Download the 2009 annual report in PDF format - ANF

Ghislaine Seguin,
Member of the Executive Board
(€)
INFORMATION ABOUT ANF
Corporate governance
Amount for 2008 fi scal year (1) Amount for 2009 fi scal year
Due* Paid** Due* Paid**
Fixed compensation 150,000 147,883 150,000 150,000
Variable compensation 35,000 - 40,121 35,000
Exceptional compensation - - - -
Attendance fees - - - -
Benefi ts in kind - - - -
TOTAL 185,000 147,883 190,121 185,000
(1) Ghislaine Seguin joined the Company on January 8, 2008 as Real Estate Director. She was appointed to the Executive Board on December 9, 2008. The
compensation indicated is that received since she joined the Company.
* The variable compensation due in fiscal year N is paid in fiscal year N + 1.
** The variable compensation paid in fiscal year N is that due for fiscal year N – 1.
Richard Odent (1) ,
Member of the Executive Board
(€)
Amount for 2008 fi scal year Amount for 2009 fi scal year
Due* Paid** Due* Paid**
Fixed compensation 150,000 105,205 - -
Variable compensation - - - -
Exceptional compensation - - - -
Attendance fees - - - -
Benefi ts in kind - - - -
TOTAL 150,000 105,205 (2) - -
(1) Richard Odent resigned from his duties as member of the Executive Board with effect from January 31, 2008.
(2) The compensation of Richard Odent also includes notice pay and holiday pay owed at the date of resignation.
* The variable compensation due in fiscal year N is paid in fiscal year N + 1.
** The variable compensation paid in fiscal year N is that due for fiscal year N – 1.
The compensation of members of the Executive Board which
consists of a fi xed compensation, a variable compensation,
and benefi ts in kind relating to their position is determined on an
individual basis by the Supervisory Board upon the proposal by the
Compensation and Appointments Committee, which defi nes the
principles regarding compensation and benefi ts granted to members
of the Executive Board. Members of the Executive Board can also
be granted stock options and/or bonus shares. The Compensation
and Appointments Committee also determines, for each member
of the Executive Board, the number of any stock options granted to
them, as well as the number of bonus shares awarded.
The fi xed compensation of members of the Executive Board was set
at the Supervisory Board meeting held on December 3, 2009 upon
the proposal by the Compensation and Appointments Committee
submitted on November 30, 2009.
The variable portion of compensation is determined based on the
successful achievement of professional objectives in the past fi scal
year.
At its meeting on March 25, 2009, the Supervisory Board decided,
upon the proposal made by the Compensation and Appointments
Committee at its meeting on March 20, 2009, that the variable
�
Contents
portion of compensation would be, as of FY 2009, determined
based on the two following factors:
• 50% of the variable portion would be calculated based on
NAV (excluding transfer taxes);
• 50% of the variable portion would be calculated based on the
successful achievement of qualitative criteria as proposed by the
Chairman of the Executive Board.
The variable part of the compensation of the members of the
Executive Board for 2009 was determined by the Supervisory
Board meeting on March 19, 2010, upon the proposal made by
the Compensation and Appointments Committee at its meeting on
March 17, 2010, by taking into account in particular the successful
achievement of objectives (collective and individual qualitative
criteria) and the Company’s overall performance (quantitative criteria
applied to all members of the Executive Board).
Benefi ts in kind awarded to the Chief Operating Offi cer include
exclusively the use of a company car.
Furthermore, at the Supervisory Board meeting of May 4, 2005 it
was decided not to compensate the members of the Executive
Board for their terms served. However, the members are still
compensated under their employment contracts (Xavier de Lacoste
Lareymondie, Brigitte Perinetti and Ghislaine Seguin are paid by
ANF and Bruno Keller by Eurazeo).
ANF • 2009 ANNUAL REPORT
59
OTHER GENERAL GENERAL INFORMATION PRO FORMA FINANCIAL INFORMATION ANNUAL ANNUAL FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL FINANCIAL STATEMENTS INFORMATION ABOUT ANF DESCRIPTION OF THE BUSINESS