5. Structure of Compensation for Members of the Board of Directors
The compensation structure for members of the Board of Directors follows the compensation concept outlined in the Articles of Association of Clariant Ltd from March 24, 2014.
According to art. 26, remuneration of members of the Board of Directors consists of the following components:
- Annual basic fee (Honorarium)
- Committee membership fees
- Share-based remuneration
The following graph illustrates the relative structure of the three components for 2017:
005 RELATIVE STRUCTURE OF TOTAL COMPENSATION (BOARD OF DIRECTORS) in % of total compensation
|
Chairman |
Vice Chairman |
Member |
Total 2017 |
Total 2016 |
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|
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Cash compensation |
|
|
|
|
|
|||||||||||
Honorarium1 |
300 000 |
200 000 |
100 000 |
1 200 000 |
1 200 000 |
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Committee fee1 |
According to individual activity (see table below) |
770 000 |
730 000 |
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Social contribution |
|
|
||||||||||||||
Relevant amount |
According to individual situation2 |
|
|
|||||||||||||
Shares |
|
|
||||||||||||||
Value (at grant)3 |
200 000 |
150 000 |
100 000 |
1 050 000 |
1 050 000 |
|||||||||||
|
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.
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.
|
Rudolf Wehrli |
Günter von Au |
Peter Chen |
Hariolf Kottmann1 |
Eveline Saupper |
Carlo G. Soave |
Peter Steiner |
Claudia Suessmuth Dyckerhoff |
Susanne Wamsler |
Konstantin Winterstein |
|
Totals 2017 |
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Cash compensation |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Honorarium |
300 000 |
200 000 |
100 000 |
0 |
100 000 |
100 000 |
100 000 |
100 000 |
100 000 |
100 000 |
|
1 200 000 |
||||||||||||
Committee fee |
150 000 |
130 000 |
60 000 |
0 |
70 000 |
150 000 |
140 000 |
0 |
30 000 |
30 000 |
|
760 000 |
||||||||||||
Social contribution |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Relevant amount |
39 164 |
28 610 |
18 004 |
0 |
18 705 |
32 3442 |
23 616 |
13 795 |
15 899 |
0 |
|
190 137 |
||||||||||||
Shares |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Fair market value (FMV) |
200 000 |
150 000 |
100 000 |
0 |
100 000 |
100 000 |
100 000 |
100 000 |
100 000 |
100 000 |
|
1 050 000 |
||||||||||||
Total 2017 (Fair market value 2017) |
689 164 |
508 610 |
278 004 |
0 |
288 705 |
382 344 |
363 616 |
213 795 |
245 899 |
230 000 |
|
3 200 137 |
|
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 |
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|
||||||||||||||||||||||||||||||||
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 |
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Social contribution |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||
Relevant amount |
39 164 |
31 773 |
18 004 |
0 |
15 422 |
48 3962 |
19 306 |
11 425 |
15 899 |
0 |
5 508 |
204 897 |
||||||||||||||||||||
Shares |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||
Fair market value (FMV)4 |
200 006 |
150 000 |
100 013 |
0 |
75 010 |
100 013 |
75 010 |
75 010 |
100 013 |
100 013 |
25 003 |
1 000 091 |
||||||||||||||||||||
Total 2016 (Fair market value 2016) |
689 170 |
511 773 |
278 017 |
0 |
217 932 |
398 409 |
274 316 |
161 435 |
245 912 |
210 013 |
98 011 |
3 084 988 |
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The information about the actual share ownership of the Board of Directors is displayed below.
|
Number of shares granted for 20171 |
Number of shares granted for 20162 |
Number of privately held shares at 31 Dec. 2017 |
Number of privately held shares at 31 Dec. 2016 |
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|
||||||||||||||||
Rudolf Wehrli |
8 000 |
10 667 (correction of 11 765) |
77 605 |
66 438 |
||||||||||||
Günter von Au |
6 000 |
8 000 (correction of 8 824) |
52 212 |
44 212 |
||||||||||||
Peter Chen |
4 000 |
5 334 (correction of 5 883) |
29 809 |
24 475 |
||||||||||||
Hariolf Kottmann |
–3 |
–3 |
–3 |
–3 |
||||||||||||
Eveline Saupper |
4 000 |
5 334 (correction of 5 883) |
11 334 |
6 000 |
||||||||||||
Carlo G. Soave |
4 000 |
5 334 (correction of 5 883) |
32 088 |
39 575 |
||||||||||||
Peter Steiner |
4 000 |
5 334 (correction of 5 883) |
5 334 |
0 |
||||||||||||
Claudia Suessmuth Dyckerhoff |
4 000 |
5 334 (correction of 5 883) |
6 434 |
0 |
||||||||||||
Susanne Wamsler |
4 000 |
5 334 (correction of 5 883) |
969 5164 |
964 1824 |
||||||||||||
Konstantin Winterstein |
4 000 |
5 334 (correction of 5 883) |
6 019 849 |
6 014 515 |
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Total |
42 000 |
56 005 (correction of 61 770) |
7 204 181 |
7 159 397 |
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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 Note 14 of the Notes to the Financial Report of Clariant Ltd.