Richemont is one of the world's leading luxury - Alle jaarverslagen

Notes to the consolidated financial statements continued33. Related-party transactions continued(f) Key management compensation2009 2008€ m € mSalaries, short-term incentives and other short-term employee benefits 24 23Long-term employee benefits – 2Post-employment benefits 2 3Share option expense 11 1337 41Key management compensation disclosures as required by Swiss lawThe following disclosures on executive compensation are required by Swiss law. In determining the value of each component the Grouphas followed the valuation and measurement principles of International Financial Reporting. The amounts are in agreement with otherIFRS information provided in this annual report.Key management compensation for the year ended 31 March 2009Salary, short-termincentives andPostothershort-term Long-term employment Stock optionemployee benefits benefits benefits cost* Total€ € € € €Board of Directors of Compagnie Financière Richemont SAJohann Rupert Executive Chairman 2 098 794 – 1 528 739 2 295 383 5 922 916Jean-Paul Aeschimann Non-Executive Deputy Chairman 123 613 – – – 123 613Norbert Platt Group Chief Executive Officer 5 070 284 – 67 643 2 221 997 7 359 924Richard Lepeu Group Finance Director 2 704 187 – 69 225 1 287 895 4 061 307Franco Cologni Senior Executive Director 517 161 – 9 416 – 526 577Lord Douro Non-Executive Director 192 080 – – – 192 080Yves-André Istel Non-Executive Director 118 613 – – – 118 613Simon Murray Non-Executive Director 76 938 – – – 76 938Alain Dominique Perrin Executive Director 1 545 442 – – – 1 545 442Alan Quasha Non-Executive Director 76 938 – – – 76 938Lord Renwick Non-Executive Director 118 613 – – – 118 613Jan Rupert Manufacturing Director 1 005 354 – 53 016 1 014 734 2 073 104Jürgen Schrempp Non-Executive Director 76 938 – – – 76 938Martha Wikstrom Non-Executive Director 76 938 – – – 76 938Total 13 801 893 – 1 728 039 6 820 009 22 349 941Group Management Committee 10 032 558 (414 000) 629 485 4 721 970 14 970 013Total key management compensation 23 834 451 (414 000) 2 357 524 11 541 979 37 319 954* The cost for stock options is determined in accordance with IFRS 2, Share-based Payment. Details of the valuation model and significant inputs to this model are found in note 34.During the year under review, certain members of the Group Management Committee provided services to the Reinet Group of entities whichare regarded as entities under common control. € 0.6 million of total compensation costs disclosed above was in respect of these services andhas been reimbursed by the Reinet Group (2008: nil).100 Richemont Annual Report and Accounts 2009Consolidated financial statements