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CORPORATE GOVERNANCE
2
Report of the Supervisory Board
2) JEAN-HUGUES LOYEZ
Remuneration payable or attributed
for the most recent financial year
Amounts or accounting
valuation submitted to vote
Presentation
Fixed remuneration
NA
Jean-Hugues Loyez receives
no fixed remuneration.
Annual variable remuneration
NA
Jean-Hugues Loyez receives
no long-term variable remuneration.
Long-term variable cash remuneration
NA
Jean-Hugues Loyez receives
no long-term variable remuneration.
Special remuneration
NA
Jean-Hugues Loyez receives
no special remuneration.
Stock options, performance-based shares
and other long-term remuneration.
NA
Jean-Hugues Loyez receives no stock options,
performance-based shares or other
long-term remuneration.
Attendance fees
€55,000
Jean-Hugues Loyez is Chairman
of the Supervisory Board and
attended all Board meetings in 2016
Valuation of benefits in kind
NA
Jean-Hugues Loyez receives no benefits in kind
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
Jean-Hugues Loyez has no commitment
from the Company with regard
to the termination of his duties
Non-competition payment
NA
Jean-Hugues Loyez is not entitled
to receive a non-competition payment
Supplemental retirement regime
NA
Jean-Hugues Loyez does not benefit
from a supplemental retirement regime.
It should be noted that the services billed to Altamir by related companies are not related to the duties of Altamir’s officers.
Amendments to the articles of association
proposed at the extraordinary general meeting
At their Extraordinary General Meeting on 28 April 2017,
shareholders will be asked to amend the company’s Articles of
Association for two items:
Introduction of a hurdle rate on co-investments
In light of the change in investment strategy that givesAltamir the
ability to occasionally co-invest alongside the funds to optimise
cash management, the Management Company has decided to
ask shareholders to approve an amendment to the Articles of
Association to introduce a hurdle rate for the calculationof carried
interest on these co-investments. This issue was examined and
unanimously approved by the Supervisory Board, meeting as the
Nomination and Remuneration Committee on 2 February 2017
and 6 March 2017. The proposed amendments concern articles
25.2 and 25.3 of the Articles of Association specifying the rules
related to the minimum annual rate of return for the payment of
any carried interest on the co-investments.
Amendment to the Articles of Association related to the age
limit for Maurice Tchenio
The Supervisory Board, meeting as the Nomination and
Remuneration Committee, examined this proposal to amend the
Articles of Association at its meetings of 2 February and 6March
2017. After discussing it and agreeing that it is in the best interest
of the Company, the Supervisory Board unanimously approved
the proposal at its meeting of 6 March 2017.
The Supervisory Board has no observations to make regarding
the statutory or consolidated financial statements for the year,
the content of the Management Report, the agenda or the
draft resolutions proposed by the Management Company and
recommends that the Shareholders vote in favour of these
resolutions.
The Supervisory Board
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REGISTRATION DOCUMENT
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ALTAMIR 2016