ABB Annual Report 2012 PDF - ABB Group Annual Report 2012

Note 12Share ownership of ABB byBoard members and membersof the Executive Committee,continuedAs of December 31, 2011, the following members of the Executive Committee held conditionally granted ABB sharesunder the performance component of the LTI Plan 2010, 2011 and warrant appreciation rights (WARs):NameMaximum number of conditionallygranted shares under theperformance component of the2010 launch of LTI PlanMaximum number of conditionallygranted shares under theperformance component of the2011 launch of LTI PlanNumber of fully vestedWARs held under the MIP(vesting 2013) (vesting 2014)Joe Hogan 58,854 60,526 –Michel Demaré 27,740 26,967 –Gary Steel 14,952 15,196 –Ulrich Spiesshofer 15,146 15,460 –Diane de Saint Victor 14,175 14,194 –Bernhard Jucker 17,865 17,933 –Peter Leupp 14,952 – 375,000Veli-Matti Reinikkala 12,965 11,965 –Brice Koch 13,593 14,158 –Tarak Mehta 8,392 12,516 –Frank Duggan 9,444 13,780 375,000Total Executive Committeemembers as of Dec. 31, 2011 208,078 202,695 750,000The members of the Board of directors and Executive Committee owned less than 1 percent of the Company’s totalshares outstanding at December 31, 2012 and 2011.Other than as disclosed, at December 31, 2012, no party related to any member of the Board of directors or ExecutiveCommittee held any shares of ABB or options in ABB shares.Note 13Risk assessmentOnce a year, the Company’s Board of directors performs a risk assessment in accordance with the group’s riskmanagement process and discusses appropriate actions if necessary.ABB Annual Report 2012 | Financial review 149