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Corporate governance
Compensation and benefits granted to executive officers
Compensation and benefits granted to
3.4
executive officers
Compensation of the members of the Board of Directors
3.4.1
The Shareholders’ Meeting of June
11, 2015 established the annual
It being specified that:
budget for Directors’ annual attendance fees allocated to the Board of
€10,000 for membership in one or more committees will be based
●
Directors at €980,000.
on the committee member’s regular attendance at its meetings;
Following discussions held on June
11, 2015, the Board of Directors
€45,000 for membership in the Board of Directors will be
●
decided to maintain the annual breakdown of these fees as follows:
comprised of a fixed portion of €35,000 and a variable portion of
€10,000 based on Director's regular attendance at its meetings.
Chairman of the Board of Directors: €10,000;
●
The variable portion of the Directors’ fees is paid in proportion to the
Senior Independent Director: €40,000;
●
number of Board of Directors and/or committee meetings attended by
Vice-Chairman of the Board of Directors: €40,000;
●
the Directors (100% of the variable portion will be allocated for
Chairman of the Accounts Committee: €30,000;
●
attendance at all meetings).
Chairman of the Remuneration and Appointments Committees:
●
Directors’ annual attendance fees are paid once per
year, in July.
€10,000;
Committee Member: €10,000;
●
Members of the Board of Directors: €45,000.
●
During 2014 and 2015 financial years, the members of the Board of Directors obtained fees with the following amounts: (absence of other
compensation except for the Chairman and Chief Executive Officer as detailed in section 3.4.2 of this chapter)
TABLE OF DIRECTORS' ANNUAL ATTENDANCE FEES AND OTHER REMUNERATION RECEIVED
Amount paid during
Amount paid during
2014 financial year
2015 financial year
(in euros)
Georges Plassat
55,000.00
51,666.66
René Brillet
65,000.00
65,000.00
Thierry Breton
63,888.88
63,888.88
Anne-Claire Taittinger
53,888.88
53,888.88
Mathilde Lemoine
55,000.00
55,000.00
Amaury de Sèze
83,888.88
85,000.00
Nicolas Bazire
57,222.21
63,333.33
Charles Edelstenne
53,888.88
52,777.77
Bernard Arnault
38,333.33
37,222.22
Jean-Laurent Bonnafé
42,777.77
39,444.44
Bertrand de Montesquiou
65,000.00
65,000.00
Georges Ralli
85,000.00
103,958.89
Diane Labruyère-Cuilleret
53,888.88
55,000.00
Thomas J. Barrack Jr.
22,319.63
37,222.22
Patricia Lemoine
-
6,001.52
Philippe Houzé
-
9,334.85
TOTAL
832,745.72
(1)
843,739.67
The total amount paid during 2014 financial year includes fees paid to Mr. Sébastien Bazin (Term of office expired on January 15, 2014)
(1)
2015 REGISTRATION DOCUMENT
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