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CORPORATE GOVERNANCE
2
Report of the Supervisory Board
AUDIT COMMITTEE
Please refer to section 2.1.3.
COMPOSITION – FUNCTIONING –
EVALUATION OF THE BOARD
Please refer to section 2.4.1.
2.3.10
SAY ON PAY
In accordancewith theAfep-Medef Code recommendations, and
in application of the provisions of Articles L. 225-68 and L. 226-1
of the FrenchCommercial Code, the opinionof shareholdersmust
be solicited concerning the remuneration payable or attributed
to each executive officer of the Company for the financial year
just ended.
The SupervisoryBoardmet as theNomination andRemuneration
Committee on 2 November 2016 and 2 February 2017. The Board
reviewed the recommendations beginning in paragraph 24 of
the Afep-Medef Code of November 2016, as well as the AMF’s
recommendations in its Position-Recommendation 2014-14
concerning the preparation of the Registration Document.
The Board also reviewed the December 2016 Afep-Medef Code
application guide issued by the French High Committee on
Corporate Governance.
As a Frenchpartnership limitedby shares, Altamir is not subject to
the new provision established by the Sapin II law of 9 December
2016, which requires a vote on the determination of remuneration
policy.
Shareholders will therefore be asked to express a favourable
opinion on the remuneration payable or attributed to Maurice
Tchenio, legal representative of Altamir Gérance, Management
Company, andtoJean-HuguesLoyez, Chairmanof theSupervisory
Board, for the financial year ended 31 December 2016.
In application of theAfep-Medef Code recommendations, details
of the remuneration payable or attributed to each executive
officer of the Company for the 2016 financial year are as follows:
1) MAURICE TCHENIO
Remuneration payable or attributed
for the most recent financial year
Amounts or accounting
valuation submitted to vote
Presentation
Fixed remuneration
€
292,704
(amount paid by
Amboise SAS, which
holds 28.21% of Altamir,
99.9% of Altamir Gérance and
66.48% of Apax Partners SA)
Maurice Tchenio receives no remuneration
from Altamir, Altamir Gérance or Apax
Partners SA. The amount of his fixed
remuneration has remained unchanged
since 2011.
Annual variable remuneration
NA
Maurice Tchenio receives no
long-term variable remuneration.
Long-term variable cash remuneration
NA
Maurice Tchenio receives no
long-term variable remuneration.
Special remuneration
NA
Maurice Tchenio receives no special
remuneration.
Stock options, performance-based shares and other
long-term remuneration.
NA
Maurice Tchenio receives no stock options,
performance-based shares or other
long-term remuneration.
Attendance fees
NA
Maurice Tchenio does not
receive attendance fees
Valuation of benefits in kind
€
7,946
Maurice Tchenio receives, as a benefit
in kind, the use of a company vehicle
from Amboise SAS
Remuneration payable or attributed for the most
recent financial year that is or has been subject
to a shareholder vote at the General Meeting
pursuant to the procedure for regulated
agreements and commitments
Amounts submitted to vote
Presentation
Severance pay
NA
Maurice Tchenio has no commitment
from the Company with regard to
the termination of his duties
Non-competition payment
NA
Maurice Tchenio is not entitled
to a a non-competition payment
Supplemental retirement regime
NA
Maurice Tchenio is not entitled
to a supplemental retirement regime
89
REGISTRATION DOCUMENT
1
ALTAMIR 2016