3.2.1.7 Compensation policy for Michel-Alain Proch, member of the Management Board
The compensation policy for Michel-Alain Proch is based on the same items as those for all corporate officers set out in Section 3.2.1.1 and includes the items applicable to members of the Management Board presented in Section 3.2.1.4 as well as the specific items presented below.
Michel-Alain Proch, member of the Management Board Structure of the 2023 target compensation(*)
This graphic represents the compensation policy for Michel-Alain Proch, member of the Management Board.
Variable compensation subject to performance conditions: 75%
- Long-term compensation 50%
PERFORMANCE CONDITIONS measured over 3 years
- 90% OF RELATIVE FINANCIAL CRITERIA:
45% Organic growth
45% Operating margin
- 10% OF NON-FINANCIAL CONDITIONS:
5% Diversity, equity and inclusion
5% Fight against climate change
- Annual variable compensation 25%
PERFORMANCE CONDITIONS
- 80% OF FINANCIAL CONDITIONS:
15% Organic growth (absolute)
15% Operating margin (absolute)
10% TSR (absolute)
10% Cash flow management (absolute)
10% Debt management (absolute)
20% Personal costs (absolute)
- 20% OF NON-FINANCIAL CONDITIONS:
10% G&A
5% Diversity, equity and inclusion
5% Fight against climate change
Fixed compensation without performance conditions: 25%
- Fixed compensation 25%
(*)To which are added peripheral elements (collective health and welfare insurance plans, pension benefits, unemployment insurance for companydirectors, other benefits in kind).