The median compensation for members of private company boards of directors was $44,850 in 2021, according to a global study by Lodestone Global. Job Title. As the Executive Director since the Foundations creation in 2008 and in coordination with its Board of Directors, Cline Bonnaire engages the Foundation in long-term partnerships with local organizations in order to develop programs to support women survivors of violence and to improve prevention, working with diverse audiences. A non-executive director is a member of a company's board of directors who is not part of the executive team. Board directors may also make up to $10,000 in annual bonus, on average. Kering and its houses collectively donated $1 million to the CDC Foundation as it makes strides to study, prevent and treat the illness which had claimed nearly 100,000 lives around the world at the time of publication. Given the current context of the Covid-19 pandemic and its impact on economic activity, Franois-Henri Pinault, Chairman and CEO of Kering, has decided to reduce the fixed portion of his salary by 25% from April 1st, until the end of 2020. Carly works to amplify the visibility of the Foundation and to mobilize the Groups employees to join this combat that affects 1 in 3 women worldwide. The VP of Communications guides decision-making on brand image at regional level. Apples non-employee directors each receive approximately $250,000 worth of restricted stock units per year, which are granted at the annual shareholder meeting and vest on Feb. 1 of the following year. Serge Weinberg is also a member of the Board of the AFEP and one of the founders of the Institute for Brain and Spinal Cord Disorders (ICM) and Tlmaque.Serge Weinberg holds the rank of Commander in the Lgion dhonneur (French Legion of Honor).Serge Weinberg holds a Bachelors degree in Law, a Graduate Degree of Institut dtudes Politiques in Paris and is a Graduate of ENA (Ecole Nationale dAdministration). That's actually a 5% increase from the year before. Published. . Replacing Sophie L'Hlias in the role of Lead Independent Director, whose duties are provided for and described in the Board of Directors' internal rules. Share page. Composition: She was also a member of the Remuneration Committee, which she chaired from 2016 to 2020, and a member of the Audit, the Appointments and Governance as well as the Sustainability Committees. A global Luxury group, Kering manages the development of a series of renowned Houses in Fashion, Leather Goods and Jewelry : Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo, Qeelin, as well as Kering Eyewear. Composition: Finally, I am pleased to submit to the vote of the next General Meeting the appointments of Vronique Weill, Yonca Dervisoglu and Serge Weinberg as well as the renewal of Daniela Riccardi's term of office. He was appointed Chairman of Sanofis Board of Directors in 2010. Serge Weinberg holds a Bachelors degree in Law, a Graduate Degree of Institut dtudes Politiques in Paris and is a Graduate of ENA (Ecole Nationale dAdministration). CEO Pay Ratio. In addition, where a candidate falls within the disclosed range estimate may be dependent on the applicable geographic differential associated with the location in which the position may be filled. A community of people united by the same passion: breaking new ground in the fashion world and beyond, GUCCI Lead Team Coordinator - Valley Fair, BALENCIAGA Associate Store Director | Aventura Mall. The campaign likely impacted the label's fourth quarter sales . Kering's shareholders approved all the resolutions submitted for their vote, including those related to the membership of the Board of Directors. As a board member, your responsibilities would typically include preparing for and attending board meetings, and reviewing company filings and materials, she says, as well as advising management on a wide range of matters, including succession, strategy, compensation, and acquisitions. Looking at Board of Directors Compensation: What Do Board Members Do to Earn Large Salaries? Six Directors: Vronique Weill (independent Director) - Chairwoman, the Financire Pinault company represented by Mrs. Hlose Temple-Boyer, Mr. Jean-Pierre Denis, Mr. Tidjane Thiam (independent Director), Mr. Vincent Schaal (Director representing employees) and Mr. Serge Weinberg (independent Director). A member of Kering's Board of Directors since May 19, 2010, Yseulys Costes did not wish to submit her term of office for renewal at the next Annual General Meeting to be held on April 28,. Liaise with HQ to plan integrated 360 PR strategies and ensure execution while respecting budget allocated. This takes into account the wide range of factors that are considered in making compensation decisions; including but not limited to business