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INFORMATION REGARDING THE COMPANY AND CORPORATE GOVERNANCE
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LISI 2015 FINANCIAL REPORT
2.5.2 Shares held by corporate officers
In accordance with the Company’s bylaws, the minimum number of LISI shares that each director may hold is one share.
The table below shows the number of shares held by the corporate officers as at December 31, 2015:
Corporate officers
Number of LISI shares held directly
Number of LISI shares held
indirectly
Capucine Allerton
600
Eric Andre
25
Isabelle Carrere
750
Patrick Daher
1,000
Gilles Kohler
70,325
Jean-Philippe Kohler (permanent representative of S.C.)
65,615
Pascal Lebard
50
Lise Nobre
850
Christian Peugeot
5
Thierry Peugeot (permanent representative of CID)
125
29,643,620
Marie-Hélène Roncoroni
Cyrille Viellard (permanent representative of VMC)
3,070,835
Emmanuel Viellard
35,000
Total
174,345
32,714,455
2.5.3 Remuneration of Managers
Employment
contract
Supplementary
pension plan
Compensation or
benefits due or
that may be due
on termination or
change of duties
Compensation
under a non-
compete clause
Managers Corporate officers
Yes
No
Yes
No
Yes
No
Yes
No
Gilles Kohler
Function: Chairman and Chief Executive Officer
X
X
X
X
Term of office start: 1999
Term of office end: 2015
Emmanuel Viellard
Function: Vice-Chairman and Deputy CEO
X
X
X
X
Term of office start: 1999
Term of office end: 2015
The terms for the salary of the Chairman and Chief Executive
Officer and for the Vice-Chairman are approved by the Board of
Directors on the advice of the Compensation Committee.
In 2015, the variable portion of executive compensation is
capped at 75% of the fixed remuneration. The allocation
formula for the criteria used to determine the variable portion
is as follows:
■■
Operating margin representing 30% of the fixed
remuneration.
■■
Free Cash Flow rate representing 20% of the fixed
remuneration.
■■
Rate of achievement of strategic objectives representing 25%
of the fixed remuneration.
The expected level of achievement of the above objectives has
been established precisely but is not released for confidentiality
reasons.
The tables summarizing the compensation and options and
shares allocated to each corporate officer director of LISI S.A.
are as follows in euros: