Annual Report 2010/11 - Sonova

COmPENSATION TO mEmBERS OF THE BOARD OF DIRECTORS AND THE mANAGEmENT BOARD
FINANCIAL STATEmENTS OF SONOVA HOLDING AG 155
Compensation to the Board of Directors
Total compensation to the Board of Directors consists of a fixed fee, attendance fees, expenses, social benefits (employer’s
contribution), and participation in the Executive Equity Award Plan (solely with entitlement to receive options, warrants,
WARs, and SARs).
The following table shows the compensation of the individual members of the Board of Directors in the year under review
and in the previous year:
in CHF 2010/11
Fixed fee Attendance
fee/expenses 1)
Social benefits
(employer’s
contribution) 2)
Total cash
compensation
Value of
warrants 3)
Number of
warrants 3)
granted
Total
compensation
Robert F. Spoerry, Chairman4) 120,000 27,500 152,806 300,306 240,300 250,000 540,606
William D. Dearstyne, Vice-Chairman 120,000 30,000 320,122 470,122 240,300 250,0005) 710,422
Andy Rihs, member4) 120,000 31,000 188,790 339,790 240,300 250,000 580,090
Heliane Canepa, member 120,000 27,000 61,484 208,484 240,300 250,000 448,784
Dr Michael Jacobi, member 120,000 23,500 63,758 207,258 240,300 250,000 447,558
Anssi Vanjoki, member 120,000 15,500 25,715 161,215 240,300 250,000 401,515
Ronald van der Vis, member 120,000 14,500 25,539 160,039 240,300 250,000 400,339
John J. Zei, member6) 90,000 16,500 17,713 124,213 240,300 250,0005) 364,513
Total 930,000 185,500 855,927 1,971,427 1,922,400 2,000,000 3,893,827
1) Attendance fees and expenses are based on the number of attended meetings of each member of the Board of Directors.
2) Including social security contributions on the tax value of options/WARs/SARs exercised during the reporting period.
3) Exercise ratio between warrants and options: 25:1 (see also Note 30 in the consolidated financial statements).
4) Robert F. Spoerry took over the position as chairman of the Board of Directors from Andy Rihs in march 2011.
5) WARs (WARs grant the right to participate in the appreciation of the Sonova shares without issuance of shares).
6) New member of the Board of Directors since June 2010.
Dr Valentin Chapero Rueda received no compensation for his mandate as a member of the Board of Directors due to his mandate as CEO.
in CHF 2009/10
Fixed fee Attendance
fee/expenses 1)
Social benefits
(employer’s
contribution) 2)
Total cash
compensation
Value of
warrants 3)
Number of
warrants 3)
granted
Total
compensation
Andy Rihs, Chairman 120,000 28,000 146,705 294,705 275,725 250,000 570,430
William D. Dearstyne, Vice-Chairman 60,000 28,000 11,211 99,211 275,725 250,0004) 374,936
Heliane Canepa, member 60,000 23,000 98,225 181,225 275,725 250,000 456,950
Dr Michael Jacobi, member 60,000 24,500 259,414 343,914 275,725 250,000 619,639
Robert F. Spoerry, member 60,000 22,500 204,642 287,142 275,725 250,000 562,867
Anssi Vanjoki, member 45,000 12,500 10,456 67,956 275,725 250,000 343,681
Ronald van der Vis, member 45,000 12,000 10,456 67,456 275,725 250,000 343,181
Total 450,000 150,500 741,109 1,341,609 1,930,075 1,750,000 3,271,684
1) Attendance fees and expenses are based on the number of attended meetings of each member of the Board of Directors.
2) Including social security contributions on the tax value of options/WARs/SARs exercised during the reporting period.
3) Exercise ratio between warrants and options: 25:1 (see also Note 30 in the consolidated financial statements).
4) WARs (WARs grant the right to participate in the appreciation of the Sonova shares without issuance of shares).
Dr Valentin Chapero Rueda received no compensation for his mandate as a member of the Board of Directors due to his mandate as CEO.