112
I LISI FINANCIALREPORT2013
INFORMATIONREGARDINGTHECOMPANYANDCORPORATEGOVERNANCE
7
2.7.1.3Geographicbreakdownof staff
Thetablebelowshowsthebreakdownofstaffbygeographicarea:
2013
in% 2012 in%
France
4,956
54% 4,840
54%
Europe (excl.France)
1,694
18% 1,640
18%
NorthAmericancontinent
1,584
17% 1,457
16%
Africa
268
3% 260
3%
Asia
737
8% 712
8%
Total
9,239 100% 8,909 100%
2.7.1.42013consolidatedsales revenue
EFTAW*
Voluntary
departures
Turnover rate
9,725
257
2.64%
*Equivalent full-timeaveragewage
2.7.2Incentiveschemes,profit-sharingandcompensationinshares
2.7.2.1Employeeprofit-sharing
a) Profit-sharing and incentive scheme
Profit-sharing
Thefundspaidoutintheformofspecialreservesforprofit-sharingduring
thepast3yearsareas follows (inmillioneuros):
2013
2012
2011
5.4
5.1
3.9
Incentivescheme
Most of the companies within the Group have an incentive system
allowing employees to participate actively in the group’s performance.
Themethods for calculating thesums involveddependon thecriteriaof
eachcompany.
b) GroupSavings Plan (PEG)
In2001, theLISIGroupcreatedasavingsplandubbed "LISIenactions" for
its French companies. This plan facilitated participation in 2001, 2004,
2006and2010 inacapital increasereservedforemployees inthesumsof
€1.47m,€0.8m,€1.18m,and€0.9m, respectively.
For other years, the PEGwas renewed in the form of a repurchase of
shares.
The levels of voluntary contributions by employees, the profit-sharing
and the extent of profit-sharing schemes are set by the company in
accordancewithaschedule.
Benefitsgrantedtoemployeesunderthegroupsavingsplanarerecorded
tothe incomestatementandassessed inaccordancewith IFRS2.
AsatDecember31,2013,the "LISIenactions"planconsistedentirelyofLISI
shares, foratotalof133,250shares,andhad1,613members.
In 2013, the Group savings plan was renewed in the form of a share
repurchaseprogram.
c) Employee shareholding
Thepercentageof share capital heldby theGroup’s employees stoodat
1.2%asatDecember31,2013.
2.7.2.2Compensation inshares
a) Free shares grantingplan
As a reward to several employeeswhohave spent themajority of their
working lives employed within the LISI Group, and who have actively
contributed to its development, the Board of Directors, in itsmeeting
ofOctober24, 2012,with thepermissionof theGeneralMeetingofApril
26,2012,decided toallocate300LISIcompanyshares, freelyandwithout
condition, to fourGroupemployees.
Theplanstipulates thatshares thusallocatedshallbeheld for twoyears,
duringwhichperiodtheymaynotbesoldon.
b) Performance shares plan
2011plan:
Actingon the recommendationof theCompensationCommittee, LISI's
BoardofDirectorsdecided, onOctober 26, 2011,with thepermissionof
the General Meeting of April 29, 2009, to allocate performance shares
tomembers of the Executive Committee and tomembers of themain
Management Committees for the three LISI Group divisions, subject
to theirmeetingall or part of certainperformance targets: reachingon
December31,2013,onecriterion,namelyNetAssetValueofat least€900
million. If theNetAssetValue isbetween€900mand€1,275million, the
shareswouldbe allocated inpart. If theNet Asset Value is higher than
€1,275m, the shareswouldbeallocated in full. Themaximumallocated
numberofshares is43,050sharesandconcerns130Frenchemployees.
Theplanalso stipulates that shares thus allocated shall beheld for two
years,duringwhichperiodtheymaynotbesoldon.
As far as the corporate officers are concerned, the Board of Directors
decided:
1) Inorder to receiveatmaturityall orpartof thePerformanceShares to
which theyareentitled, eachof thecorporateofficerdirectorsshall, at
theendoftheacquisitionperiod,acquire200Companyshares.
2)Thecorporateofficerdirectorsshallretain200ofanyshareswhichmay
havebeen allocated to them registered in their ownname, anduntil
theterminationoftheiremployment.
54employeesoutsideof Francewill benefit frombonusesbasedon the
principlesandconditions,but inthe formofpayandsalaries.
