Eng Cp Remuneration Pdg 22.02.2018 Vf

Extrait du fichier (au format texte) :

Information relating to the components of the Chairman and Chief Executive Officer's compensation as determined by the Board of Directors on February 22, 2018
Further to the recommendation of the Compensation Committee, the Board of Directors meeting held on February 22, 2018 reviewed Jacques Aschenbroich's compensation. As regards the components of his compensation for the financial year ended December 31, 2017, the Board of Directors determined his variable compensation for his duties as Chairman and Chief Executive Officer and acknowledged the fulfilment of his pension plan's performance condition. After a complete review of Jacques
Aschenbroich's compensation, which two highly reputed firms were instructed to conduct, the Board of Directors also determined the compensation policy applicable to Jacques Aschenbroich for 2018
and the criteria that will apply to the performance shares allotted during the financial year ending
December 31, 2019 on the basis of the resolution which will be submitted to the vote of Valeo
General Shareholders' Meeting on May 23, 2018. The criteria for Jacques Aschenbroich's variable compensation and those for the performance shares also serve as a basis for the compensation of various Group executives.
I.

Compensation components for the financial year ended December 31, 2017

1.

Jacques Aschenbroich's variable compensation for the financial year ended December 31,
2017

Further to the recommendation of the Compensation Committee, the Board of Directors assessed the degree of achievement of the quantifiable and qualitative criteria for Jacques Aschenbroich's variable compensation in respect of the financial year ended December 31, 2017. The terms and conditions of this compensation component were determined by the Board of Directors on February 15, 2017,
acting on the recommendation of the Compensation Committee and approved by the General
Shareholders' Meeting on May 23, 2017 as part of the vote on the 2017 compensation policy applicable to the Chairman and Chief Executive Officer (tenth resolution).
The annual variable compensation owed to Jacques Aschenbroich for the financial year ended December 31, 2017 therefore amounts to 127.9% of the annual fixed compensation owed to him for this financial year, i.e. EUR 1,279,000, out of a maximum percentage of 170% of fixed compensation that such variable compensation can represent for this financial year.
The following table summarizes the applicable quantifiable and qualitative criteria, the entitlement,
relating to each of these criteria, in terms of percentage of annual fixed compensation, the maximum variable compensation for the financial year ended December 31, 2017, and the degree of achievement of each quantifiable and qualitative criterion.
Quantifiable criteria (1)
Amount of the variable part obtained as a % of annual fixed compensation

Percentage of achievement of the criterion

Nature of the criterion