MRM - 2018 Registration document

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Corporate governance

Corporate governance report

2.2.2 Remuneration of the Chairman of the Board of directors François de Varenne, Chairman of the Company’s Board of directors, does not receive any remuneration from the Company or its subsidiaries. As a member of the Executive Committee of SCOR SE (the entity controlling the Company as defined by Article L.233-16 of the French Commercial Code), he receives remuneration and benefits from SCOR SE. However, no remuneration is due or awarded to him as Chairman of the Board of directors of M.R.M. The following table shows the gross remuneration and its components, due and paid for the last two years, to François de Varenne by SCOR SE:

2018

2017

Amounts due Amounts paid

Amounts due Amounts paid

(in euros)

Fixed remuneration

550,000 388,674

550,000 392,007

525,000 392,007

525,000 444,360

Annual variable remuneration Multiyear variable remuneration

- - -

- - -

- - -

- - -

Exceptional remuneration

Directors’fees

Benefits in kind (1)

5,217

5,217

5,217

5,217

TOTAL

943,891

947,224

922,224

974,577

(1) Company car.

François de Varenne’s variable remuneration is based on quantitative and qualitative criteria. The expected achievement level of these criteria is preset but not made public for confidentiality reasons.

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M.R.M. 2018 REGISTRATION DOCUMENT