2007 - April

1.0
Management report
NAME
FUNCTION
Gross compensation (in euros)
Fixed Variable Exceptional Director’s fees
Benefits
in kind
Total
compensation
Compensation-related
commitments
2006 2007 2006 2007 2006 2007 2006 2007 2006 2007 2006 2007 2006 2007
Bernard BELLETANTE Director (3) 0 0 0 0 0 0 13,000 14,000 0 0 13,000 14,000 0 0
Jean-Claude AUGROS Director (3) 0 0 0 0 0 0 10,000 10,000 0 0 10,000 10,000 0 0
Philippe MARCEL Director (3) 0 0 0 0 0 0 10,000 10,000 0 0 10,000 10,000 0
Gilles DUPIN Director (4) 0 0 0 0 0 0 3,000 3,000 0 0 3,000 3,000 0 0
Jean GATTY
(until December 2006)
Director 0 0 0 0 0 0 12,000 14,000 0 0 12,000 14,000 0 0
Gilles PARDI Director (3) 0 0 0 0 0 0 0 4,000 0 0 0 4,000 0 0
André ARRAGO Director (3) N/A 0 N/A 0 N/A 0 N/A 0 N/A 0 N/A 0 N/A 0
Jean-Yves NOUY Director (3) N/A 0 N/A 0 N/A 0 N/A 0 N/A 0 N/A 0 N/A 0
Chairman of the
Dominique CHALOPIN
Executive Board 237,131 214,732 149,429 160,000 0 0 0 0 6,168 6,168 392,728 380,900 355,696 (1) 322,098 (1)
(until Aug 28,) (4)
Patrick PETITJEAN
Executive Board
member (until
Aug 28, 2007) (4)
220,200 213,000 140,000 140,000 0 0 0 0 7,200 16,168 367,400 369,168 330,300 (1) 319,500 (1)
Erick BERVILLE
Daniel COLLIGNON
Executive Board
member (until
Aug 28, 2007) (4)
Executive Board
member (until
Aug 28, 2007) (4)
182,685 127,311 86,000 70,000 0
321,727
(2)
0 0 5,481 3,744 274,166 522,782 274,027 (1) 0
135,208 250,000 0 110,000 0 0 0 0 0 8,555 135,208 368,555 300,000 (1) 375,000 (1)
(1) Compensation due in the event of dismissal
(2) Compensation for dismissal paid in October 2007
(3) Following the change of the company’s management and administration
structure, with the adoption of the Board of Directors system at the General
Meeting on August 28 th , 2007, the members of the company’s Supervisory
Board became directors.
(4) Date on which the company changed its management and administration
structure, with the adoption of the Board of Directors system.
The variable compensation packages paid out in 2007 are based
on compliance with the following objectives that were set for
2006:
Compliance with budgetary objectives;
Development of new business;
Development of new business; Steering of companies under
the responsibility of the head of the division concerned and
integration of new companies;
Compliance with qualitative criteria on customer and
employee satisfaction.
Furthermore, certain officers have been granted stock options
as described in Section 5.2.2. of the reference document.
In this respect, the Executive Board meeting on April 26 th ,
2007 decided to award stock options to certain Group
employees and company corporate officers, with its members
specifying that beneficiaries who are APRIL GROUP corporate
officers should hold 30% of the shares resulting from the
exercising of their stock options on a registered basis through
to the end of their offices as corporate officers.
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