The compensation structure for members of the Board of Directors follows the outlined compensation concept for the performance year 2016.

According to the aforementioned guidelines, remuneration of members of the Board of Directors is made up of the following components:

a) Annual basic fee

b) Committee membership fees

c) Share-based remuneration

Since the performance year 2012, the Board of Directors has decided to abandon option-based compensation for non-executive directors. It was replaced by the grant of restricted stock to enable the Board to participate in the long-term value creation of the company. In addition, a new compensation policy was implemented with effective date 1 April 2012, which focuses more on a stronger acknowledgment of responsibilities and activities inside the committees. The design principles as well as the overall remuneration of the Board of Directors have been kept unchanged since the performance year 2012.

The following graph illustrates the relative structure of the three components for 2016:

Relative Structure of Total Compensation (Board of Directors) in % of total compensation

Relative structure of total compensation (board of directors) (graphic)Relative structure of total compensation (board of directors) (graphic)
Annual compensation of the Board of Directors (structural overview only) in CHF

 

 

Chairman of the Board

 

Vice Chairman of the Board

 

Member of the Board of Directors

 

Total 2016

 

Total 2015

1

The Honorarium and fees are paid in cash, in equal parts in March and September.

2

Actual details for 2016 see table in

3

Shares will be granted at end of the mandate year

Cash compensation

 

 

 

 

Honorarium1

 

300 000

 

200 000

 

100 000

 

1 200 000

 

1 100 000

Committee fee1

 

According to individual activity (see table below)

 

730 000

 

730 000

Social contribution

 

 

 

 

Relevant amount

 

According to individual situation2

 

 

 

 

Shares

 

 

 

 

Value (at grant)3

 

200 000

 

150 000

 

100 000

 

1 050 000

 

950 000

Committee fee

 

 

Chair

 

Member

Chairman’s Committee

 

120 000

 

60 000

Audit Committee

 

80 000

 

40 000

Compensation Committee

 

60 000

 

30 000

Technology & Innovation Committee

 

60 000

 

30 000

In order to fulfill the reporting needs outlined in the Ordinance against Excessive Compensation (OaEC) the relevant Fair Market Value (FMV) figures as earned by the BoD members for the calendar year are disclosed in the following audited table.

2016 annual compensation – emoluments to members of the Board of Directors (Fair market value = FMV) in CHF

 

 

Rudolf Wehrli

 

Günter von Au

 

Peter Chen

 

Hariolf Kottmann1

 

Eveline Saupper

 

Carlo G. Soave

 

Peter Steiner

 

Claudia Suessmuth Dyckerhoff

 

Susanne Wamsler

 

Konstantin Winterstein

 

Former BoD Members3

 

Totals 2016

Cash compensation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Honorarium

 

300 000

 

200 000

 

100 000

 

0

 

75 000

 

100 000

 

75 000

 

75 000

 

100 000

 

100 000

 

25 000

 

1 150 000

Committee fee

 

150 000

 

130 000

 

60 000

 

0

 

52 500

 

150 000

 

105 000

 

0

 

30 000

 

10 000

 

42 500

 

730 000

Social contribution

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Relevant amount4

 

39 164

 

31 773

 

18 004

 

0

 

15 422

 

48 3962

 

19 306

 

11 425

 

15 899

 

0

 

5 508

 

204 896

Shares

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair market value (FMV)

 

200 005

 

150 008

 

100 011

 

0

 

75 008

 

100 011

 

75 008

 

75 008

 

100 011

 

100 011

 

25 003

 

1 000 084

Total 2016 (Fair market value 2016)

 

689 169

 

511 781

 

278 015

 

0

 

217 930

 

398 407

 

274 314

 

161 433

 

245 910

 

210 011

 

98 011

 

3 084 980

2015 annual compensation – emoluments to members of the Board of Directors (Fair market value = FMV) in CHF

 

 

Rudolf Wehrli

 

Günter von Au

 

Peter Chen

 

Hariolf Kottmann1

 

Eveline Saupper

 

Carlo G. Soave

 

Peter Steiner

 

Claudia Suessmuth Dyckerhoff

 

Susanne Wamsler

 

Konstantin Winterstein

 

Former BoD Members3

 

Totals 2015

1

After taking over the function as CEO, no further Board of Directors compensations are extended. Please refer to the Executive Committee table.

