Freddie Mac 2015 Annual Report Download - page 354

Directors, Corporate Governance, and Executive Officers Corporate Governance
Freddie Mac 2015 Form 10-K 352
2015 NON-EMPLOYEE DIRECTOR COMPENSATION LEVELS
Board compensation levels during conservatorship are shown in the table below.
Board Service (Cash)
Annual Retainer for Non-Executive Chairman $ 290,000
Annual Retainer for Directors (other than the Non-Executive Chairman) 160,000
Committee Service (Cash)
Annual Retainer for Audit Committee Chair $ 25,000
Annual Retainer for Risk Committee Chair 15,000
Annual Retainer for Committee Chairs (other than Audit or Risk) 10,000
Annual Retainer for Audit Committee Members 10,000
2015 DIRECTOR COMPENSATION
The following table summarizes the 2015 compensation provided to all persons who served as non-
employee directors during 2015.
Name Fees Earned or Paid in Cash(3) Total
C. Lynch(1) $ 292,167 $ 292,167
R. Bostic(2) 157,778 157,778
C. Byrd 185,000 185,000
L. Drummond(2) 79,375 79,375
T. Goldstein 170,000 170,000
R. Hartnack 170,000 170,000
S. Kohlhagen 175,000 175,000
S. Mathew 170,000 170,000
S. Naqvi 160,000 160,000
N. Retsinas 160,000 160,000
E. Shanks, Jr.(1) 177,833 177,833
A. Williams(1) 172,167 172,167
(1) In addition to the annual Board service and appropriate Committee Chair retainers, the amount represents partial annual
compensation for the period served on the Audit Committee during 2015. In March 2015, Mr. Lynch and Mr. Williams left, and
Mr. Shanks joined, the Audit Committee.
(2) The amount represents partial annual compensation for the period served during 2015. Mr. Bostic joined the Board in January
2015. Mr. Drummond joined the Board in July 2015. The amount of Mr. Drummond's compensation includes partial annual
compensation for the period he served on the Audit Committee during 2015.
(3) Because we do not have pension or retirement plans for our non-employee directors and all compensation is paid in cash,
“Change in Pension Value and Non-qualified Deferred Compensation Earnings” and “All Other Compensation” columns have
been omitted.
Indemnification. We have made arrangements to indemnify our directors against certain liabilities which
are similar to the terms on which our executive officers are indemnified. For a description of such terms,
see “Executive Compensation — CD&A — Written Agreements Relating to NEO Employment —
Indemnification Agreements.”