ITEM 10: The company proposes some majors changes in its Chairman and CEO's 2017 remuneration policy: introduction of a target bonus, decrease in percentage of the maximum bonus, and increase of the fixed remuneration. The latest will mechanically increases every other components of the remuneration policy. The most notable illustration is the maximum bonus: in 2016 it represented 180% of the €1,175,000 fixed remuneration, i.e. €2,115,000 while in 2017, it will represent 167% of a €1,275,000 fixed remuneration. Although this increase is definitely minimal, it irreversibly shows the company’s will to grant even more excessive amounts to its CEO.​
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