Directors' remuneration

A clear distinction should be made between remuneration mechanisms for executive directors and non executive directors.

The current level of disclosure relating to directors' remuneration varies widely.

The ad hoc consultative group took the view that directors should disclose the mechanism for setting directors' remuneration and its structure.

Along with the duties and responsibilities of directors, shareholders will need to know how directors were evaluated, what criteria were used and how they were applied in practice, particularly with reference to remuneration.

Provincial directors and deputy directors

Directors 4.8

Directors 9.4

Board of Directors

Regional Directors Representatives

N. Timofeyev directors

Of the directors

In 2002, the percentage of women directors of all directors was approximately 26 .

A. Remuneration

Remuneration tribunals

Minimum remuneration

It is recognized that not all non executive directors can be considered independent directors.

Curriculum area directors Supervisors

Report of the Directors

S. Serebrennikov Assistant Directors

1 The decision of the board of directors and the opinions of the independent directors

Definition of remuneration.

(i) Equal remuneration

(c) Equal remuneration

XXIV. SECRETARIAT REMUNERATION

XXIV. Secretariat remuneration

of pensionable remuneration

However the trend appears to be towards greater levels of disclosure in this area, especially in Europe France, Germany, Luxembourg, the Netherlands, Switzerland and the United Kingdom have all introduced laws to enforce the disclosure of directors' individual remuneration.

Average pensionable remuneration 87,980

Wages boards Remuneration tribunals

(v) Protection of remuneration.

VII. Level of remuneration

Period assessed pensionable remuneration

General Motors Board of Directors (2000). GM Board of Directors Corporate Governance Guidelines on Significant Corporate Governance Issues.

Introduction (Directors of Evaluation and Programme)

22. Geographical distribution of Managing Directors.

Direction and management will be provided for this Major Programme by the relevant Managing Directors and Directors, as appropriate.

Direction and management will be provided for this Major Programme by the relevant Managing Directors and Directors, as appropriate.

Direction and management will be provided for this Major Programme by the relevant Managing Directors and Directors, as appropriate.

Furthermore, it implies that 319 directors and only 17 women directors earn more income, which indicates that men have better economic security, because they are more numerous at the positions of directors.

F. Review of pensionable remuneration

A. Remuneration 38 45 13

(i) Remuneration increase 73 800

Equal Remuneration Convention No. 100

During the 2000 2003 period, the number of women appointed as directors and deputy directors increased from 10 to 15.