Ubisoft 2016 Annual Report Download - page 54

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Governance, risks, riskmanagement andinternalcontrol
3Compensation of corporate offi cers
AMOUNTS PAID FOR THE FINANCIALYEAR ENDED MARCH31, 2016
Board of Directors Audit Committee Compensation
Committee Appointments
Committee
TOTALFixed Variable Fixed Variable Fixed Variable Fixed Variable
Yves Guillemot €16,000 €24,000 €40,000
Claude Guillemot €16,000 €24,000 €40,000
Michel Guillemot €16,000 €24,000 €40,000
Gérard Guillemot €16,000 €24,000 €40,000
Christian Guillemot €16,000 €24,000 €40,000
Estelle Métayer €16,000 €24,000 €5,000 €10,000(2) €55,000
Didier Crespel €16,000 €24,000 €15,000 €10,000(1) €3,000 €68,000
Laurence Hubert-Moy €16,000 €24,000 €10,000(1) €10,000(2) €2,500 €3,000(3) €65,500
Pascale Mounier €16,000 €24,000 €40,000
TOTAL DIRECTORS’ FEES
PAID DURING FY2016 €428,500
(1) Audit Committee: four meetings held during FY2016
(2) Compensation Committee: seven meetings held during FY2016
(3) Appointments Committee: three meetings held during FY2016
❙ 3.2.2 COMPENSATION PAID TO
CORPORATE EXECUTIVE OFFICERS
The compensation paid to corporate executive offi cers (Chairman
and Chief Executive Offi cer and Executive Vice Presidents) is
set by the Board of Directors and based on a proposal from the
Compensation Committee, which bases its recommendation on
benchmark studies of large fi rms and/or companies operating in
the same business sector, or industries facing the same economic,
technological and competitive challenges. However, it is worth
noting that compensation practices vary considerably depending
on the country of origin and legal structure of competitors.
The compensation of corporate executive offi cers takes into account
the relevant recommendations of the AFEP-MEDEF Code as well
as Ubisoft’s corporate values and culture. The Company therefore
intends to implement the compensation tools and systems that are
best able to promote sustainable performance, a long-term vision
and the sharing of business risk, notably through investment in
the share capital, while ensuring that the compensation granted
is consistent with that of Group employees (including that of the
Executive Committee in particular) and that the compensation
systems are in line with the values of the Group.
3.2.2.1 Compensation of the Chairman
andChief Executive Offi cer
After researching shareholder expectations in terms of transparency
of information, the Compensation Committee has decided to provide
more details on the quantitative and qualitative criteria and on the
calculation methods used for the annual variable compensation of
the Chairman and Chief Executive Offi cer.
Below, the information from the 2015 “Say on Pay” table is compared
to that from the 2016 table (see 3.2.4.1).
Due to the fact that the exceptional compensation component
introduced during the fi nancial year ended March 31, 2015 was
not offered during the past fi nancial year, there is no comparison
to be made in this regard.
- Registration Document 2016
52