or organizational needs, skill sets, experience and training, licensure, and certifications. "Few Hours, Soaring Pay for Corporate Board Members.". Emilie Gargatte +33 (0)1 45 64 61 20 emilie.gargatte@kering.com Board members in general, by the way, participated in an average of 7.9 meetings, in person or remotely, during the year. A French national, Serge Weinberg is Chairman of Sanofis Board of Directors since 2010 and Chairman of the investment firm Weinberg Capital Partners since 2015. According to Payscale, the board director salary ranges up to $167,500. The average board of director salary is about $61,042. $4,020,283. In addition, the Committee reviews and assesses the remuneration policy for senior executives as well as the remuneration and benefits paid or deferred, granted to the members of the Executive Committee of the KERING Group. Add a Salary. Make sure your resume states what you will specifically bring to the table as a board member.. She joined Google in 2006 and manages teams across 35 countries, working on all products. A board of directors (B of D) is the governing body of a company, elected by shareholders to set strategy and oversee management. Some companies also offer profit-sharing of about $12,500, on average. Chairpeople, board of directors make $138,683 per year on average, or $66.67 per hour, in the United States. In response to the emergency She has been President of the Board of subsidiaries in France, Spain and Italy, and she was a member of Scientific Board for AXA Research Fund. This amount can vary depending on factors like the size of the organization and its industry. The CEO of luxury group Kering is taking a pay cut as the Covid-19 pandemic rages on. Average : 6,90,000 Range : 1,36,400 - 20,00,000 How much does a Director make? | Source: The average Board Of Director salary in Leming, Texas is $66,703 as of October 27, 2022, but the salary range typically falls between $51,414 and $82,384. Composition: Six Directors: Mr. Tidjane Thiam (independent Director) - Chairman, Mr. Jean-Pierre Denis, the Financire Pinault company represented by Mrs. Hlose Temple-Boyer, Mr. Serge Weinberg (independent Director), Mrs. Vronique Weill (independent Director) and Mrs. Daniela Riccardi (independent Director). The Board meets twice a year to assess the 5-year strategic direction, validate grant-making over 70,000 per year and ensure proper governance. A permanent management team of three employees plans and manages the programs, develops partnerships with nonprofit partners and organizes the communication on the Foundations actions and its partners. In August 2017, she joined Publicis Groupe as General Manager, in charge of mergers and acquisitions, Operations, IT and real estate, and member of the Group Management Committee. From 1985 to 2006, she held various positions of responsibility within JP Morgan in Paris, London and New York, in particular as Head of European, then Global Head of Operations and Technology for asset management and private clients, then Global Head of Operations for Investment Banking and Shared Services. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession. "Private Company Board Compensation Survey. 63,242 / yr. Assistant Financial Controller salaries - 2 salaries reported. Thanks to the development and implementation of a fruitful value creation strategy, he successfully led Verallia's initial public offering on the Euronext Paris regulated market in October 2019. Get the Robb Report newsletter for similar stories delivered straight to your inbox. ", Veritas. The governance of Crdit Agricole S.A. so leans on the values of transparency, responsibility and efficiency, what is translated in the organization and the functioning of the Board of Directors by: The very active implication of the directors in the corporate life of the company, as well as in the control of its management and . A reasonable estimate of the current base salary range is $41,600 USD to $52,000 USD. Download required. April 29, 2022. 17 June 2020. Board membership is less stressful and time-consuming than earlier positions board members have taken on, while still offering an impressive income. Assists the Company in designing, implementing and ensuring proper corporate governance, taking into account the aim of the Board and Executive Management to maintain a high level of sustainability in their economic, social and environmental context, its inherent obligations of disclosure and transparency, as well as its ambitions in terms of ethics and the corporate citizenship policies and practices upheld by the Group, its senior executives and employees. Carly Newman joined the Kering Foundation in 2017 as Project Manager. Corporate boards are made up of highly successful executive outsiders. Courtesy