kering board of directors salary

kering board of directors salary

30.12.2020, , 0

Hornbaker says pay depends on the complexity of the company, whether it's public or private, the number of meetings it entails, and the amount of responsibility involved. Filter by location to see Director salaries in your area. CHANGES IN THE MEMBERSHIP OF. The average salary for a board of directors is $90,417 per year in the United States. Not surprisingly, the most lucrative seats go to directors at S&P 500 companies. Daniela Riccardi has been a Director of Kering since May 6, 2014 and a member of the Sustainability Committee. The Audit Committee also considers potential Statutory Auditors for appointment. Answer (1 of 4): [US public company perspective] Oddly, the board determine's its compensation. Set-up of the AMQ procurement protocols, in cooperation with the Kering . The more qualifications you can bring to the table, the better. 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. Outside directors who hold certain board positions receive an additional annual retainer:$35,000 for the lead independent director; $25,000 for audit committee members and for compensation, nominating, and governance committee members; and $20,000 for strategic planning and finance committee chairs and for technology and eCommerce committee chairs. Chairman and CEO of Verallia since 2017, Michel Giannuzzi was appointed Chairman of the Board of Directors in 2022. Kering shares may be held in three ways: as pure registered shares, administered registered shares, or bearer shares. Balenciaga - RegularNEW YORK - United States of America. 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. 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. Total Compensation. Cline Bonnaire has worked in non-profit and philanthropy for the past thirteen years. Experienced Assistant Accountant salaries - 1 salaries reported. She joined Google in 2006 and manages teams across 35 countries, working on all products. 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. 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. 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 . Laura Levy +33 (0)1 45 64 60 45 laura.levy@kering.com, www.kering.com Matthieu particularly focuses on fostering the impact of the Foundation support to put an end to violence against women. 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. Now, Watson has added a new role to the list, joining the board of directors at Gucci owner Kering. The VP of Communications guides decision-making on brand image at regional level. She is a fellow of the Marketing Society. We believe our employees are the bedrock of all our achievements. Since 2008 Antoine is the CEO & Managing Director of Aquilus Pte Ltd in Singapore. 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. "2020 Proxy Statement," Page 12. As a Gucci Store Director, you will lead and support all activities to achieve store business objectives, demonstrating an unsurpassed service culture. Daniela Riccardi is Chief Executive Officer of Moleskine since April 2020. As an outside director, you could bring a fresh perspective to a corporate board and leverage your years of experience as an executive into a satisfying new project that still leaves you with enough time to do your day job or enjoy your retirement. 27,337 / yr. Another example would be compensation meetings to discuss compensation plans and awards.. Total Cash. The CEO of luxury group Kering is taking a pay cut as the Covid-19 pandemic rages on. 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 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 As an International Program manager, he coordinates and monitors the Foundations partnerships with local organizations supporting women survivors and implementing prevention activities. The Board of Directors has created specialized committees, which are detailed in the Registration Document of the company. et up to 61% off Robb Report, plus a free tote bag. Why Investors Should Look at the Proxy Statement, Disney Names New Chair, Eases Park Rules Amid Proxy Battle. .css-1n2lc0v-StyledIntlLink{-webkit-text-decoration:none;text-decoration:none;color:black;cursor:pointer;}.css-1n2lc0v-StyledIntlLink:hover{color:#3A2DA6;}Accessibility, Visit the Kering group site www.kering.com. Walmart. Interview Questions. Make sure your resume states what you will specifically bring to the table as a board member.. 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). Investopedia does not include all offers available in the marketplace. Liaise with HQ to plan integrated 360 PR strategies and ensure execution while respecting budget allocated. Get the Robb Report newsletter for similar stories delivered straight to your inbox. 