GROUPAMA / 2018 Registration document
CORPORATE GOVERNANCE AND INTERNAL CONTROL COMPENSATION PAID TO AND EQUITY INTERESTS OWNED BY DIRECTORS
The table below summarisesthe gross amounts paid to Directors for 2018 overall (before and after the conversion into a mutual insurance company).
Summary of allowances, compensation, and Directors’ fees paid in 2018 ı (Gross amounts, in euros)
Directors’ fees before conversion
Allowances, compensation, and Directors’ fees after conversion
Members of the Board of Directors
Total 2018
Total 2017
Monique Aravecchia
31,538
-
31,538
11,003
3
Michel Baylet
62,829
68,021
130,850
105,233
Isabelle Bordry
42,909
40,122
83,031
58,208
Marilyn Brossat
31,538
-
31,538
8,258
Thierry Chaudon
-
-
-
-
DanielCollay
60,084
68,158
128,242
103,860
Jean-Pierre Constant
10,899
67,058
77,957
-
Amaury Cornut-Chauvinc
48,600
3,575
52,175
107,978
AdaDi Marzo
48,399
37,056
85,455
14,895
Marie-Ange Dubost
62,829
70,633
133,462
110,723
CarolineGrégoire Sainte Marie
62,516
50,958
113,474
84,758
Michel L’Hostis
60,084
70,358
130,442
102,488
Jean-LouisPivard
65,574
66,233
131,807
110,723
Laurent Poupart
62,829
71,183
134,012
107,978
Bruno Rostain
48,399
45,612
94,011
66,443
Liouba Ryjenkova
-
-
-
-
François Schmitt
70,629
78,283
148,912
125,978
Groupama regional mutuals
151,830
348,300
500,130
398,520
TOTAL
921,486
1,085,550
2,007,036
1,517,046
In addition, the Board of Directors of Groupama Assurances Mutuelles has granted the possibility to allocate allowances and expense reimbursements to members of the Mutual Insurance Advisory Board, with an annual amount fixed at €600,000 by the General Meeting of 7 June2018. With regard to members of the Mutual Insurance Advisory Board, at its meetingof 7 June,the Board of Directorsfixed: the amount of the monthly allowances paid to members of the ❯ Mutual Insurance Advisory Board at €3,000 for time spent in meetings inside the Group. For meetings outside the Group and meetings of the Boards of foreign subsidiaries,held outside the internal meeting days, a flat-rate allowance of €275 per day is granted. In certain cases of absence, the monthly flat-rate allowances arereduced; for other members of the Mutual Insurance Advisory Board, a ❯ flat-rate allowance of €275 per day is granted for their attendance atmeetingsrelated to theirduties. In 2018, the allowances and expense reimbursements for members of the Mutual Insurance Advisory Board totalled €257,633 grossand €20,173respectively.
The General Meeting of 7 June 2018 adopted a resolution concerning retirement benefits for Directors representing member mutuals andmembers ofthe MutualInsuranceAdvisoryBoard by: authorising the Board of Directors to continue, under terms and ❯ conditions that it deems appropriate, the Chairman death benefits (IVP) scheme administered until now by Fédération Nationale Groupama for former regional chairmen and national Directors of the Group and to extend the benefit to Directors representing member mutuals and members of the Mutual InsuranceAdvisory Board; deciding to fix the maximum amount of funding that can be ❯ allocated annually to these retirementbenefits by the Groupama national reinsurance mutualat €980,000. In 2018, Groupama Assurances Mutuelles paid €830,587 for this purpose.
57 REGISTRATION DOCUMENT 2018 - GROUPAMA ASSURANCES MUTUELLES
Made with FlippingBook flipbook maker