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2014 Registration Document
Corporate governance
3
Remunerations and benefits granted to corporate officers
3.4
Remunerations and benefits
granted to corporate officers
3.4.1
Remuneration of the members of the Board of Directors
The Shareholders’ Meeting of July 28, 2008 established the annual amount
of directors’ fees allocated to the Board of Directors at 900,000 euros.
Based on discussions held on July 11, 2012 and on April 17, 2013,
the Board of Directors decided to allocate directors’ fees, as follows:
■
Chairman of the Board of Directors: 10,000 euros;
■
Vice-Chairman of the Board of Directors: 40,000 euros;
■
Senior independent director: 40,000 euros;
■
Chairman of the Accounts Committee: 30,000 euros;
■
Chairman of the Remuneration and the Appointments Committees:
10,000 euros;
■
Committees members: 10,000 euros;
■
Members of the Board of Directors: 45,000 euros.
It being specified that:
■
10,000 euros for membership in one or more committees will be
based on the committee member’s regular attendance at its meetings;
■
45,000 euros for membership in the Board will be comprised of a
fixed portion of 35,000 euros and a variable portion of 10,000 euros
based on the Board member’s regular attendance at its meetings.
The variable portion of the directors’ fees is paid in proportion to the
number of Board and/or committee meetings attended by the directors
(100% of the variable portion will be allocated for attendance at all
meetings).
Directors’ fees are paid once per year, in July.
During 2013 and 2014 fiscal years, the members of the Board of Directors obtained director’s fees (absence of other compensation except for the
Chairman and Chief Executive Officer as detailed in section 3.4.2.
TABLE OF DIRECTOR’S FEES AND OTHER REMUNARATION RECEIVED BY CORPORATE OFFICERS
(in euros)
Amount paid during
fiscal year N-1
Amount paid during
fiscal year N
Georges Plassat
55,000.00
55,000.00
Sébastien Bazin
105,000.00
37,648.38
René Brillet
64,090.90
65,000.00
Thierry Breton
61,363.63
63,888.88
Anne-Claire Taittinger
54,090.90
53,888.88
Mathilde Lemoine
49,881.81
55,000.00
Amaury de Sèze
85,000.00
83,888.88
Nicolas Bazire
55,000.00
57,222.21
Charles Edelstenne
45,000.00
53,888.88
Bernard Arnault
38,636.36
38,333.33
Jean-Laurent Bonnafé
43,181.81
42,777.77
Bertrand de Montesquiou
65,000.00
65,000.00
Georges Ralli
70,757.57
85,000.00
Diane Labruyère-Cuilleret
55,000.00
53,888.88
Thomas J. Barrack Jr.
-
22,319.63
TOTAL
847,002.98
832,745.72