Atari 2010 Annual Report Download - page 167

ANNUAL FINANCIAL REPORT – REGISTRATION DOCUMENT
167
During fiscal year 2009/2010, the Audit Committee met 5 times (average attendance rate was 86.7%) to address issues
such as review of the Company’s annual and quarterly financial statements and Internal control processes.
The Nomination and Compensation Committee helps the Board of Directors fulfill its role of overseeing the compensation
policies applicable to Company employees, including senior executives, and takes part in the selection of the Company’s
directors and officers and in verifying that independent directors meet the independence criteria. Also, once a year, under
the authority of the Nomination and Compensation Committee and with the help of the Corporate Secretary, the Board
conducts a self-evaluation of its ability to fulfill the assignment given to it by the shareholders to manage the Company.
During fiscal year 2009/2010, the Nomination and Compensation Committee met 5 times (average attendance rate was
75%) to address issues such as allocations of Directors fees, change in the management team, executive compensation
and the related performance criteria as well as the termination packages related to the changes in the management
team, and stock options allocations to management.
The composition of the Board’s two committees is set forth in the section on “Corporate governance” of this document
pertaining to management, supervisory and oversight bodies.
The two committees each have specific internal rules that set forth what they do and how they work (see “Report by the
Chairman of the Board of Directors on the preparation and organization of the Board’s activities and on internal control
procedures, presented in accordance with Article L. 225-37 of the Commercial Code” on page 172-178).
The Board has also set up two ad hoc committees, which have each met at least one a month:
• The Finance and Resources Committee. As of March 31, 2010, the committee members were Frank
Dangeard and Jeff Lapin.
• The Strategy Committee. As of March 31, 2010, the committee members were Frank E. Dangeard and Jeff
Lapin.
LOANS EXTENDED AND GUARANTEES PROVIDED
During the past fiscal year, no loans were extended or guarantees provided to members of the Board of Directors or
corporate officers.
COMPENSATION OF DIRECTORS AND CORPORATE OFFICERS
This information can be found in section 7 of the chapter
STATUTORY AUDITORS' FEES
This information is presented Note 28 to the Annual Statutory Accounts “Statutory auditors’ fees”.
INFORMATION CONCERNING EMPLOYEE PROFIT SHARINGPROFIT-SHARING PLAN
EMPLOYEE PROFIT-SHARING AGREEMENT
An employee profit-sharing agreement was negotiated on December 15, 1999, for the Group's entities in France. Sums
set aside for employees are calculated in accordance with the profit-sharing formula provided for by law and distributed
to employees on the payroll of the Group’s French entities. The agreement provides that employees have the option to
have their benefits paid into the Group Employee Savings Plan (Plan d'Epargne Entreprise: PEE) (see below).
There is no optional profit-sharing agreement.
EMPLOYEE SAVINGS PLAN (PEE)
An employee savings plan was also set up for the Group’s French entities on December 15, 1999. Employees may pay
into it the sums they receive under the Group profit-sharing plan and make additional voluntary deposits as permitted by
law.
Stock offerings of €1.3 million, €2.5 million and €1.4 million were made to employees in December 2001, June 2003 and
March 2005, respectively.