The following disclosures relate to the year ended 31 March 2011.

Directors’ compensation

The total level of compensation paid to members of the Board of Compagnie Financière Richemont SA and the Group Management Committee, including pension contributions, benefits in kind and all other aspects of compensation, amounted to € 42 126 138. 

Further details of compensation may be found in the Corporate Governance section of the Annual Report. 

Highest compensation paid to a member of the executive management board

The total level of compensation of the highest paid director of the Group Management Committee was € 7 215 911, which was paid to Mr Bernard Fornas, Chief Executive of Cartier.

Management transactions

Management transactions in Richemont shares and related securities are systematically reported to SIX Swiss Exchange. This public information can be accessed via the following link: Click here

Share ownership

Members of the Board and parties closely linked to them owned a total of 197 665 Richemont ‘A’ shares. Members of the Group Management Committee and parties closely linked to them held a total of 31 670 Richemont ‘A’ shares.  As noted above Mr Johann Rupert is the General Managing Partner of Compagnie Financière Rupert, which holds the 522 000 000 ‘B’ registered shares in the Company. Parties associated with Mr Johann Rupert and Compagnie Financière Rupert held a further 2 836 664 ‘A’ shares or ‘A’ share equivalents.

Stock Option Plan

The Group operates a long-term share-based compensation plan whereby executives are awarded options to acquire shares at the market price on the date of grant. Further details may be found in the 2011 Annual Report on pages 103 to 104.