> convert<strong>in</strong>g the currency of payment <strong>in</strong>to US Dollars.<br />
(2) Bonuses and <strong>performance</strong> related payments are <strong>in</strong> respect of the previous year’s <strong>performance</strong> paid <strong>in</strong> the current year.<br />
governance