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Corporate governance
Compensation and benefits granted to executive officers
Mr. Jérôme Bédier
Mr. Pierre Jean Sivignon
Annual compensation
Annual compensation
Mr. Jérôme Bédier receives an annual compensation composed of a Mr. Pierre
Jean Sivignon receives an annual compensation composed
fixed part and a variable part.
of a fixed part and a variable part.
For the 2015 financial year, the fixed compensation of Mr. Jérôme For the 2015 financial year, the fixed compensation of Mr. Pierre
Jean
Bédier was set at a gross level of €450,000, in accordance with the Sivignon was set at a gross level of €800,000.
Board of Directors’ decision dated June 11, 2015.
For the 2015 financial year, the variable compensation of Mr.
For the 2015 financial year, the variable compensation of Mr. Jérôme Pierre
Jean Sivignon was set at €990,400.
Bédier was set at €557,100.
For the 2016 financial year, the fixed compensation of Mr. Pierre
Jean
For the 2016 financial year, the Board of Directors during its meeting Sivignon is maintained at €800,000, his variable compensation
on March 9, 2016, has approved that the fixed compensation of Mr.
remains based on the fulfillment of objectives and can vary between
Jérôme Bédier amounts to €600,000. His variable compensation 0% and 200% of his fixed compensation. The performance objectives
remains based on the fulfillment of objectives and can vary between are based, for 50% of his variable compensation, on achieving financial
0% and 200% of his fixed compensation. The performance objectives
targets (gross like-for-likes sales, Recuring Operating Income, average
are based, for 50% of his variable compensation, on achieving financial
basket, average ticket, these objectives accounting respectively for
targets (gross like-for-likes sales, recurring operating income, average 30%, 50%, 10%, 10%) and, for the remaining 50%, on the
basket, average ticket, these objectives accounting respectively for
achievement of qualitative objectives set by the Chairman and Chief
30%, 50%, 10%, 10%) and, for the remaining 50%, on the Executive Officer.
achievement of qualitative objectives set by the Chairman and Chief
Supplementary pension plan
Executive Officer.
Supplementary pension plan
Mr. Pierre
Jean Sivignon benefits from the same pension plan as that of
the Chairman and Chief Executive Officer. The characteristics of the
Mr. Jérôme Bédier benefits from the same pension plan as that of the scheme applicable to Mr. Pierre
Jean Sivignon (eligibity criteria,
Chairman and Chief Executive Officer. The characteristics of the methods of calculating the reference compensation, rate of accrual of
scheme applicable to Mr. Jérôme Bédier (eligibity criteria, methods of
pension rights, cap, contributions and charges paid by the Company,
calculating the reference compensation, rate of accrual of pension etc.) are therefore those described in section 3.4.2 of this chapter.
rights, cap, contributions and charges paid by the Company, etc.) are The modification of the characteristics of this supplementary pension
therefore those described in section 3.4.2 of this chapter.
plan which benefit to Mr. Pierre
Jean Sivignon has been authorized by
The modification of the characteristics of this supplementary pension the Board of Directors on June 11, 2015 in accordance with regulated
plan which benefit to Mr. Jérôme Bédier has been authorized by the agreements procedure pursuant to articles L. 225-38
et seq
. of the
Board of Directors on June 11, 2015 in accordance with regulated French commercial code. These agreements in relation to
agreements procedure pursuant to articles L. 225-38
et seq
. of the supplementary pension plan will be submitted for approval to the
French commercial code. These agreements in relation to Shareholders’ Meeting on May 17, 2016 (fourth resolution).
supplementary pension plan will be submitted for approval to the For information, the estimated amount of the gross annual annuity at
Shareholders’ Meeting on May 17, 2016 (fourth resolution).
December 31, 2015 is €207,625.
For information, the estimated amount of the gross annual annuity at
Benefits in kind
December 31, 2015 is €91,667.
Benefits in kind
Mr. Pierre
Jean Sivignon benefits from a functions car.
Mr. Jérôme Bédier benefits from a functions car.
2015 REGISTRATION DOCUMENT
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