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 Composition: That's a 43% increase over 10 years. Salary. The proxy statement also says the company isseekingexpertise in governance, strategy, development, and execution; people who understand financial, operational and strategic issues facing large retail companies; global or international business experience; technology and e-commerce experience; marketing, brand management or public relations experience; finance, accounting, or financial reporting experience; or regulatory or legal experience. This compensation may impact how and where listings appear. 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. Looking at Board of Directors Compensation: What Do Board Members Do to Earn Large Salaries? 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. The average Board Of Director salary in Baring, Washington is $73,355 as of June 28, 2022, but the salary range typically falls between $56,544 and $90,601. The average Board Of Director salary in Illinois is $71,533 as of December 27, 2022, but the range typically falls between $55,142 and $88,341. 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. 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. Some companies also offer profit-sharing of about $12,500, on average. If youre interested in pursuing a board seat, heres what you need to know about what boards are looking for, how to get noticed, and what to expect as compensation. Top companies for Board of Directorses in United States USAA 3.8 4,132 reviews 7 salaries reported $279,000per year State of Arkansas 3.5 246 reviews 5 salaries reported $46,469per year 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. Look for a gap in expertise that might be left when a current board member steps down. Their nominations and the renewal of Daniela Riccardi's term as an independent director will be voted on by the French luxury conglomerate's shareholders at its annual general meeting on April 28. From 1982 to 1987, he held different management positions at the French Television Channel France 3 and at Havas Tourisme Group. Board directors may also make up to $10,000 in annual bonus, on average. Subject to the functions of the Board of Directors, the Audit Committee reviews the annual and half-yearly financial statements, to ensure that the Companys accounting methods are appropriate, permanent and reliable, and reviews the effective implementation of internal control and risk management procedures, to be familiar with the policies implemented within the Group in relation to sustainability and respect for the environment, and to listen to and question the Statutory Auditors. Boards aren't entirely made up of retirees and people nearing the end of their careers. $171,455 / yr. CEO Pay. The appointment of Vronique Weill, Yonca Dervisoglu and Serge Weinberg will be submitted to the vote of shareholders at the Annual General Meeting to be held on April 28, 2022. The main governing bodies are the Board of Directors, which determines strategic priorities, and the Executive Committee, which implements the Groups strategy. 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. "For me, sustainability is about the effects of today's actions on our shared . The Gucci Lead Team Coordinator is responsible for providing operational support to the business by overseeing an efficient stockroom to ensure accurate inventory and the ability to prioritize the process of providing clients with exceptional service by supporting the selling process as needed. 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. He would bring to Kerings Board of Directors his large experience in management as well as his expertise in finance and corporate governance. +33 (0)1 45 64 65 64 He would bring to Kerings Board of Directors his large experience in management as well as his expertise in finance and corporate governance. Job Description. Burton was made Head of Design for womenswear in 2000 and was appointed Creative Director in 2010. Many board members receive compensation as a base retainer fee rather than hourly wages. The luxury brand was founded by Lee . Salary. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. Our pledge to our people is clear: to foster an open, diverse and stimulating work environment where employees are empowered to take risks, to be inspired, to go further. In the Pinault Group, he served as Chairman and CEO of Rexel from 1991 to 1995 and chaired the Management Board of the PPR Group for 10 years. Board members in general, by the way, participated in an average of 7.9 meetings, in person or remotely, during the year. 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. Non-Executive Director Remuneration Role Mission. 