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
The structure of the Chairman and Chief Executive Officer's annual compensation consists of:
- a fixed part,
- a variable part of up to 180% of the annual fixed compensation based on achieving a number of specific quantitative and qualitative targets which essentially concern the implementation of the Group’s strategy, and
- the award of performance shares entirely subject to the fulfilment of performance conditions.
Performance shares and stock options
Arkema put in place performance shares and stock option plans for its employees in order to involve them closely in the Group’s future growth as well as its stock market performance.
In accordance with the stock-based compensation policy decided by the Board of Directors in 2013, no stock option plan has been implemented since 2012.
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