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 1 April 2019.
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 graphs illustrate the relative structure and absolute value of the three components for 2019.
|
Chairman of the Board |
Vice-Chairman of the Board |
Member of the Board of Directors |
Total 2019 |
Total 2018 |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
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Cash compensation |
|
|
|
|
|
|||||||||||
Honorarium1 |
450 000 |
180 000 |
150 000 |
2 130 000 |
1 406 250 |
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Committee fee1 |
According to individual activity (see table below) |
530 000 |
738 750 |
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Social contribution |
|
|
|
|
|
|||||||||||
Relevant amount |
According to individual situation2 |
|
|
|||||||||||||
Shares |
|
|
|
|
|
|||||||||||
Value (at grant)3 |
300 000 |
120 000 |
100 000 |
1 420 000 |
1 057 083 |
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The Chairman of the Board is not entitled to receive committee fees when serving as a member of a committee.
All Board of Directors members are asked to build up defined minimum shareholding requirements within three years from becoming a member and to hold them during the entire term of Board of Directors membership.
The shareholder requirements are:
- Chairman of the Board of Directors: 30 000 shares
- Vice-Chairman of the Board of Directors: 15 000 shares
- Members of the Board of Directors: 12 000 shares
|
Chair |
Member |
||
|---|---|---|---|---|
Nomination Committee |
50 000 |
30 000 |
||
Audit Committee |
80 000 |
40 000 |
||
Compensation Committee |
50 000 |
30 000 |
005 RELATIVE STRUCTURE OF ACTUAL TOTAL COMPENSATION 2019 (BOARD OF DIRECTORS) in %
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 Board of Directors members for the calendar year are disclosed in the following audited table.
|
Hariolf Kottmann |
Dr. Khaled Homza A. Nahas |
Abdullah Mohammed Alissa |
Günter von Au |
Calum Mac-Lean |
Geoffrey Merszei |
Eveline Saupper |
Carlo G. Soave |
Peter Steiner |
Claudia Suessmuth Dyckerhoff |
Susanne Wamsler |
Konstantin Winterstein |
Totals 2019 |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
||||||||||||||||||||||||||||||||||||||
Cash compensation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||
Honorarium |
450 000 |
180 000 |
150 000 |
150 000 |
150 000 |
150 000 |
150 000 |
150 000 |
150 000 |
150 000 |
150 000 |
150 000 |
2 130 000 |
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Additional compensation |
|
|
|
|
|
|
79 1381 |
|
|
|
|
|
79 138 |
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Committee fee |
0 |
30 000 |
30 000 |
40 000 |
30 000 |
40 000 |
90 000 |
60 000 |
110 000 |
30 000 |
30 000 |
40 000 |
530 000 |
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Social contribution |
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||
Relevant amount |
38 806 |
15 027 |
15 685 |
19 023 |
28 774 |
13 275 |
25 806 |
27 4172 |
0 |
19 173 |
19 699 |
0 |
222 685 |
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Shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||
Fair market value (FMV) |
300 000 |
120 000 |
100 000 |
100 000 |
100 000 |
100 000 |
100 000 |
100 000 |
100 000 |
100 000 |
100 000 |
100 000 |
1 420 000 |
|||||||||||||||||||||||||
Total 2019 |
788 806 |
345 027 |
295 685 |
309 023 |
308 774 |
303 275 |
444 944 |
337 417 |
360 000 |
299 173 |
299 699 |
290 000 |
4 381 823 |
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|
Hariolf Kottmann3 |
Dr. Khaled Homza A. Nahas4 |
Abdullah Mohammed Alissa4 |
Günter von Au |
Calum Mac-Lean4 |
Geoffrey Merszei4 |
Eveline Saupper |
Carlo G. Soave |
Peter Steiner |
Claudia Suessmuth Dyckerhoff |
Susanne Wamsler |
Konstantin Winterstein |
Peter Chen |
Rudolf Wehrli |
Totals 2018 |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
||||||||||||||||||||||||||||||||||||||||||
Cash compensation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
Honorarium |
93 750 |
37 500 |
31 250 |
189 583 |
31 250 |
31 250 |
110 417 |
110 417 |
110 417 |
110 417 |
110 417 |
110 417 |
83 333 |
250 000 |
1 410 418 |
|||||||||||||||||||||||||||
Committee fee |
0 |
6 250 |
6 250 |
117 500 |
6 250 |
8 333 |
74 167 |
137 500 |
133 750 |
6 250 |
36 250 |
40 000 |
50 000 |
125 000 |
747 500 |
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Social contribution |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
Relevant amount |
12 500 |
5 500 |
4 667 |
28 610 |
8 750 |
4 833 |
18 705 |
51 0712 |
0 |
13 795 |
15 899 |
0 |
22 840 |
49 391 |
236 561 |
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Shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
Fair market value (FMV)5 |
62 502 |
25 009 |
20 834 |
139 583 |
20 834 |
20 834 |
100 005 |
100 005 |
100 005 |
100 005 |
100 005 |
100 005 |
58 3336 |
116 6676 |
1 064 626 |
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Total 2018 |
168 752 |
74 259 |
63 001 |
475 276 |
67 084 |
65 250 |
303 294 |
398 993 |
344 172 |
230 467 |
262 571 |
250 422 |
214 506 |
541 058 |
3 459 105 |
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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.
The information about the actual share ownership of the Board of Directors is displayed in the next table.
|
Number of shares granted for 20191 |
Number of shares |
Number of privately held shares at 31 Dec. 2019 |
Number of privately held shares at 31 Dec. 2018 |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
||||||||||||||||||
Hariolf Kottmann |
13 953 |
6 483 (correction of 6 875)3 |
430 7504 |
404 267 |
||||||||||||||
Dr. Khaled Homza A. Nahas |
5 581 |
2 594 (correction of 2 750) |
2 594 |
— |
||||||||||||||
Abdullah Mohammed Alissa |
4 651 |
2 161 (correction of 2 292) |
2 161 |
— |
||||||||||||||
Günter von Au |
4 651 |
5 992 (correction of 6 354) |
64 499 |
58 507 |
||||||||||||||
Calum MacLean |
4 651 |
2 161 (correction of 2 292) |
2 161 |
— |
||||||||||||||
Geoffery Merszei |
4 651 |
2 161 (correction of 2 292) |
2 161 |
— |
||||||||||||||
Eveline Saupper |
4 651 |
4 715 (correction of 5 000) |
20 024 |
15 309 |
||||||||||||||
Carlo G. Soave |
4 651 |
4 715 (correction of 5 000) |
40 778 |
36 063 |
||||||||||||||
Peter Steiner |
4 651 |
4 715 (correction of 5 000) |
14 024 |
9 309 |
||||||||||||||
Claudia Suessmuth Dyckerhoff |
4 651 |
4 715 (correction of 5 000) |
15 124 |
10 409 |
||||||||||||||
Susanne Wamsler |
4 651 |
4 715 (correction of 5 000) |
1 175 2865 |
976 7415 |
||||||||||||||
Konstantin Winterstein |
4 651 |
4 715 (correction of 5 000) |
6 082 539 |
6 077 824 |
||||||||||||||
Total |
66 044 |
49 842 (correction of 52 855) |
7 852 101 |
7 588 429 |
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The compensation for members of the Board of Directors is subject to taxation and social security, depending on the individual’s situation 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.