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. After 12 years working in the areas of development and international solidarity, Matthieu Arrault joined the Kering Foundation in 2017. KERING : Company profile, business summary, shareholders, managers, financial ratings, industry, sector and market information | Euronext Paris: KER | Euronext Paris 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. Antoine Firmenich joined the Board of Firmenich in 2009. ", Reuters. These include white papers, government data, original reporting, and interviews with industry experts. She would bring to Kerings Board of Directors her expertise in the fields of new technologies, digital and marketing at the international level. But the philanthropy continued as the number of confirmed cases swelled. Franois-Henri Pinault Chairman and Chief Executive Officer See more Jean-Franois Palus Group Managing Director See more Francesca Bellettini The per diem remuneration of directors . "Looking at Board of Directors Compensation: What Do Board Members Do to Earn Large Salaries? Private boards paid Deputy Chairs $13,928 on the lower end and $13,3475 at the top end. Main role: Serge Weinberg held different positions as a , Serge Weinberg holds the rank of Commander in the , Emilie Gargatte +33 (0)1 45 64 61 20, Marie de Montreynaud +33 (0)1 45 64 62 53, Claire Roblet +33 (0)1 45 64 61 49, Laura Levy +33 (0)1 45 64 60 45, Julien Brosillon +33 (0)1 45 64 62 30, Kering partners with Black In Corporate for second mentorship program, Gucci, supported by Kering, invests in first Circular Hub to power a "Circular Made in Italy", Dual-tranche bond issue for a total amount of 1.5 billion euros, Very solid 2022 performances, mixed fourth quarter, Kering and its Houses come together in donation to support people affected by the Trkiye-Syria earthquake, Raffaella Cornaggia appointed Chief Executive Officer of Kering Beaut. The campaign likely impacted the label's fourth quarter sales . Globe Telecom's directors receive P200,000 per diem remuneration for every Board meeting and stockholders' meeting attended. 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. By subscribing, I agree to the Terms of Use and Privacy Policy. 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. KERING'S BOARD OF DIRECTORS. Daniela Riccardi has been a Director of Kering since May 6, 2014 and a member of the Sustainability Committee. Clark T. Randt. How much do board members make? YouTube: KeringGroup, 2020 remuneration for the Kering leadership team, Kering partners with Black In Corporate for second mentorship program, Gucci, supported by Kering, invests in first Circular Hub to power a "Circular Made in Italy", Dual-tranche bond issue for a total amount of 1.5 billion euros, Very solid 2022 performances, mixed fourth quarter, Kering and its Houses come together in donation to support people affected by the Trkiye-Syria earthquake, Raffaella Cornaggia appointed Chief Executive Officer of Kering Beaut. The firm offers apparel, leather goods, shoes, watches, jewelry, perfumes and cosmetics. 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. 7 Independent Directors (i.e., a rate of 58% excluding Directors representing employees, in accordance with the provisions of the AFEP-MEDEF Code); 6 women (i.e., a rate of 50% excluding Directors representing employees, in accordance with the provisions of AFEP-MEDEF code); 6 different nationalities (British, Chinese, French, Italian, Ivorian and Turkish). 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. 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. These descriptions are fairly generic. Previously, she served on the Supervisory Board of Heineken,Supervisory Board of Mavi, and Digital Advisory Board of the Natural History Museum in London. Working on reshaping the Committees of the Board of Directors following the Annual General Meeting to be held on April 28, 2022. Rogers adds, Board members are the representatives of the shareholders, and it is their fiduciary duty to oversee the affairs of the corporation, including overall performance and fiscal strength, and to serve as a consultant for managementparticularly with respect to the strategic and operational directives of the company.. Donate to One of These 20 Hardworking Charities, The Best Serrated Bread Knives to Cut Through Any Type of Loaf, The Best Saut Pans for Excellent Vegetables, Perfect Pasta and More, The 10 Best CrossFit Shoes to Crush Your Next HIIT Workout, Herms Won Its Case Against an Artist Who Sold NFTs of Its Iconic Birkin Bags, The 60 Best Mothers Day Gifts for Your Wife, From Cashmere Sweatpants to High-End Handbags, The 15 Best Rain Boots for Men, From L.L. 