Compensation

As part of its corporate governance approach, Arkema has decided to refer to the Corporate Governance Code for AFEP-MEDEF French listed companies.

In accordance with the provisions of the internal regulations of the Board of Directors, the Nominating, Compensation and Corporate Governance committee issues recommendations or propositions concerning the compensation of the Company’s directors.

Compensation of the Chairman and Chief Executive Officer

It consists of:

  • a fixed annual compensation,
  • a variable compensation of up to 150% of the annual fixed compensation based on achieving a number of specific quantitative (growth in EBITDA, recurring cash flow, and margin on variable costs of new developments) and qualitative targets which essentially relate to the implementation of the Group’s strategy.

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Performance shares and stock options

The Arkema Group put in place stock option and free share allocation plans for its employees in order to involve them closely in the Group’s future growth as well as its stock market performance.

The 2010, 2011 and 2012 plans are subject to performance conditions.

During its meeting dated 9 May 2012, the Board of Directors has decided to award 240,000 performance shares to 714 beneficiaries. No stock options have been granted.

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