DIRECTOR COMPENSATION TABLES
Annual Director Compensation
In 2009, the outside directors, received annual director compensation having a total value of $793,721. This was
comprised of cash compensation of $190,901 and DSUs valued at $602,820, as described in further detail below
.
Directors are also reimbursed for travel and other out
‐of‐pocket expenses incurred in attending Board or
committee meetings. In 2009, seven directors of BPO received a total of $71,198 in directors’ reimbursed
expenses.
The following table provides details of the compensation received by directors (other than Mr. Clark whose
compensation is set out on pages 35 to 36 of this Circular) during the year ended December 31, 2009.
Name
Fees
Earned in
Cash
($)
Share
‐based
Awards
(DSUs)
($)
(1)
Optionbased
Awards
($)
(2)
Non
‐equity
Incentive Plan
Compensation
($)
Pension
Value
($)
All Other
Compensation
($)
Total
Compensation
($)
Gordon E. Arnell
(3) – – 114,000 – – 479,722 (4) 593,722
William T. Cahill 37,500 61,946 – – – – 99,446
Jack L. Cockwell – – – – – – –
J. Bruce Flatt – – – – – – –
Roderick D. Fraser
(3) – 102,068 – – – – 102,068
Paul D. McFarlane
(3)(5) 41,250 67,270 – – – – 108,250
Allan S. Olson
(3)(5) 46,526 69,736 – – – – 116,262
Linda D. Rabbitt 28,125 62,944 – – – – 91,069
Robert L. Stelzl 37,500 56,949 – – – – 94,449
Diana Taylor – 109,954 – – – – 109,954
John E. Zuccotti
(6) 500,000 – 90,000 700,000 – – 1,290,000
Note:
(1) For directors who receive payment in U.S. dollars, based on the closing price of a common share on the NYSE on February 18, 2010
of $13.21 or for directors who receive payment in Canadian dollars, based on the closing price of a common share on the TSX on
February 18, 2010 of $13.21 (C$13.82 based on the Bloomberg mid
‐market exchange rate on that date of C$1.00 = US$0.95722).
(2) These amounts represent the value of the options issued on the date of grant derived by application of the Black
‐Scholes option
pricing model, discounted by 25% to reflect the five
‐year vesting and one year holding provisions of the Share Option Plan.
(3) Compensation was awarded, earned, paid, or payable in Canadian dollars and is presented based on the Bloomberg mid
‐market
exchange rate on that date of C$1.00 = US$0.95722.
(4) Mr. Arnell received fees for his services as Chairman of the Board of Directors and for his consultancy services.
(5) The compensation shown above for Messrs. Olson and McFarlane includes their Annual Retainers as lead independent
Document is here: http://www.brookfieldofficeproperties.com/_Global/25/img/content/Files/Proxy%20Circulars%20and%20Cards/2010%20Proxy%20Circular.pdf
You'll remember she was the one who didn't have much concern about locked out workers and their families at a meeting. It sounds like she and the governor really were made for each other.
No comments:
Post a Comment