LISI 2012 FINANCIAL REPORT
129
7
Information regarding the Company and corporate governance
2.9.3 Directors’ Compensation
Managers Corporate officers
Employment
contract
Additional pension
scheme
Allowances or
benefits due or
likely to be due
as a result of
the termination
or change in
functions
Allowances relative
to a
non-competition
clause
Yes
No
Yes
No
Yes
No
Yes
No
Gilles Kohler
Function: Chairman and CEO
X
X
X
X
Term of office start: 1985
Term of office end: 2015
Emmanuel Viellard
Function: Deputy Chairman
X
X
X
X
Term of office start: 2000
Term of office end: 2013
The terms for the salary of the Chairman and Chief Executive
Officer and for the Vice President are approved by the Board of
Directors on the advice of the Compensation Committee.
In 2012, the variable portion of executive compensation is
capped at 65% of the fixed remuneration. The allocation
formula for the criteria used to determine the variable portion
is as follows:
• Operating margin for 20% of the fixed remuneration,
• Free Cash Flow rate representing 20% of the fixed
remuneration,
• Share left at the discretion of the Compensation Committee,
representing 25% of the fixed remuneration.
The tables summarizing the compensation and options and
shares allocated to each corporate officer director of LISI S.A.
are as follows in euros:
Gilles KOHLER
Chairman and CEO of LISI S.A.
2012
2011
Compensation due for the period
461,449 407,785
Valuation of the options allocated during
the period*
None None
Valuation of the performance shares
allocated during the period *
117,230 88,813
Total
578,679 496,597
* Valuation at closing price of December 31, 2011, i.e. €50.75 and 12/31/2012:
€61.70.
Emmanuel VIELLARD
Deputy Chief Executive Officer of LISI S.A.
2012
2011
Compensation due for the period
429,747 366,412
Valuation of the options allocated during
the period*
None None
Valuation of the performance shares
allocated during the period *
114,145 86,275
Total
543,892 452,687
* Valuation at closing price of December 31, 2011, i.e. €50.75 and 31/12/2012:
€61.70 .
