6. 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 2020.
|
|
Chairman |
|
Vice-Chairman |
|
Member of the Board of Directors |
|
Total 2020 |
|
Total 2019 |
|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash compensation |
|
|
|
|
|
|
|
|
|
|
|||||||
Honorarium1 |
|
450 000 |
|
180 000 |
|
150 000 |
|
2 130 000 |
|
2 130 000 |
|||||||
Committee fee1 |
|
According to individual activity (see table below) |
|
430 000 |
|
530 000 |
|||||||||||
Social contribution |
|
|
|
|
|
|
|
|
|
|
|||||||
Relevant amount |
|
According to individual situation2 |
|
|
|
|
|||||||||||
Shares |
|
|
|
|
|
|
|
|
|
|
|||||||
Value (at grant)3 |
|
300 000 |
|
120 000 |
|
100 000 |
|
1 420 000 |
|
1 420 000 |
|||||||
|
|||||||||||||||||
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 of the Board.
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 2020 (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. Nahas1 |
|
Abdullah Mohammed Alissa2 |
|
Günter von Au |
|
Calum Mac-Lean |
|
Geoffery Merszei |
|
Eveline Saupper |
|
Carlo G. Soave3 |
|
Peter Steiner |
|
Claudia Suessmuth Dyckerhoff |
|
Susanne Wamsler |
|
Konstantin Winterstein |
|
Nader Alwehibi4 |
|
Thilo Mannhardt4 |
|
Totals 2020 |
|||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash compensation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
Honorarium |
|
450 000 |
|
90 000 |
|
172 500 |
|
150 000 |
|
150 000 |
|
150 000 |
|
150 000 |
|
75 000 |
|
150 000 |
|
150 000 |
|
150 000 |
|
150 000 |
|
75 000 |
|
75 000 |
|
2 137 500 |
|||||||||||||||||||
Additional compensation |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
134 4825 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
134 482 |
|||||||||||||||||||
Committee fee |
|
0 |
|
15 000 |
|
30 000 |
|
32 5006 |
|
30 000 |
|
40 000 |
|
90 000 |
|
30 000 |
|
110 000 |
|
30 000 |
|
30 000 |
|
40 000 |
|
0 |
|
0 |
|
477 500 |
|||||||||||||||||||
Social contribution |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
Relevant amount |
|
49 537 |
|
18 513 |
|
20 739 |
|
16 682 |
|
33 445 |
|
17 013 |
|
35 110 |
|
30 1147 |
|
0 |
|
19 672 |
|
19 672 |
|
0 |
|
2 894 |
|
30 2088 |
|
293 599 |
|||||||||||||||||||
Shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
Fair market value (FMV) |
|
300 000 |
|
60 0009 |
|
115 000 |
|
100 000 |
|
100 000 |
|
100 000 |
|
100 000 |
|
50 0009 |
|
100 000 |
|
100 000 |
|
100 000 |
|
100 000 |
|
50 000 |
|
50 000 |
|
1 425 000 |
|||||||||||||||||||
Total 2020 |
|
799 537 |
|
183 513 |
|
338 239 |
|
299 182 |
|
313 445 |
|
307 013 |
|
509 592 |
|
185 114 |
|
360 000 |
|
299 672 |
|
299 672 |
|
290 000 |
|
127 894 |
|
155 208 |
|
4 468 081 |
|||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
|
Hariolf Kottmann |
|
Dr. Khaled Homza A. Nahas |
|
Abdullah Mohammed Alissa |
|
Günter von Au |
|
Calum Mac-Lean |
|
Geoffery Merszei |
|
Eveline Saupper |
|
Carlo G. Soave |
|
Peter Steiner |
|
Claudia Suessmuth Dyckerhoff |
|
Susanne Wamsler |
|
Konstantin Winterstein |
|
|
|
|
|
Totals 2019 |
|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 |
|||||||
Additional compensation |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
79 1381 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
|
|
|
79 138 |
|||||||
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 |
|||||||
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 |
|||||||
Shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||
Fair market value (FMV)3 |
|
300 023 |
|
120 009 |
|
100 023 |
|
100 023 |
|
100 023 |
|
100 023 |
|
100 023 |
|
100 023 |
|
100 023 |
|
100 023 |
|
100 023 |
|
100 023 |
|
|
|
|
|
1 420 262 |
|||||||
Total 2019 |
|
788 829 |
|
345 036 |
|
295 708 |
|
309 046 |
|
308 797 |
|
303 298 |
|
444 967 |
|
337 440 |
|
360 023 |
|
299 196 |
|
299 722 |
|
290 023 |
|
|
|
|
|
4 382 085 |
|||||||
|
|||||||||||||||||||||||||||||||||||||
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 20201 |
|
Number of shares granted for 20192 |
|
Number of privately held shares at 31 Dec. 2020 |
|
Number of privately held shares at 31 Dec. 2019 |
|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Hariolf Kottmann |
|
16 667 |
|
13 090 |
|
449 5733 |
|
430 750 |
|||||||||
Dr. Khaled Homza A. Nahas |
|
0 |
|
5 236 |
|
n.a. |
|
2 594 |
|||||||||
Abdullah Mohammed Alissa |
|
6 667 |
|
4 364 |
|
6 525 |
|
2 161 |
|||||||||
Nader Alwehibi |
|
4 167 |
|
0 |
|
0 |
|
n.a. |
|||||||||
Günter von Au |
|
5 556 |
|
4 364 |
|
68 863 |
|
64 499 |
|||||||||
Calum MacLean |
|
5 556 |
|
4 364 |
|
6 525 |
|
2 161 |
|||||||||
Thilo Mannhardt |
|
4 167 |
|
0 |
|
0 |
|
n.a. |
|||||||||
Geoffery Merszei |
|
5 556 |
|
4 364 |
|
6 525 |
|
2 161 |
|||||||||
Eveline Saupper |
|
5 556 |
|
4 364 |
|
24 388 |
|
20 024 |
|||||||||
Carlo G. Soave |
|
0 |
|
4 364 |
|
n.a. |
|
40 778 |
|||||||||
Peter Steiner |
|
5 556 |
|
4 364 |
|
18 388 |
|
14 024 |
|||||||||
Claudia Suessmuth Dyckerhoff |
|
5 556 |
|
4 364 |
|
19 488 |
|
15 124 |
|||||||||
Susanne Wamsler |
|
5 556 |
|
4 364 |
|
1 185 1804 |
|
1 175 2864 |
|||||||||
Konstantin Winterstein |
|
5 556 |
|
4 364 |
|
6 086 903 |
|
6 082 539 |
|||||||||
Total |
|
76 116 |
|
61 966 |
|
7 872 358 |
|
7 852 101 |
|||||||||
|
|||||||||||||||||
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.