BIC - 2019 Universal Registration Document

CORPORATE GOVERNANCE

Corporate Officers’ compensation

AMOUNT AND STRUCTURE OF THE TARGET VARIABLE COMPENSATIONOF GONZALVE BICH IN 2019

20% GroupNetsales

30% PersonalObjectives

44% Fixed Income

56% Target Bonus

20% GroupIncome fromOperations

10% GroupReceivables

10% GroupInventory

10% GroupNetIncome

BONUS – GONZALVE BICH

Actual 2019 bonus paid, as a% of the fixed compensation

2019 Bonus as a% of fixed compensation

Index of achievement of 2019 objectives

Target (index 100)

Criteria

Weight of criteria 

Minimum

Maximum

Group Net Sales

20%

10.0%

25.0%

37.5%

96.4

22.50%

Group Income fromOperations

20%

10.0%

25.0%

37.5%

91.9

19.00%

Group Net Income

10%

5.0%

12.5%

18.75%

92.7

9.88%

Group Inventory

10%

5.0%

12.5%

18.75%

93.7

10.25%

Group Receivables

10%

5.0%

12.5%

18.75%

91.8

9.50%

Personal Objectives:

30%

15.0%

37.5%

56.25%

100.0

37.50%

Strategy & Long-Term •

Planning/Communication Corporate Social Responsibility • TOTAL

100%

50.0%

125.0%

187.5%

108.63% 

At the end of 2019, individual and collective achievements for each bonus plan criteria were assessed. The individual part represents 30% of the target bonus and represents a maximum of 56.25% of the fixed compensation. For 2019, the individual part represents 30% of the bonus due.

The Board of Directors has decided to pay Gonzalve Bich a bonus amounting to 798,431 U.S. dollars representing 108.63% of fixed compensation and 86.9% of the target bonus.

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• BIC GROUP - 2019 UNIVERSAL REGISTRATION DOCUMENT •