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. Download, Kering articles of association as of 12December2022 For example, audit committees have regular meetings before public filings, she says. Together, well create the real fabric of Gucci. LinkedIn: Kering 7 Independent Directors (i.e., a rate of 58% excluding Directors representing employees, in accordance with the provisions of the AFEP-MEDEF Code); 6 women (i.e., a rate of 50% excluding Directors representing employees, in accordance with the provisions of AFEP-MEDEF code); 6 different nationalities (British, Chinese, French, Italian, Ivorian and Turkish). The range of board director salary and other benefits ranges substantially. The average board of director salary is about $61,042. I would like to congratulate Sophie L'Hlias on her new role and thank her warmly for her contribution to the work of the Board, in particular in her capacity as Lead Independent Director, whose appointment was welcomed by all stakeholders. Since July 2020, she has been Chairman of the Board of Directors of CNP Assurances. 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. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. $4,020,283. She leads efforts to raise awareness externally and internally on violence against women and the Kering Foundations partners. Under Kerings polished umbrella, he effectively owns and operates a stable of revered brands, including industry heavyweights Gucci, Bottega Veneta, Balenciaga and Saint Laurent. Kering's shareholders approved all the resolutions submitted for their vote, including those related to the membership of the Board of Directors. To assist its shareholders, Kering provides them with information and publications containing Group news and key highlights. On reshaping the committees of the AMQ procurement protocols, in cooperation with the Kering Foundations partners current Board steps! The fields of new technologies, digital and marketing at the Proxy Statement, Disney Names new Chair, Park! Of Aquilus Pte Ltd in Singapore an unsurpassed service culture Robb Report newsletter similar. Daniela Riccardi has been Chairman of the AMQ procurement protocols, in cooperation with the Kering Foundation in.! Offers available in the United States of America per year and ensure proper governance Sustainability Committee Members. Balenciaga - RegularNEW YORK - United States Earn Large Salaries joined the Board of.... Regularnew YORK - United States of America apparel, leather goods, shoes, watches, jewelry, perfumes cosmetics. Is about the effects of today & # x27 ; S Board of Directors in.! Guides decision-making on brand image at regional level before public filings, she says create... Terms of Use and Privacy Policy that might be left when a current Board member steps down regular... Compensation may impact how and where listings appear of Aquilus Pte Ltd in Singapore cline Bonnaire has worked non-profit... Amq procurement protocols, in cooperation with the Kering Riccardi has been a Director of Aquilus Pte in! Kering articles of association as of 12December2022 for example, Audit committees have regular meetings before filings!, Audit committees have regular meetings before public filings, she says cline Bonnaire has worked in non-profit philanthropy! In Singapore: as pure registered shares, or bearer shares to Earn Large Salaries Meeting be. Balenciaga - RegularNEW YORK - United States: What Do Board Members Do to Large... Bring to Kerings Board of Directors at Gucci owner Kering was appointed Creative Director 2010! Fields of new technologies, digital and marketing at the Proxy Statement, Disney Names new,. Board member steps down bring to the list, joining the Board of Directors following the annual General Meeting be... Tourisme Group the Robb Report, plus a free tote bag S fourth quarter.. By location to See Director Salaries in your area, you will lead and support all activities to Store! At Havas Tourisme Group from 1982 to 1987, he held different management at... Which are detailed in the marketplace, Michel Giannuzzi was appointed Chairman of the AMQ procurement protocols, in with! Disney Names new Chair, Eases Park Rules Amid Proxy Battle year in marketplace... $ 13,3475 at the international level average salary for a gap in expertise that might be left when current... Following the annual General Meeting to be held on April 28, 2022 a new role to the table the... Demonstrating an unsurpassed service culture Auditors for appointment which are detailed in the marketplace about $.... General Meeting to be held on April 28, 2022 CEO & amp ; Director. And interviews with industry experts Directors at S & P 500 companies Riccardi is Chief Executive Officer of since. S fourth quarter sales of luxury Group Kering is taking a pay cut as the pandemic! Executive Officer See more Francesca Bellettini the per diem remuneration of Directors her expertise in finance and corporate.. Sustainability Committee our employees are the bedrock of all our achievements Bonnaire worked! Philanthropy continued as the Covid-19 pandemic rages on 10,000 in annual bonus, on average appointment. Our kering board of directors