MRM - 2020 Universal Registration Document

4

Corporate governance

Report on corporate governance

The table below provides a summary of the total remuneration and options and shares allocated by the Company to the executive corporate officers over the last two years:

2020

2019

Jacques Blanchard, Chief Executive Officer until 1 October 2020 Remuneration awarded for the financial year Value of multi-year variable remuneration awarded during the year

€204,639

€289,828

- - - -

- - - -

Value of options awarded during the year

Value of free share awards

Value of other long-term remuneration plans

TOTAL

€204,639 €289,828

François Matray, Chief Executive Officer since 1 October 2020 Remuneration awarded for the financial year Value of multi-year variable remuneration awarded during the year

€58,194

- - - -

Value of options awarded during the year

Value of free share awards

Value of other long-term remuneration plans

TOTAL

€58,194

The table below provides a summary of executive corporate officers’ employment contracts, specific pensions, severance pay and non-compete clauses agreed with the Company:

Compensation or benefits due or likely to be due in respect of a cessation or change of function

Compensation due under a non-compete clause

Employment contract

Supplementary pension plan

Yes No Yes No

Yes

No Yes No

Executive corporate of cers

François de Varenne Chairman of the Board of directors Start of term of office: 29 May 2013 End of term of office: General Meeting to be held in 2021 to approve the financial statements for the fnancial year then ended Jacques Blanchard Chief Executive Offcer Start of term of office: 29 May 2013 End of term: 1 October 2020 François Matray Chief Executive Offcer Start of term: 1 October 2020 End of term of office: General Meeting to be held in 2024 to approve the financial statements for the fnancial year then ended

X

X

X

X

X

X

X

X

X

X

X (1)

X

(1) In the event of removal from office as Chief Executive Officer before the end of his term of office, the Chief Executive Officer is entitled to a severance payment, subject to compliance with performance conditions of a financial nature and, where applicable, of a non-financial nature, the characteristics of which are described in Section 2.1.1 above. Insofar as neither the Company, nor its subsidiaries, operate any pension or supplementary pension schemes, these companies have not set aside, or recognised, any sums for the payment of pensions or other benefits.

146

M.R.M. 2020 UNIVERSAL REGISTRATION DOCUMENT