BIC_REGISTRATION_DOCUMENT_2017
CORPORATE GOVERNANCE Corporate Officers’ compensation
AMOUNT AND STRUCTURE OF THE VARIABLE REMUNERATION OF JAMES DIPIETRO IN 2017
20% GroupNetsales
30% Personalobjectives
40% Bonus
60% Fixed compensation
20% Group Income fromoperations
10% GroupReceivables
10% Group Inventories
10% GroupNet income
BONUS – JAMES DIPIETRO
Index of achievement of 2017 objectives
Actual 2017 bonus paid. as a % of base compensation
Criteria
Weight of criteria
2017 Bonus as a % of fixed compensation
Target (index 100)
Minimum
Maximum
Group Net sales
20% 20% 10% 10% 10% 30%
6.00% 6.00% 3.00% 3.00% 3.00% 9.00%
15.00% 15.00%
22.50% 22.50% 11.25% 11.25% 11.25% 33.75%
94.5 95.5
12.75% 13.05%
Group Income from Operations
Group Net Income
7.50% 7.50% 7.50%
104.9
8.63% 7.05% 6.15%
Group Inventory
97.7 93.8 85.0
Group Receivables
Personal Objectives and overall assessment: - Contibution to the implementation of a Group long-term strategic plan - Group finance plan
22.50%
19.13%
TOTAL
100%
30.00% 75.00% 112.50%
66.76%
At the end of the year 2017, individual and collective achievements on each criteria were assessed. The individual part represents 30% of the target bonus and represents a maximum of 33.75% of fixed compensation. For 2017, the individual part represents 28.7 % of the bonus due.
The Board of Directors has decided to pay James DiPietro a bonus amounting to 343,814 U.S. dollars representing 66.76% of fixed compensation and 89% of the target bonus.
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BIC GROUP - 2017 REGISTRATION DOCUMENT
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