BIC - 2019 Universal Registration Document

CORPORATE GOVERNANCE

Corporate Officers’ compensation

part corresponding to the role of Audit Committee Chairman: ● 19,100 euros (+2.1% versus 2018); part corresponding to the role of Remuneration or Nomination ● Committee Chairman: 9,600 euros (+2.7% versus 2018); part corresponding to the role of Audit Committee Member: ● 14,000 euros (+2.2% versus 2018); part corresponding to the role of Remuneration or Nomination ● Committee Member: 7,100 euros (+2.2% versus 2018). These Board members do not receive any other compensation.

Gonzalve Bich, Marie-Aimée Bich-Dufour and Vincent Bedhome do not receive Directors’ remuneration in connection with the functions they perform for the Group. Similarly, none of the Leadership Team members receive Directors’ remuneration in connection with the functions they perform for the Group. Following their retirement, François Bich and Mario Guevara have remained Directors and, as such, they receive Directors'fees. Pierre Vareille, as Chairman, does not receive any Director's remuneration.

TABLE C – SUMMARY OF DIRECTORS’ COMPENSATION

(Table 3 following the format of French Financial Markets Authority Position-Recommendation No. 2009-16)

Directors’ remuneration paid relating to 2019 (in euros)

Directors’ remuneration paid relating to 2018 (in euros)

Board members

Pierre Vareille

39,188

-

Elizabeth Bastoni

69,500

70,700

François Bich

22,771

16,614

Marie-Pauline Chandon-Moët

38,800

42,500

John Glen

57,500

61,600

Mario Guevara

47,800

15,170

Candace Matthews

80,381

87,600

Marie-Henriette Poinsot

52,700

21,087

Maëlys Castella

-

42,505

Timothée Bich

-

4,423

SOCIÉTÉ M.B.D.

52,500

56,500

TOTAL

461,140

418,699

Allocation of stock options 4.2.2.6 As part of a policy recommended by the Remuneration Committee, from 2011, the Board decided to no longer award stock options and to replace them with free share grants. At the end of 2018 all options had expired.

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• BIC GROUP - 2019 UNIVERSAL REGISTRATION DOCUMENT •