BIC_Registration_Document_2017
CORPORATE GOVERNANCE Corporate Officers’ compensation
AMOUNT AND STRUCTURE OF THE VARIABLE REMUNERATION OF MARIE-AIMÉE BICH-DUFOUR IN 2017
20% GroupNetsales
30% Personalobjectives
29% Bonus
71% Fixed compensation
20% Group Income fromoperations
10% GroupReceivables
10% Group Inventories
10% GroupNet income
BONUS – MARIE-AIMÉE BICH-DUFOUR
Index of achievement of 2017 objectives
Actual 2017 bonus paid. as a % of base salary
Criteria
Weight of criteria
2016 Bonus as a % of base salary
Target (index 100)
Minimum
Maximum
Group Net sales
20% 3.60% 9.00% 13.50% 20% 3.60% 9.00% 13.50% 10% 1.80% 4.50% 6.75% 10% 1.80% 4.50% 6.75% 10% 1.80% 4.50% 6.75% 30% 5.40% 13.50% 20.25%
94.5 95.5
7,65% 7.83% 5.18% 4.23% 3.69%
Group Income from operations
Group Net income
104.9
Group Inventory
97.7 93.8 85.0
Group Receivables
Personal objectives and overall assessment: - Governance of the Board of Directors - Sustainable development program.
11.48%
TOTAL
100% 18.00% 45.00% 67.50%
40.06%
The individual part represents 30% of the target bonus and represents a maximum of 20.25% of the fixed compensation. For 2017, the individual part represents 28.7% of the bonus due. The Board of Directors has decided to pay Marie-Aimée Bich-Dufour a bonus in respect of 2017 amounting to 120,541 euros, representing 40.06% of fixed compensation and 89% of the target bonus. Total compensation 3.2.2.2. The total amount of fixed and variable remuneration awarded to the four Corporate Officers for the fiscal year 2017 is equal to 1,403,621 euros in respect of fixed remuneration (base) and 776,483 euros in respect of variable remuneration (bonus). For the fiscal year 2016, those amounts paid to the six Corporate Officers active in 2016 were 1,361,636 euros in respect of fixed remuneration (base) and 683,926 euros in respect of variable remuneration (bonus).
The total amount of remuneration awarded to the 16 members of the Leadership Team (including the Chief Executive Officer and the three Executive Vice-Presidents) for the fiscal year 2017, is equal to 4,578,385 euros in respect of fixed remuneration (base) and 2,279,980 euros in respect of variable remuneration (bonus). For the fiscal year 2016, the team was made up of 16 members and those amounts were 4,751,032 euros in respect of fixed remuneration (base) and 2,223,851 euros as variable remuneration (bonus). Individual remuneration 3.2.2.3. Total compensation and fringe benefits awarded for fiscal years 2016 and 2017 by SOCIÉTÉ BIC and by the companies it controls, within the meaning of Article L. 233-16 of the French Commercial Code, to members of the Management bodies of SOCIÉTÉ BIC in respect of their functions within the Group, were as follows:
134
BIC GROUP - 2017 REGISTRATION DOCUMENT
Made with FlippingBook - Online catalogs