MRM_REGISTRATION_DOCUMENT_2017

4

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 due and paid, awarded to the Chief Executive Officer for the last two years:

2017

2016

Amounts due Amounts paid

Amounts due Amounts paid

Fixed remuneration

€200,000

€200,000

€200,000

€200,000

Annual variable remuneration Multiyear variable remuneration

€56,000

€72,000

€72,000

€72,000

€107,050 (1)

- - -

- - -

€107,050 (1)

Exceptional remuneration

- -

- -

Directors’ fees

€9,638

€9,638

€9,445

€9,445

Benefits in kind (2)

TOTAL

€265,638

€388,688

€388,495

€281,445

(1) Remuneration paid subsequent to continuing his term of office until the General Meeting to be held in 2017 to approve the financial statements for the year then ended. Multiyear variable remuneration is described above in section 2.2.1. (2) Company car, healthcare (mutual) and personal risk cover.

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

2.2.2 Remuneration of the Chairman of the Board of directors François de Varenne, Chairman of the 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 from SCOR SE remuneration and benefits which are listed below. To this end, 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:

2017

2016

Amounts due Amounts paid

Amounts due Amounts paid

Fixed remuneration

€525,000 €392,007

€525,000 €444,360

€525,000 €444,360

€525,000 €431,550

Annual variable remuneration Multiyear variable remuneration

- - -

- - -

- - -

- - -

Exceptional remuneration

Directors’ fees

€5,217

€5,217

€5,220

€5,220

Benefits in kind (1)

TOTAL

€922,224

€974,577

€974,580

€961,770

(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.

144

M.R.M. 2017 REGISTRATION DOCUMENT