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G
Corporate governance and capital
G.4
Executive compensation and stock ownership
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268
Executive compensation and stock ownership
G.4
Directors’ fees
G.4.1
[G4-51]
In accordance with a resolution adopted at the Combined
directors’ fees was set at € 500,000.
General Meeting of May 26, 2016, the 2016 annual budget for
principles:
the variable compensation for each attended Board meeting and
significant variable portion, by increasing by 50% the amount of
2016, the fees were allocated on the basis of the following
by reducing the amount of the fixed compensation by 20%. For
meeting held on December 17, 2015, on the proposal from the
with the AFEP-MEDEF Code, the Board of Directors, during its
allocation rules of the Directors’ fees in order to include a
Nomination and Remuneration Committee, decided to amend the
Remuneration Committee. In order to enhance its compliance
of Directors, based on the proposal of the Nomination and
The rules of payment of the directors’ fees are set by the Board
compensation of € 1,500 for each attended Board meeting;
for the Board of Directors: a fixed compensation of € 20,000
•
meeting. The lead director receives an additional
per director plus a variable fee of € 1,500 per attended
Committee.
€ 750 per attended meeting for each member of the
for the Committees: compensation remains unchanged and is
•
attended meeting for the Chairman of the said Committee and
only based on attendance to the meetings: € 1,500 per
renounced to the director’s fees he was entitled to.
As it was the case the previous years, Thierry Breton has
With the exception of (i) Thierry Breton, Chairman and Chief
employee shareholders, and (iii) Aminata Niane, entrusted by
Executive Officer, (ii) Jean Fleming, director representing
Group operations in West Africa and Morocco
(1)
, the members of
the Board of Directors with a 12-months mission concerning Atos
compensation from Atos SE or any of its subsidiaries.
the Board of Directors did not receive in 2016 any other
mission concerning Atos Group operations in West Africa and Morocco, pursuant to the provisions of article L. 225-46 of the French
Atos SE’s Board of Directors decided on March 26, 2015 to entrust Ms. Aminata Niane, in her capacity as Director, with a specific
(1)
March 1, 2016. Ms Niane’s compensation pursuant to this mission amounts to 50,000 euros over 12 months. The compensation
Commercial Code. On February 23, 2016, the Board of Directors approved the start of her mission of twelve months as from
owed pursuant to 2016 amounts to 41,666.60 euros.