2005 Annual Report Julius Baer Holding Ltd. - GAM Holding AG

5.7 Additional honorariums
No additional honorariums or disbursements were paid to members of the Board of Directors or to Senior
Management members (including parties closely linked to such persons) during the 2005 financial year as set
forth in section 5.7 of the directive.
5.8 Loans granted by governing bodies
a) The Senior Management members and
2004 2004 2005 2005
Persons CHF 1000 Persons CHF 1000
parties closely linked to such persons, in toto 9 17 375 7 22 281
b) The members of the Board of Directors and
parties closely linked to such persons, in toto 8 14 274 7 13 101
The loans granted by governing bodies consist of lombard loans on a secured basis (through pledging of the
securities portfolio) and mortgage loans on a fixed and variable basis.
The interest rates of the mortgage loans are in line with normal market rates at the time the loans are
granted, though as in the case of employees a discount of 1% is granted up to a maximum loan amount of CHF
1 million per borrower. Interest rates of 1.55% to 4.39% (prior to the discount) are applied to the mortgage
portfolio as of 31 December 2005. The residual maturities of the mortgage loans as of 31 December 2005
range between 3 months and 10 years.
Interest rates ranging from 1.75% to 7.25% are charged on the lombard loans outstanding as of 31 December
2005.
5.9 Highest total compensation in the Board of Directors
2004 2005
Compensation (CHF) 1 675 479 2 822 089
Share allotment (number of shares) 4 535 8 124
of which
Corporate Governance
Bearer shares (prior to single-class reg. shares) 4 535 -
Registered shares (after single-class reg. shares) - 8 124
Option allotment (number of options) 18 810 11 400
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