2

Including additional compensation for project work

3

As former BoD members, the relevant data from Dolf Stockhausen (2015 only), Dominik Koechlin, and Peter Isler are included.

4

Includes estimation for future social contribution related to the year 2016

5

Correction needed due to adjustments of final share price at grant

Cash compensation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Honorarium

 

300 000

 

200 000

 

100 000

 

0

 

0

 

100 000

 

0

 

0

 

75 000

 

100 000

 

216 668

 

1 091 668

Committee fee

 

150 000

 

100 000

 

60 000

 

0

 

0

 

127 500

 

0

 

0

 

22 500

 

40 000

 

213 334

 

713 334

Social contribution

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Relevant amount

 

44 465

 

30 723

 

17 927

 

0

 

0

 

41 5812

 

0

 

0

 

10 302

 

0

 

38 592

 

183 590

Shares

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair market value (FMV)5

 

200 006

 

150 008

 

100 011

 

0

 

0

 

100 011

 

0

 

0

 

75 008

 

100 011

 

150 017

 

875 072

Total 2015 (Fair market value 2015)5

 

694 471

 

480 731

 

277 938

 

0

 

0

 

369 092

 

0

 

0

 

182 810

 

240 011

 

618 611

 

2 863 664

In both years there were no payments to former members of the Board of Directors after the mandate year nor were any loans or credits outstanding and/or granted.

Please find on the next page the information about the actual share and option ownership of the Board of Directors.

Shares held by members of the Board of Directors

 

 

Number of shares granted for 20161

 

Number of shares granted for 20152

 

Number of privately held shares at 31 Dec. 2016

 

Number of privately held shares at 31 Dec. 2015

1

Number of shares for the mandate year will be defined in February 2017. Underlying assumption here is a share price of CHF 17.00.

2

Correction needed due to adjustments of final share price at grant: Underlying assumption was CHF 17.00. Final allocation of shares with CHF 17.33, therefore the numbers of shares are different.

3

See

4

Thereof 240 271 held by »The Honoré T. Wamsler Trust«

5

As former BoD members the relevant data from Dolf Stockhausen (2015 only), Dominik Koechlin and Peter Isler are included.

Rudolf Wehrli

 

11 765

 

11 541 (correction of 11 765)

 

66 438

 

54 897

Günter
von Au

 

8 824

 

8 656 (correction of 8 824)

 

44 212

 

35 556

Peter Chen

 

5 883

 

5 771 (correction of 5 883)

 

24 475

 

18 704

Hariolf Kottmann

 

3

 

3

 

3

 

3

Eveline Saupper

 

5 883

 

 

6 000

 

na

Carlo G. Soave

 

5 883

 

5 771 (correction of 5 883)

 

39 575

 

33 804

Peter Steiner

 

5 883

 

 

0

 

na

Claudia Suessmuth Dyckerhoff

 

5 883

 

 

0

 

na

Susanne Wamsler

 

5 883

 

5 771 (correction of 5 883)

 

964 1824

 

955 1714

Konstantin Winterstein

 

5 883

 

5 771 (correction of 5 883)

 

6 014 515

 

6 008 744

Former BoD members5

 

0

 

5 771 (correction of 5 883)

 

na

 

116 204

Total

 

61 770

 

49 052 (correction of 50 004)

 

7 159 397

 

7 223 080

The compensation for members of the Board of Directors is subject to the Swiss taxation and social security laws, with Clariant paying the employer contributions as required. The members of the Board of Directors do not receive any lump-sum reimbursement of entertainment expenses above and beyond actual expenditure on business trips. For additional information for the Board of Directors, refer to of the Notes to the Financial Report of Clariant Ltd.

In 2016 no more options have been held by members of the Board of Directors, therefore no separate table is displayed. At 31 December 2015 Carlo G. Soave and Dominik Koechlin have held each 24 096 options.