Banken for en verden i endring The bank for a ... - BNP Paribas

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Banken for en verden i endring The bank for a ... - BNP Paribas

• report of the Chairman / corporate governance at BNp paribas

REmuNERATION

Remuneration of corporate officers:

• acting on a report from the Compensation

Committee, the Board examined the remunerations

of Michel Pébereau, Baudouin

Prot, Georges Chodron de Courcel and Jean

Clamon, corporate officers (1) . It decided upon

the variable portions of their remunerations for

2005, confirming that these variable portions

matched trends in Group results. At that time,

the Board was briefed on the evaluation of

corporate officers’ performance conducted by

the Corporate Governance and Nominations

Committee.

The Board set the fixed portions of their

remunerations for 2006, as well as the bases

for determining the variable portions, after

having reviewed the practices in this area of

comparable European banks. It updated the

set of objectives-based individual criteria used

to determine the variable portion of corporate

officers’ remuneration.

(1) AFEP-MEDEF 2003 (15.3.1).

(2) AFEP-MEDEF 2003 (15.3.1).

(3) AFEP-MEDEF 2007 and AFEP-MEDEF 2003 (15.3).

• Neither the Chairman nor the Chief Executive

Officer were involved in the preparation of decisions

concerning their remuneration, nor did

they take part in the Board’s vote on decisions

setting their remuneration.

• In accordance with Group policy, the detailed

individual amount of remuneration paid to the

four corporate officers was presented at the

Annual General Meeting of 26 May 2006.

• Based on a report from the Compensation

Committee, the Board took note of the fixed

remuneration and variable portions set for

2006 for members of the Executive Committee

other than corporate officers (2) .

Detailed and individual information on

the remuneration policy applied to corporate

officers is provided in section 2.1 of

the Registration document (3) , which

also reports on the implementation of

the AFEP-MEDEF recommendations

of January 2007 on the remuneration of

corporate officers of listed companies.

156

CORPORATE GOvERNANCE

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