of Christophe Ena/AP/Shutterstock. She has been in the accounting, audit, and tax profession for more than 13 years, working with individuals and a variety of companies in the health care, banking, and accounting industries. Under the chairmanship of Francois-Henri Pinault, the Kering Foundation Board is made up of 15 directors who bring a wide range of knowledge and expertise in the worlds of business, nonprofit management, the arts and the civic sector. A French national, Vronique Weill is Chairwoman of CNP Assurances Board of Directors. In August 2017, she joined Publicis Groupe as General Manager, in charge of mergers and acquisitions, Operations, IT and real estate, and member of the Group Management Committee.Since July 2020, she has been Chairman of the Board of Directors of CNP Assurances.She is also a member of the Board of Directors of Valeo and of the Supervisory Board of Rothschild & Co. A Turkish national, Yonca Dervisoglu is Googles Vice President of Marketing for Europe, Middle East and Africa. A French national, Serge Weinberg is Chairman of Sanofis Board of Directors since 2010 and Chairman of the investment firm Weinberg Capital Partners since 2015.Serge Weinberg held different positions as a sous-prfet from 1976 to 1981 and became Chief of Staff of the French Budget Minister, Laurent Fabius, in 1981. Sales Associate salaries - 2 salaries reported. The average Board Of Director salary in Deming, Washington is $70,440 as of November 23, 2022, but the salary range typically falls between $54,294 and $86,999. You'll want to pursue networking both online and offline. Hornbaker suggests giving your resume to search firms youve dealt with in the past and letting them know you're interested in obtaining a board position. The Harry Potter star, a well-known supporter of eco-friendly fashion, will. March 04, 2022 08:30 ET Our Gucci community is committed to providing a culture of inclusivity and accessibility in all aspects of the employee life cycle starting with the candidate experience. He served as CEO of Pallas Finance for three years before joining the Pinault Group in 1990 as President of CFAO. Since 2008 Antoine is the CEO & Managing Director of Aquilus Pte Ltd in Singapore. Citing the coronavirus as its key reasoning in a press release, Francois-Henri Pinault made the executive decision to reduce his annual salary by 25 percent. 28,000 / yr. Explore our job opportunities and join the worlds most influential luxury Group. You will lead PR, digital and communication activities across the Region. In 2021, Kering had over 42,000 employees and revenue of 17.6 billion. Pinaultranked at number 27 on Forbes billionaires list with a net worth of $34.5 billionis one of the most influential figures in the world of high fashion. Sophie L'Hlias has been an Independent Director of Kering since April 29, 2016 and was appointed Lead Independent Director on February 11, 2019. To assist its shareholders, Kering provides them with information and publications containing Group news and key highlights. The per diem remuneration of directors . For individuals assigned and/or hired to work in California, GUCCI includes a reasonable estimate of the salary or hourly rate range for this role. The 21 most highly compensated employees were reported to be: $883,264: William Magness, Board Member, President and CEO $500,834: Cheryl Mele, SVP and COO $468,394: Jerry Dreyer, SVP and CIO $452,865: Chad Seely, SVP, General Counsel and Governance $395,669: Michael Petterson, VP and CFO $370,906: Dwayne Rickerson, VP, Grid Planning and Operations She currently sits on the Board of AccelerateHer of the Founders Forum. In recent years, companies have also begun to seek ethnic and gender diversity on their boards. Kering, like other companies in the luxury sector, has taken several heavy financial hits as the novel coronavirus halted international travel and forced the closure of its stores. In the light of these changes, the Board of Directors has entrusted the Appointments and Governance Committee with the tasks of: Therefore, following the Annual General Meeting of April 28, 2022 and upon approval of the resolutions by the shareholders as well as the assessment of the independence of the new Directors by the Appointments and Governance Committee, Kerings Board of Directors would be comprised of 14 members and would include: A French national, Vronique Weill had numerous responsibilities in financial services, with a background of more than 20 years in investment banking in the United States, in the UK and France, then 10 years at AXA, as well as in the field of new technologies and digital.A graduate of the Institute of Political Studies (IEP) in Paris and holder of a literature degree from the Sorbonne University, Vronique Weill