A GLOBAL AMBITION ANNuAL REPORT 2006 - Dufry
A GLOBAL AMBITION ANNuAL REPORT 2006 - Dufry
A GLOBAL AMBITION ANNuAL REPORT 2006 - Dufry
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<strong>Dufry</strong> Annual Report <strong>2006</strong> — Corporate Governance<br />
. Compensation for acting members of governing bodies<br />
The following compensations were paid in <strong>2006</strong>:<br />
board of Directors<br />
The members of the Board of Directors (all non-executive) received aggregate<br />
compensation including bonuses amounting to a total of CHF 300,000 in fiscal<br />
year <strong>2006</strong>. Three of the current members of the Board of Directors receive no<br />
compensation. The compensation during fiscal year <strong>2006</strong> to three members of<br />
the Board of Directors, who ended their function as an active member during<br />
<strong>2006</strong>, amounted to CHF 89,672.<br />
Group Executive Committee<br />
The members of the Group Executive Committee received an aggregate compensation<br />
amounting to CHF 8,722,917 in fiscal year <strong>2006</strong>, of which CHF 549,256<br />
correspond to post-employment pension and other benefits. In addition, the<br />
expense in the fiscal year <strong>2006</strong> related to the Restricted Share Unit plan of<br />
members of the Group Executive Committee amounted to CHF 1,488,000.<br />
No additional severance payments were made during fiscal year <strong>2006</strong> to members<br />
of governing bodies, who ended their functions during <strong>2006</strong>.<br />
. Compensations for former members of governing bodies<br />
During fiscal year <strong>2006</strong>, no compensation was paid to any members of governing<br />
bodies, who ended their function in 2005 or at an earlier date.<br />
. Share allotment in the year under review<br />
No shares were allotted in fiscal year <strong>2006</strong>.<br />
. Share ownership<br />
As of December 31, <strong>2006</strong>, non-executive Board members and parties closely<br />
linked to them held a total of 58,133 shares in <strong>Dufry</strong> Ltd. Mr Luis Andrés Holzer<br />
Neumann, and certain of his family members are also the beneficiaries of a<br />
trust that controls Petrus PTE Ltd.<br />
The members of the Group Executive Committee and parties closely linked to<br />
such persons, held no shares in <strong>Dufry</strong> Ltd as of December 31, <strong>2006</strong>.<br />
.6 options<br />
The Company has no traditional option plans outstanding. However, it has approved<br />
a Restricted Stock Unit (RSU) plan. Beneficiaries of this plan are certain<br />
members of the <strong>Dufry</strong> Group management. From an economic point of view, the<br />
Restricted Stock Units are stock options with an exercise price of nil.
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