PSA_GROUP_REGISTRATION_DOCUMENT_2017
CORPORATE GOVERNANCE Compensation of Corporate Officers
Variable part and level of achievement of targets in 2017
On 28 February 2018, the Supervisory Board discussed, on the basis of the recommendations of the Appointments, Compensation and Governance Committee, the performance of the members of the Managing Board, in their absence. Achievement of trigger thresholds and targets:
Threshold distribution/Targets
Thresholds/targets
Type of criterion
Trigger threshold
Automotive Division recurring operating income Operational free cash flow for 2017 of the manufacturing and sales companies (excluding restructuring and non-recurring items)
Economic performance
Attained
Double trigger threshold
Economic performance
Attained
This trigger threshold is common to all Group employees who receive a variable element. *
The figures are not made public for confidentiality reasons
Threshold distribution/Targets Thresholds/targets
Percentage of maximum variable element
Trigger threshold
Percentage of target met
Type of criterion
Automotive Division operating margin (40% of the collective target) Automotive Division revenue growth (40% of the collective target) Group World Automotive quality failure rate (10% of collective Group targets)
Economic performance
32% Attained
122%
Economic performance
Collective targets representing 80% of the maximum variable part
32% Attained
122%
Corporate Social Responsibility
8% Attained
31%
Group sales points recommendation rate (10% of the collective target) Performance
8% Attained
103%
The figures are not made public for confidentiality reasons.
Threshold distribution/Targets
Percentage of maximum variable part
Trigger threshold
Percentage of target met
Thresholds/targets
Type of criterion
Targets specific to each member of the Managing Board, representing 20% of the maximum variable element
Group Recurring Operating > Income Total lost-time occupational > accident frequency rate Results from Parts and Services > Used vehicle activity recurring > operating income Europe region recurring > operating income Market share of Europe > registrations Africa Middle East Region > Recurring Operating Income Africa Middle East Region > worldwide sales volume
Economic performance
Carlos TAVARES, Chairman of the Managing Board:
10%
Attained
100%
Corporate Social Responsibility
10%
Attained
100%
Economic performance Economic performance Economic performance Economic performance Economic performance Economic performance
Jean-Baptiste CHASSELOUP de CHATILLON:
10%
Attained
100%
10%
Attained
0.9%
10%
Attained
100%
Maxime PICAT:
10%
Attained
25%
10%
Attained
100%
Jean-Christophe QUÉMARD:
10%
Attained
100%
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GROUPE PSA - 2017 REGISTRATION DOCUMENT
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