The following disclosures relate to the year ended 31 March 2016.
The total level of compensation awarded to members of the Board of Compagnie Financière Richemont SA and the Senior Executive Committee, including pension contributions, benefits in kind and all other aspects of compensation, amounted to CHF 36 850 516.
The Compensation report may be found in the Annual Report.
Highest compensation paid to a member of the executive management board
The total level of compensation of the highest paid director was CHF 9 700 720, which was paid to Mr Bernard Fornas, Co-Chief Executive Officer.
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.
Members of the Board and parties closely linked to them owned a total of 644 835 Richemont 'A' shares. 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 2016 Annual Report on page 119.