MRM - 2019 Universal Registration Document

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Corporate governance

Corporate governance report

Summary of total remuneration of the Chief Executive Officer The table below provides a summary of the total remuneration, including gross remuneration awarded and paid to the Chief Executive Officer for the last two years:

2019

2018

Amounts awarded €200,000

Amounts paid €200,000

Amounts awarded €200,000

Amounts paid €200,000

Fixed remuneration

€80,000

€80,000

€56,000

Annual variable remuneration Multiyear variable remuneration

€80,000

- - -

- - -

- - -

- - -

Exceptional remuneration

Remuneration for the office of Director

Benefits in kind (1)

€9,828

€9,828

€9,712

€9,712

TOTAL

€289,828

€289,828

€289,712

€265,712

(1) Company car, healthcare and personal risk cover.

Jacques Blanchard received no stock options or performance shares from the Company.

Fairness ratios In accordance with Article L.225-37-3 of the French Commercial Code and with AFEP guidelines on remuneration multiples, the table below shows fairness ratios for the last five years between the total gross remuneration paid to the Chief Executive Officer and the mean/median gross remuneration paid to employees over the past five years for the financial year in question:

2019

2018

2017

2016

2015

Mean remuneration of employees, excluding corporate officers Median remuneration of employees, excluding corporate officers Total remuneration of the Chief Executive Officer

€95,348

€90,619

€87,585

€79,865

€77,192

€99,740

€92,336

€88,919

€77,500

€72,300

€289,828

€265,712

€388,688

€281,445

€280,821

Ratio with mean remuneration of employees Ratio with median remuneration of employees

304%

293%

444%

352%

364%

291%

288%

437%

363%

388%

In addition, the table below shows changes in the Group’s performance over the last five years:

2019

2018

2017

2016

2015

Consolidated net income Net operating cash flow

€3,157 k €3,000 k

-€10,428 k

-€4,628 k €1,700 k

€5,089 k €4,900 k

€7,291 k €4,400 k

€2,400 k

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M.R.M. 2019 UNIVERSAL REGISTRATION DOCUMENT