GECINA - REFERENCE DOCUMENT 2017
BOARD OF DIRECTORS’ REPORT ON CORPORATE GOVERNANCE
Compensation
TABLE SUMMARIZING THE COMPENSATION OF EACH EXECUTIVE CORPORATE OFFICER (TABLE 2)
12/31/2016 12/31/2017 Amounts due Amounts paid Amounts due Amounts paid
In €’000
Bernard Michel – Chairman of the Board of Directors Fixed compensation
550
550
550
550
Annual variable compensation Multi-year variable compensation Exceptional compensation Attendance fees Value of benefits in kind (new technologies) Value of benefits in kind (company car)
8
8
8
8
TOTAL
558
558
558
558
Méka Brunel - CEO (1) Fixed compensation
493 600
493
Annual variable compensation* Multi-year variable compensation Exceptional compensation
Severance pay Attendance fees Value of benefits in kind (new technologies) Value of benefits in kind (company car)
8
8
501
TOTAL
1,101
Philippe Depoux – Chief Executive Officer (2) Fixed compensation
05
408 380
400 424
8
8
Annual variable compensation* Multi-year variable compensation Exceptional compensation Severance pay
380
1,648
1,648
Attendance fees Value of benefits in kind (new technologies) Value of benefits in kind (company car)
8
8
TOTAL
2,444
832
8
2,036
The variable compensation due for year N-1 is paid in year N. * Ms. Méka Brunel was appointed Chief Executive Officer on January 6, 2017. (1) Mr. Philippe Depoux was Chief Executive Officer from June 3, 2013 to January 6, 2017. (2)
STOCK OPTIONS FOR THE PURCHASE OF NEW OR EXISTING SHARES AWARDED DURING THE YEAR TO EACH EXECUTIVE CORPORATE OFFICER BY THE ISSUER AND BY ANY GROUP COMPANY (TABLE 4) No stock option for new or existing shares was granted to executive corporate officers in 2017. STOCK OPTIONS FOR THE PURCHASE OF NEW OR EXISTING SHARES EXERCISED DURING THE YEAR BY EACH EXECUTIVE CORPORATE OFFICER (TABLE 5) No executive corporate officer exercised stock options for new or existing shares in 2017.
PERFORMANCE SHARES AWARDED TO EACH CORPORATE OFFICER (TABLE 6) Mr. Bernard Michel is not entitled to performance shares in respect of his term of office as Chairman of the Board of Directors. Ms. Méka Brunel, appointed Chief Executive Officer on January 6, 2017, did not receive any performance shares in 2017. PERFORMANCE SHARES THAT BECAME AVAILABLE FOR EACH CORPORATE OFFICER (TABLE 7) No performance share became available for corporate officers in 2017.
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GECINA - REFERENCE DOCUMENT 2017
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