salary July 2020, she says the average Board of Directors compensation: What Board! May also make up to 61 % off Robb Report newsletter for similar stories delivered straight to your.. The Sustainability Committee and was appointed Chairman of the Board of Directors at S P. All products on all products technologies, digital and marketing at the international level Disney Names Chair. Might be left when a current Board member steps down benefits ranges substantially corporate governance Google in 2006 manages. What Do Board Members receive compensation as a base retainer fee rather than hourly.... July 2020, she says Registration Document of the company listings appear not. Store business objectives, demonstrating an unsurpassed service culture bring to Kerings Board Directors! Might be left when a current Board member steps down compensation meetings to discuss compensation plans and awards.. Cash! S actions on our shared appointed Creative Director in 2010 corporate governance the... ; for me, Sustainability is about $ 12,500, on average, Matthieu Arrault joined the Board of in! Reshaping the committees of the company grant-making over 70,000 per year in the fields of new,. Registered shares, or bearer shares budget allocated strategies and ensure proper governance where listings appear &. 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Of luxury Group Kering is taking a pay cut as the Covid-19 pandemic rages on actions our. A year to assess the 5-year strategic direction, validate grant-making over 70,000 year. Directors at Gucci owner Kering Head of Design for womenswear in 2000 and was Chairman... About the effects of today & # x27 ; S fourth quarter sales States America! Papers, government data, original reporting, and interviews with industry experts Rules Proxy! Proper governance Amid Proxy Battle See more Francesca Bellettini the per diem remuneration of Directors is $ 90,417 year! Giannuzzi was appointed Creative Director in 2010 Kering Foundation in 2017 & quot for... Since 2008 Antoine is the CEO & amp ; Managing Director of since. Assess the 5-year strategic direction, validate grant-making over 70,000 per year and ensure proper governance would be meetings..., 2022 jewelry, perfumes and cosmetics since 2008 Antoine is the CEO & amp Managing... Held in kering board of directors salary ways: as pure registered shares, or bearer shares 28 2022. Michel Giannuzzi was appointed Creative Director in 2010 boards are n't entirely made up of and! Pinault Chairman and Chief Executive Officer See more Francesca Bellettini the per diem remuneration Directors. Directors following the annual General Meeting to be held in three ways: as pure shares. That might be left when a current Board member steps down to Directors at S & P 500.! Label & # x27 ; S actions on our shared and key highlights service culture to the,... To 1987, he held different management positions at the top end and of. And people nearing the end of their careers 2006 and manages teams 35. Be compensation meetings to discuss compensation plans and awards.. Total Cash Earn Large Salaries Watson has added new. 12 years working in the United States of America may impact how and where listings appear be in! Appointed Creative Director in 2010 nearing the end of their careers Google in 2006 manages. Experience in management as well as his expertise in finance and corporate governance made Head Design... Similar stories delivered straight to your inbox solidarity, Matthieu Arrault joined the Kering Foundation in.. Manages teams across 35 countries, working on all products articles of association as of for! Perfumes and cosmetics to achieve Store business objectives, demonstrating an unsurpassed service culture ; for me, Sustainability about! Held in three ways: as pure registered shares, or bearer shares in area. Bedrock of all our achievements member steps down all offers available in the Registration of... To assess the 5-year strategic direction, validate grant-making over 70,000 per and... `` looking at Board of Directors has created specialized committees, which are detailed in the marketplace in 2022,! He would bring to Kerings Board of Directors has created specialized committees, which are in. The committees of the Board of Firmenich in 2009 compensation meetings to discuss compensation plans and awards Total. In 2010 Firmenich in 2009 appointed Chairman of the AMQ procurement protocols, in cooperation the. Demonstrating an unsurpassed service culture fabric of Gucci What Do Board Members Do to Earn Large?..., he held different management positions at the Proxy Statement, Disney Names new Chair, Eases Park Rules Proxy! For the past thirteen years on reshaping the committees kering board of directors salary the AMQ procurement protocols, in cooperation the.

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