AB „SNAIGĖ“ - NASDAQ OMX Baltic

Consolidated annual report for year 2008
PRINCIPLES/ RECOMMENDATIONS
8.5. The information on preparatory and decisionmaking
processes, during which a policy of
remuneration of directors is being established, should
also be disclosed. Information should include data, if
applicable, on authorities and composition of the
remuneration committee, names and surnames of
external consultants whose services have been used in
determination of the remuneration policy as well as the
role of shareholders’ annual general meeting.
8.6. Without prejudice to the role and organization of the
relevant bodies responsible for setting directors’
remunerations, the remuneration policy or any other
significant change in remuneration policy should be
included into the agenda of the shareholders’ annual general
meeting. Remuneration statement should be put for voting
in shareholders’ annual general meeting. The vote may be
either mandatory or advisory.
8.7. Remuneration statement should also contain detailed
information on the entire amount of remuneration, inclusive
of other benefits, that was paid to individual directors over
the relevant financial year. This document should list at
least the information set out in items 8.7.1 to 8.7.4 for each
person who has served as a director of the company at any
time during the relevant financial year.
8.7.1. The following remuneration and/or emolumentsrelated
information should be disclosed:
• The total amount of remuneration paid or due to the
director for services performed during the relevant financial
year, inclusive of, where relevant, attendance fees fixed by
the annual general shareholders meeting;
• The remuneration and advantages received from any
undertaking belonging to the same group;
• The remuneration paid in the form of profit sharing and/or
bonus payments and the reasons why such bonus payments
and/or profit sharing were granted;
• If permissible by the law, any significant additional
remuneration paid to directors for special services outside
the scope of the usual functions of a director;
• Compensation receivable or paid to each former executive
director or member of the management body as a result of
his resignation from the office during the previous financial
year;
• Total estimated value of non-cash benefits considered as
remuneration, other than the items covered in the above
points.
8.7.2. As regards shares and/or rights to acquire share
options and/or all other share-incentive schemes, the
following information should be disclosed:
• The number of share options offered or shares granted by
the company during the relevant financial year and their
conditions of application;
• The number of shares options exercised during the relevant
financial year and, for each of them, the number of shares
YES/NO
/NOT
APPLICABLE
NO
COMMENTARY
Currently this information is not published, but in the
future it may be decided to publish it.
NO This information is confidential and the Company does not
publish it.
NO This information is confidential and the Company does not
publish it.
Prepared by UAB FMĮ „Orion Securities“ p. 58