BPCE - 2018 Registration document
3 REPORT ON CORPORATE GOVERNANCE
Rules and principles governing the determination of pay and benefits
Fiscal year 2018
Fiscal year 2017
Amount due (3)
Amount paid (4)
Amount due (1) €10,800.00
Amount paid (2)
Dominique Martinie (until June 6, 2018) BPCE director attendance fees
€574,625.71 €1,573,485.21 €2,169,218.56
Amounts due in respect of 2017: all amounts owed in respect of 2017, regardless of the date of payment. (1) Amounts paid in 2017: all amounts paid and received in 2017 (due in 2016 and paid in 2017 and due in 2017 and paid in 2017) excluding withholding taxes (amounts actually received by members (2) include withholding taxes). Amounts due in respect of 2018: all amounts owed in respect of 2018, regardless of the date of payment. (3) Amounts paid in 2018: all amounts paid and received in 2018 (due in 2017 and paid in 2018 and due in 2018 and paid in 2018) excluding withholding taxes (amounts actually received by members (4) include withholding taxes). Both employee representatives have waived attendance fees in favor of their unions. (5) Not Applicable N/A: The attendance fees for Capitole Finance-Tofinso and Midi Foncière are determined during the General Shareholders’ Meeting that approved the previous year’s financial statements. The amounts (6) have not yet been declared as of the publication of the BPCE registration document.
Pay and benefits of any kind awarded to Management Board
Members for 2018
220.127.116.11 COMPENSATION AND BENEFITS OF ANY KIND AWARDED TO MANAGEMENT BOARD MEMBERS The pay policy described below was defined by the Supervisory Board on February 13, 2018, based on a motion by the Remuneration Committee. For BPCE SA group, this policy affects the compensation of all company directors and was voted on during the Annual General Shareholders’ Meeting that approved the 2017 financial statements. With respect to Management Board Members, the items mentioned below were approved by the Annual General Shareholders’ Meeting. The Chairman of the Management Board is paid solely in respect of his corporate office. Given his duties as Chief Executive Officer of Natixis, the member of the BPCE Management Board who is also CEO of Natixis is paid solely for his corporate office at Natixis. As such, he does not collect any pay from BPCE.
The other members of the Management Board receive an employment contract. The enactment of the employment contract as of June 1, 2018 was authorized and approved by the Supervisory Board on February 13, 2018. Their pay is divided 90%/10% respectively between the employment contract and corporate office. These terms were renewed by the Supervisory Board on October 4, 2018, and the related regulatory agreements will be presented to the Annual General Shareholders’ Meeting approving the 2018 financial statements. The principles and rules for determining their pay and other benefits granted in respect of their office and employment contract are approved by the Supervisory Board based on a motion by the Remuneration Committee. The pay components mentioned in Article 18.104.22.168 that are subject to a vote at the Annual General Shareholders’ Meeting were allocated pursuant to the pay policy approved by the Annual General Shareholders’ Meeting in resolutions 17 and 18 on May 25, 2018.
Registration document 2018
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