21.11.2012 Views

Our performance in 2009 - Sappi

Our performance in 2009 - Sappi

Our performance in 2009 - Sappi

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

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

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!