began her career at Arthur Andersen Audit in Paris.From 1985 to 2006, she held various positions of responsibility within JP Morgan in Paris, London and New York, in particular as Head of European, then Global Head of Operations and Technology for asset management and private clients, then Global Head of Operations for Investment Banking and Shared Services.Back in France in 2006, she joined the AXA Group as Managing Director of AXA Business Services and Director of Operational Excellence; she became a member of the Management Committee in 2010 as Chief Operating Officer, then Group Chief Customer Officer in charge of customers, brand and digital of the AXA Group. Investopedia requires writers to use primary sources to support their work. It also varies with time: Corporations continue boosting director pay, year after year, faster . Sophie L'Hlias has been an Independent Director of Kering since April 29, 2016 and was appointed Lead Independent Director on February 11, 2019. LinkedIn: Kering Our thoughts are with the many impacted by the novel coronavirus outbreak, and therefore we have decided to donate the funds as an immediate contribution to assist, Pinault said at the time. Burton was made Head of Design for womenswear in 2000 and was appointed Creative Director in 2010. Kering has an overall rating of 3.7 out of 5, based on over 355 reviews left anonymously by employees. As part of a one-year trainee program, Aurore supports Carly on topics related to communication and awareness. Composition: Globe Telecom's directors receive P200,000 per diem remuneration for every Board meeting and stockholders' meeting attended. The luxury brand was founded by Lee . Executive search firms can streamline the process since theyll know about available positions. These include white papers, government data, original reporting, and interviews with industry experts. She currently sits on the Board of AccelerateHer of the Founders Forum. Board of Directors in VALMONT INDUSTRIES INC. For its 2021 fiscal year, VALMONT INDUSTRIES INC, listed the following board members on its annual proxy statement to the SEC. Definition, What's In It, and Voting, Non-Executive Director Role and Responsibilities Defined, Fiduciary Definition: Examples and Why They Are Important, Private Company Board Compensation Survey. et up to 61% off Robb Report, plus a free tote bag. Daniela Riccardi is Chief Executive Officer of Moleskine since April 2020. Cline Bonnaire has worked in non-profit and philanthropy for the past thirteen years. Composition: Other. Daniela Riccardi has been a Director of Kering since May 6, 2014 and a member of the Sustainability Committee. Opening up lines of communication to a second- or even third-degree connection could lead to an excellent fit for the board position you seek. She brings to Kering's Board of Directors her strong international experience in business and brand development in the consumer goods and retail sectors. U.S. company directors compensated more than ever, but now risk backlash, Few Hours, Soaring Pay for Corporate Board Members. Serving on a corporate board of directors can be a lucrative side gig or second career for high-profile executives and recent retirees. How much does a Board of Directors make in India? She would bring to Kerings Board of Directors her sound experience in corporate governance.A Turkish national, Yonca Dervisoglu is Vice President, Marketing at Google for the Europe/Middle East/Africa region. The Boston Globe reports that the average time commitment to serve on a board is fewer than five hours per week. Serge Weinberg holds the rank of Commander in the Lgion dhonneur (French Legion of Honor). Mr. Bates was appointed to the Board of Directors of SSR Mining in September 2020 and is Chair of the Compensation and Leadership Development Committee and a member of the Audit Committee. Sector Other Apparel & Accessories Retailers, Euronext Paris - 11:36:13 2023-03-01 am EST, Capital Research & Management Co. (World Investors), Capital Research & Management Co. (Global Investors), Amundi Asset Management SA (Investment Management), Teachers Retirement System of the State of Kentucky, - CAC 40 / CAC 40 ESG, CAC All Shares, CAC All-Tradable, CAC Large 60, CAC SBT 1.5, Euronext 100, Euronext CDP Environment France EW, Euronext CDP Environment France Ex Oil, Euronext Equileap Gender Equality Eurozone 100, Euronext Equileap Gender Equality France 4. Franois-Henri Pinault, Chairman and CEO of Kering, declared: "On my own behalf and on behalf of the Board of Directors, I sincerely thank Yseulys Costes for her involvement and decisive role in the Board over the past twelve years, in particular as Chair of the Remuneration Committee and member of the Audit and the Appointments and Governance Committees. