Chrysler 2015 Annual Report Download - page 223

2015 | ANNUAL REPORT 223
Commitments and Guarantees pledged in favor of related parties
Guarantees pledged in favor of related parties were as follows:
At December 31,
2015 2014
(€ million)
Joint ventures 411
Unconsolidated subsidiaries —1
Total related parties guarantees 412
In addition, at December31, 2015, the Group had commitments for investments in joint ventures for €101 million,
which included our commitment for contributions to our GAC Fiat Chrysler Automobiles Co. Ltd joint venture (Note
28). Additionally, with reference to the interest in the joint venture Tofas, the Group had a take or pay commitment
whose future minimum expected obligations as of December31, 2015 were as follows:
(€million)
2016 138
2017 138
2018 138
2019 99
2020 93
2021 and thereafter 100
Compensation to Directors, Statutory Auditors and Key Management
The fees of the Directors and Statutory Auditors of the Group for carrying out their respective functions, including
those in other consolidated companies, were as follows:
For the Years Ended December 31,
2015 2014 2013
(€ thousand)
Directors(a) 38,488 14,305 18,912
Statutory auditors of Fiat —186 230
Total compensation 38,488 14,491 19,142
(a) This amount includes the notional compensation cost arising from long-term share compensation granted to the Chief Executive Officer and
share based payments to non-executive Directors.
Refer to Note 20 for information related to the special recognition award granted to the Chief Executive Officer on April
16, 2015 and the PSU and RSU awards granted to certain key employees in 2015.
The aggregate compensation expense for remaining executives with strategic responsibilities was approximately €65
million for 2015 (€23 million in 2014 and €30 million in 2013), which includes:
an amount of approximately €38 million in 2015 (approximately €2 million in 2014 and approximately €10 million in
2013) for share-based compensation expense;
an amount of approximately €8 million in 2015 (approximately €9 million in 2014 and approximately €15 million in
2013) for short-term employee benefits;
an amount of €3 million in 2015 (€2 million in 2014 and €3 million in 2013) for FCA’s contribution to State and
employer defined contribution pension funds;
an amount of approximately €2 million in 2015 (€0 million in 2014 and approximately €1 million in 2013) for
termination benefits.