In accordance with Dutch law, the company now proposes an advisory vote on the remuneration granted to the executive and on the remuneration policies of the Board and the Management Board.
With regard to the executive's 2019 compensation, the company's communication falls far short of its CAC 40 peers and is not commensurate with a company of the scale of STMicroelectronics. It does not make it possible to understand how the amounts awarded were determined.
With regard to the compensation policies of the Board and the Management Board, the Company does not disclose any information on the amounts involved or the structure of compensation, or the conditions underlying the allocation of the various variable compensation packages.
STMicroelectronics is a global independent semiconductor company that designs, develops, manufactures and markets a broad range of semiconductor integrated circuits (“ICs”) and discrete devices. Co. offers a diversified product portfolio and develops products for a wide range of market applications, including automotive products, computer peripherals, telecommunications systems, consumer products, industrial automation and control systems. Within its diversified portfolio, Co. is focused on developing products that leverage its technological strengths in creating customized, system-level solutions with digital and mixed-signal content.
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