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

Work

In 2006, the Committee met twice, with

all members attending (in person or via

teleconferencing).

• It examined the remunerations of Michel

Pébereau, Baudouin Prot, Georges Chodron

de Courcel and Jean Clamon, the corporate

officers. It set the amount of the variable portion

payable in respect of 2005, determined

the fixed remuneration for 2006 and defined

the method for determining the variable remuneration

of the corporate officers for 2006.

• It was informed of the remunerations of the

members of the Executive Committee.

• It defined the terms and conditions for granting

stock options and bonus shares for 2006,

approved the list of beneficiaries and specified

the method for calculating the initial exercise

price as well as the exercise prices following

the increase in share capital of BNP Paribas.

• It noted the fulfilment of the conditions precedent

provided for in the 2001 and 2002 stock

option plans.

• It adapted the system governing grants of

stock options and bonus shares in the event

that the beneficiary resigns or is terminated.

Remuneration of directors

The Committee examined the allocation of

directors’ fees against the overall appropriation

set by shareholders at the Annual General

Meeting of 18 May 2005.

The individual amount of directors’ fees was

unchanged compared to 2005, except as

regards the Chairman of the Compensation

Committee and the Chairman of the Corporate

Governance and Nominations Committee,

for whom the fixed portions were reduced

to EUR 6,000 instead of EUR 9,000 for the

Chairman of the former Compensation and

Nominations Committee.

168

CORPORATE GOvERNANCE

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