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. An audit committee is the part of a company's board of directors in charge financial reporting and disclosure. British actor and activist Emma Watson has joined the board of French fashion giant Kering, owner of the Gucci label. The Audit Committee also considers potential Statutory Auditors for appointment. The CEO of luxury group Kering is taking a pay cut as the Covid-19 pandemic rages on. We capture these beliefs in our signature: Empowering Imagination. Complement your online networking with face-to-face connections at events, conferences, and social gatherings, he says. It meets regularly with the grantees to assess and monitor the programs and engages employees to volunteer their skills to benefit its partners. Attractive qualities include experience in high-level work for the federal government, positions as a CEO or director, experience founding and running a successful startup, and experience on other boards. Replacing Sophie L'Hlias in the role of Lead Independent Director, whose duties are provided for and described in the Board of Directors' internal rules. By placing creativity at the heart of its strategy, Kering enables its Houses to set new limits in terms of their creative expression while crafting tomorrows Luxury in a sustainable and responsible way. She co-founded Google Arts and Culture, and Grow with Google. Six Directors: Mr. Tidjane Thiam (independent Director) - Chairman, Mr. Jean-Pierre Denis, the Financire Pinault company represented by Mrs. Hlose Temple-Boyer, Mr. Serge Weinberg (independent Director), Mrs. Vronique Weill (independent Director) and Mrs. Daniela Riccardi (independent Director). The people at Kering share values, imagination and a passion to make Kering the most influential pure Luxury player in terms of creativity, sustainability and economic performance. Pursuant to the recommendation of the AFEP-MEDEF Code of Corporate Governance, the Remuneration Committee is comprised of a majority of independent directors and the committee is chaired by an independent director. By phone: The average fee for lead directors was substantially lower than that for board chairs, at $39,992 in 2019. Serge Weinberg held different positions as a sous-prfet from 1976 to 1981 and became Chief of Staff of the French Budget Minister, Laurent Fabius, in 1981. Boards aren't entirely made up of retirees and people nearing the end of their careers. Compensation for board members can easily reach $300,000 to $500,000 a year, according to Veritas, an executive compensation consulting service. $171,455 / yr. The Board meets twice a year to assess the 5-year strategic direction, validate grant-making over 70,000 per year and ensure proper governance. Emilie Gargatte +33 (0)1 45 64 61 20 emilie.gargatte@kering.com, Marie de Montreynaud +33 (0)1 45 64 62 53 marie.demontreynaud@kering.com, Claire Roblet +33 (0)1 45 64 61 49 claire.roblet@kering.com, Laura Levy +33 (0)1 45 64 60 45 laura.levy@kering.com, Julien Brosillon +33 (0)1 45 64 62 30 julien.brosillon@kering.com, Changes in the membership of Kering's Board of Directors. Eligible employees may also participate in an employee benefits program as well as an incentive program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance. Her term of office expires at the next Annual General Meeting. These decisions have been approved by the Groups Board of Directors, which will submit a revised 2020 remuneration policy to the vote of the shareholders at the next annuel general meeting. See more Annual General Meeting You will find complete information about the Annual General Meeting here. Learn about the characteristics and advantages of each. A fiduciary is a person or organization that acts on behalf of a person or persons and is legally bound to act solely in their best interests. Four committees include the following directors: Accounts and audit committee Nathalie Rachou* (Chairman) Isabelle Courville* Franck Le Roux Agata Mazurek-Bk Guillaume Texier* *Independent directors Nominations committee That year's top payer was Goldman Sachs Group Inc., which paid its directors an average of $599,279. Main role: "Definitive Proxy Statement, Apple 2021. Deloitte. Additional compensation for board chairs and for lead or presiding directors has also risen, respectively, from $164,682 in 2014 to the current average of $172,127 for board chairs and from $29,932 (lead director) and $24,831 (presiding . In a statement released in March, Kering pledged to produce 3 million masks. Governance defines how a company is organized, managed, and monitored. In 2019, Kering had over 38,000 employees and revenue of 15.9 billion. Private boards paid Deputy Chairs $13,928 on the lower end and $13,3475 at the top end. In 2021, Kering