Fannie Mae 2013 Annual Report Download - page 207

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Director Compensation
Our non-management directors receive cash compensation pursuant to a program authorized by FHFA in November 2008.
This compensation for the directors is designed to be reasonable, appropriate and commensurate with the duties and
responsibilities of their Board service.
The total 2013 compensation for our non-management directors is shown in the table below. Mr. Mayopoulos, our only
director who also served as an employee of Fannie Mae during 2013, was not entitled to receive any additional compensation
for his service as a director.
2013 Non-Employee Director Compensation Table
Name
Fees Earned
or Paid
in Cash ($)(1)
Amy E. Alving(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32,688
William Thomas Forrester . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 185,000
Brenda J. Gaines. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 180,000
Charlynn Goins . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 170,000
Frederick B. “Bart” Harvey III. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 160,000
Robert H. Herz . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 170,000
Philip A. Laskawy(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 290,000
Diane C. Nordin(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21,778
Egbert L. J. Perry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 160,000
Jonathan Plutzik(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 169,543
David H. Sidwell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 175,000
__________
(1) As described below under “Compensation Arrangements for our Non-Management Directors,” directors who chair a Board committee
or serve on the Audit Committee receive additional fees for their service.
(2) Amounts shown in this table for Dr. Alving, Ms. Nordin and Mr. Plutzik reflect that their service on the Board or, in the case of Mr.
Plutzik, as a committee chair began partway into 2013.
(3) Mr. Laskawy serves as our non-executive Chairman.
Compensation Arrangements for our Non-Management Directors
Our non-management directors receive a retainer at an annual rate of $160,000, with no meeting fees. Committee chairs and
Audit Committee members receive an additional retainer at an annual rate of $25,000 for the Audit Committee chair, $15,000
for the Risk Policy & Capital Committee chair and $10,000 for all other committee chairs and each member of the Audit
Committee. In recognition of the substantial amount of time and effort necessary to fulfill the duties of non-executive
Chairman of the Board, the annual retainer for our non-executive Chairman, Mr. Laskawy, is $290,000. Our directors receive
no equity compensation.
Additional Arrangements with our Non-Management Directors
Matching Charitable Gifts Program. To further our support for charitable giving, non-employee directors are able to
participate in our corporate matching gifts program on the same terms as our employees. Under this program, gifts made by
employees and directors to Section 501(c)(3) charities are matched, up to an aggregate total of $2,500 for the 2013 calendar
year. No non-employee directors participated in our matching gifts program in 2013.
Stock Ownership Guidelines for Directors. In January 2009, our Board eliminated our stock ownership requirements for
directors and for senior officers. We ceased paying stock-based compensation after entering into conservatorship in
September 2008.
Other Expenses. We also pay for or reimburse directors for out-of-pocket expenses incurred in connection with their service
on the Board, including travel to and from our meetings, accommodations, meals and training.