ABB Annual Report 2012 PDF - ABB Group Annual Report 2012

Details of the share-based compensation granted to membersof the EC during 2012 are provided in a table of their shareholdingsin section 6.2 below. Consistent with past practice,no loans or guarantees were granted to members of theEC in 2012.Members of the EC are eligible to participate in the EmployeeShare Acquisition Plan (ESAP), a savings plan basedon stock options, which is open to employees around theworld. In addition to the above awards, seven members of theEC participated in the ninth annual launch of the plan. ECmembers who participated in that launch are each entitledto acquire up to 580 ABB shares, except for one who isentitled to acquire up to 570 shares, at 17.08 Swiss francs pershare, the market share price at the start of that launch.Members of the EC cannot participate in the ManagementIncentive Plan (MIP). Any MIP instruments held by EC members(and disclosed in section 6.2 of this Remuneration report)were awarded to them as part of the compensation theyreceived in earlier roles that they held in ABB.For a more detailed description of ESAP and MIP, pleaserefer to Note 18 to ABB’s Consolidated Financial Statementscontained in the Financial review section of this Annual Report.3. Additional fees andremunerationIn 2012, ABB did not pay any fees or remuneration to themembers of the Board or the EC for services rendered toABB other than those disclosed above. Except as disclosedin section 7 of the Corporate governance report, ABB didnot pay any additional fees or remuneration in 2012 to personsclosely linked to a member of the Board or the EC for servicesrendered to ABB.4. Compensationto former members ofthe Board and ECExcept as disclosed in this Remuneration report, ABBdid not make any payments in 2012 to a former memberof the Board or the EC in connection with such role.(1)5. Change of controlprovisionsFollowing the spirit of ABB’s remuneration philosophy, noneof ABB’s Board members, EC members or members ofsenior management receives “golden parachutes” or otherspecial benefits in the event of a change of control.6. ABB shareholdingsof members ofthe Board and ECAs of December 31, 2012, the members of our Board and ECowned less than 1 percent of ABB’s total shares outstanding.6.1 Board ownership of ABB sharesand optionsThe table below shows the number of ABB shares held byeach Board member:Total number of shares heldName Dec. 31, 2012 Dec. 31, 2011Hubertus von Grünberg 173,370 127,387Roger Agnelli 160,672 154,992Louis R. Hughes 63,928 56,337Hans Ulrich Märki 410,192 389,179Michel de Rosen 128,595 120,108Michael Treschow 97,506 91,741Jacob Wallenberg (1) 174,882 169,202Ying Yeh 8,909 3,197Total 1,218,054 1,112,143Share amounts provided in this section do not include the shares beneficially ownedby Investor AB, of which Mr. Wallenberg is chairman.Except as described in this section, no member of the Boardand no person closely linked to a member of the Board heldany shares of ABB or options in ABB shares.ABB Annual Report 2012 | Remuneration report 39