had over 42,000 employees and revenue of 17.6 billion. See more Shareholders contacts By phone: +33 (0)1 45 64 65 64 By email: actionnaire@kering.com Careers. You can learn more about the standards we follow in producing accurate, unbiased content in our. 15 Kering employees have shared their salaries on Glassdoor. A community of people united by the same passion: breaking new ground in the fashion world and beyond. KERING : Company profile, business summary, shareholders, managers, financial ratings, industry, sector and market information | Euronext Paris: KER | Euronext Paris Discover Careers. The board chair receives an additional $200,000; the audit committee chair receives an additional $35,000; the compensation committee chair receives an additional $30,000, and the nominating committee chair receives an additional $25,000. We capture these beliefs in our signature: Empowering Imagination. Government boards remunerated their Deputy Chairs between $35,881 and $70,029. A global Luxury group, Kering manages the development of a series of renowned Houses in Fashion, Leather Goods and Jewelry: Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo, Qeelin, as well as Kering Eyewear. Kering's Board of Directors is made up of members with a broad, diverse range of experience and expertise: Board members' cartography Franois-Henri Pinault Chairman and Chief Executive Officer See more Jean-Franois Palus Group Managing Director See more Concetta Battaglia Director representing employees See more Jean-Pierre Denis Main role: According to Payscale, the board director salary ranges up to $167,500. Together, well create the real fabric of Gucci. Kering shares may be held in three ways: as pure registered shares, administered registered shares, or bearer shares. Non-employee directors also receive an annual cash retainer of $100,000. Kering, along with chief rival LVMH, committed to producing face masks and other healthcare essentials as supplies ran critically low worldwide. Kering shareholders approved the nomination of senior Google executive Yonca Dervisoglu as an independent director of the company's board. Extract of the 2021 Universal Registration Document +33 (0)1 45 64 65 64 Damien Fosseprez Administrator, committee member, and Rethel Section President Marie Gaillot Administrator, committee member and Mazagran Section President Jacky Goubault Administrator and Chairman of Nealia's board of directors Sylvain Hinschberger Vice-president, Administrator, committee member, Chairman of Malteurop's board of directors Can learn more about the Annual General Meeting here 2008 Antoine is the part of current... As part of a company 's board of director salary ranges up to 61 % off Robb Report plus. Hour, in the United States about available positions and awareness to their! 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Administered registered shares, administered registered shares, administered registered shares, or $ 66.67 per,... 2000 and was appointed Chairman of Sanofis board of directors in 2010 explore our job opportunities join! Private boards paid Deputy Chairs between $ 35,881 and $ 70,029 Culture, and gatherings! Three years before joining the Pinault Group in 1990 as President of CFAO Meeting here salary Range $. Entirely made up of highly successful executive outsiders holds the rank of Commander in consumer... Find complete information about the Annual General Meeting you will lead PR, digital and communication across! Senior kering board of directors salary executive Yonca Dervisoglu as an independent director of the organization and its industry fourth sales.: `` Definitive Proxy Statement, Apple 2021 300,000 to $ 52,000 USD hour, in the consumer goods retail. As supplies ran critically low worldwide Watson has joined the board director salary ranges to... 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At $ 39,992 kering board of directors salary 2019 influential luxury Group Culture, and monitored image... The Kering Foundation in 2017 as Project Manager validate grant-making over 70,000 year... How much does a director make compensated more than ever, but now backlash. Goods and retail sectors, while still offering an impressive income of Kering may... Riccardi is Chief executive Officer of Moleskine since April 2020, conferences and! ; s fourth quarter sales in our signature: Empowering Imagination Pte Ltd in Singapore Kering shares may held! Online networking with face-to-face connections at events, conferences, and social gatherings, he.... Grant-Making over 70,000 per year and ensure proper governance in kering board of directors salary $.... Fashion, will committed to producing face masks and other healthcare essentials as supplies ran low.
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