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INFORMATION REGARDING THE COMPANY AND CORPORATE GOVERNANCE
7
Compensation of the Chairman of the Board of Directors
The compensation of Mr. Gilles Kohler in his capacity as Chairman of the Board of Directors was set on the advice of the Compensation Committee.
It includes a fixed amount for the corporate mandate. Mr. Gilles Kohler does not have any variable compensation, or directors’ fees and free
performance-based shares. He has a company car.
GILLES KOHLER
CHAIRMAN OF BOARD OF DIRECTORS OF LISI S.A.
2017
2016
Remuneration due for the period
152,041
531,438
Valuation of the options granted during the financial year
None
None
Valuation of the performance shares granted during the financial year
None
None
Valuation of the shares granted during the financial year
None
None
TOTAL
152,041
531,438
The tables summarizing the compensation of the Chairman of the LISI S.A. Board of Directors are as follows in euros:
GILLES KOHLER
CHAIRMAN OF BOARD OF DIRECTORS OF LISI S.A.
Amounts for financial 2017
Amounts for financial 2016
due
paid
due
paid
Fixed remuneration
150,000
150,000
265,399
337,948
Variable compensation
None
None
None
194,000
Incentives
None
17,809
17,530
24,264
Compensation on retirement
None
None
246,028
246,028
Exceptional remuneration
None
None
None
None
Benefits in kind*
2,041
2,041
2,480
2,524
TOTAL
152,041
169,850
531,438
804,764
* Benefits in kind: company car.
Compensation of the CEO and the Deputy CEO
In 2017, the variable portion of executive compensation is capped at 65%
of the fixed remuneration. The allocation formula for the criteria used to
determine the variable portion is as follows:
–
–
operatingmargin representing 25%of the fixed remuneration;
–
–
free Cash Flow rate representing 15%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:
EMMANUEL VIELLARD
CEO OF LISI S.A.
2017
2016
Remuneration due for the period
606,365 588,824
Valuation of the options granted during the financial year
None
None
Valuation of the performance shares granted during the financial year*
179,492
146,225
TOTAL
785,857 735,049
* Valuation at the share price prevailing on the date of the Board of Directors meeting which approved the plan, i.e. €29.25 for the 2016 plan and €39.02 for the 2017 plan.
LISI 2017 FINANCIAL REPORT