Financial Statements - Solvay

116
Solvay Global Annual Report 2008
4. Amount of compensation and
other benefi ts granted directly or
indirectly to the Chairman of the
Executive Committee.
(see table page 117)
The Chairman of the Executive
Committee has requested the
Board of Directors to reduce, for
2008, his variable remuneration to
EUR 216 093, by way of exception
to the policy set by the Board,
which would have permitted him
to receive an amount of
EUR 616 093.
In December 2008 the Board of
Directors allotted, on the proposal of
the Compensation and Appointments
Committee, share options to senior
Group managers. The exercise price
amounts to EUR 58.81 per option,
with a three-year non-exercise period.
The Chairman of the Executive
Committee accepted 25 000 such
options and the Chief Financial Offi cer
COMPENSATION AND OTHER BENEFITS GRANTED TO DIRECTORS
Compensation 2007 2008
A. Michielsen
– Fixed emoluments +
attendance fees
– “Article 27” supplement
– Compensation for complementary
pension rights
Gross amount Of which Board of
Directors and
Committees
attendance fees
47 500.04
217 523.79
407 974.20
12 500.00 57 500.04
18 000 (see also 2.1.3. Article 523 of
the Companies’ Code, page 134).
In the area of extra-legal pension
rights, given his self-employed
status in Belgium, the Chairman of
the Executive Committee has his
own separate contractual regime,
with pension, death-in-service and
disability rules which are fi nancially
comparable with those applicable,
leaving aside any contributions, to
his Executive Committee colleagues
Gross amount Of which Board of
Directors and
Committees
attendance fees
225 207.86
422 385.97
22 500.00
N. Boël 52 500.04 17 500.00 62 500.04 27 500.00
D. Solvay 64 500.04 29 500.00 60 000.04 25 000.00
C. Jourquin 47 500.04 12 500.00 57 500.04 22 500.00
H. de Wangen 45 000.04 10 000.00 52 500.04 17 500.00
J-M. Solvay 47 500.04 12 500.00 57 500.04 22 500.00
G. de Selliers 64 500.04 29 500.00 81 000.04 46 000.00
Wh. Sadler 71 500.04 36 500.00 81 500.04 46 500.00
J. van Zeebroeck 52 500.04 17 500.00 62 500.04 27 500.00
J-M. Folz 50 000.04 15 000.00 57 500.04 22 500.00
J. Saverys 17 325.28 5 000.00
K. Van Miert 57 500.04 22 500.00 62 500.04 27 500.00
U-E. Bufe 57 500.04 22 500.00 62 500.04 27 500.00
B. de Laguiche 47 500.04 12 500.00 57 500.04 22 500.00
B. Scheuble 61 000.04 26 000.00 71 000.04 36 000.00
A. Van Rossum 61 000.04 26 000.00 71 000.04 36 000.00
C. Casimir-Lambert 34 174.76 7 500.00 73 500.04 38 500.00
1 491 998.63 315 000.00 1 675 594.48 468 000.00