Registration document 2007 - Total.com
Registration document 2007 - Total.com
Registration document 2007 - Total.com
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5<br />
102<br />
Corporate Governance<br />
Compensation of the Board of Directors and Executive Officers<br />
Executive Officer Compensation<br />
In 2006, the aggregate amount paid directly or indirectly by the French and foreign affiliates of the Company as <strong>com</strong>pensation to the<br />
executive officers of TOTAL (31 individuals, members of the Management Committee and the Treasurer) as a group was 19.7 M€,<br />
including 9 M€ paid to the 7 members of the Executive Committee. Variable <strong>com</strong>pensation accounted for 44.7% of the aggregate amount<br />
of 19.7 M€ paid to executive officers in 2005.<br />
The following individuals were executive officers of the Group as of December 31, 2006 (31 individuals, <strong>com</strong>pared to 30 as of<br />
December 31, 2005):<br />
Management Committee<br />
Thierry DESMAREST *<br />
François CORNÉLIS *<br />
Michel BÉNÉZIT *<br />
Robert CASTAIGNE *<br />
Yves-Louis DARRICARRÈRE *<br />
Christophe de MARGERIE *<br />
Bruno WEYMULLER *<br />
Philippe BOISSEAU<br />
Alain CHAMPEAUX<br />
Pierre-Christian CLOUT<br />
Jean-Pierre CORDIER<br />
Yves-Marie DALIBARD<br />
Jean-Michel GIRES<br />
Alain GRÉMILLET<br />
François GROH<br />
Jean-Jacques GUILBAUD<br />
* Member of the Executive Committee as of December 31, 2006<br />
TOTAL – <strong>Registration</strong> Document 2006<br />
Peter HERBEL<br />
Ian HOWAT<br />
Jean-Marc JAUBERT<br />
Patrick de LA CHEVARDIÈRE<br />
Françoise LEROY<br />
Jean-Marie MASSET<br />
Charles MATTENET<br />
Eric de MENTEN<br />
Jean-François MINSTER<br />
Jean-Jacques MOSCONI<br />
Patrick POUYANNÉ<br />
Jean PRIVEY<br />
André TRICOIRE<br />
Hugues WOESTELANDT<br />
Treasurer<br />
Charles PARIS de BOLLARDIÈRE<br />
Executive officers who are directors of affiliates of the Company are not entitled to retain any directors’ fees.<br />
Compensation of the Chairman and Chief<br />
Executive Officer<br />
The total gross <strong>com</strong>pensation paid to Mr. Thierry Desmarest for<br />
fiscal 2006 amounted to 3,199,844 euros. This <strong>com</strong>pensation,<br />
set by the Board of Directors, is <strong>com</strong>posed of a fixed base salary<br />
of 1,523,735 for 2006 and a variable portion, to be paid in <strong>2007</strong>,<br />
which amounted to 1,676,109 euros. The variable portion is<br />
calculated by taking into account the Group’s return on equity<br />
during the relevant fiscal year, the Group’s earnings <strong>com</strong>pared to<br />
those of other major international oil <strong>com</strong>panies and the Group’s<br />
future prospects based on action taken in the year in question.<br />
Mr. Thierry Desmarest’s total gross <strong>com</strong>pensation for fiscal 2005<br />
amounted to 3,154,623 euros, <strong>com</strong>posed of a fixed base salary<br />
of 1,451,235 euros and a variable portion of 1,703,388 euros<br />
paid in 2006.<br />
Mr. Desmarest does not receive any benefits in-kind.