The Lafarge Remunerations Committee proposes management and directors compensation corresponding to developments in the market. The Group systematically informs shareholders of the criteria used to set the compensation of corporate officers.
Breakdown of compensation |
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The Remunerations Committee makes proposals to the
Board of Directors concerning senior management's remuneration, i.e. Bruno
Lafont, Chairman and CEO. This remuneration is comprised of a fixed portion and a variable portion.
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Management compensation – Implementation of the Afep-Medef recommendations |
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Severance arrangement of the Chairman and CEO |
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If, until his employment agreement is terminated, Bruno Lafont were once again to receive the benefits of his employment agreement after his term of office as CEO, in the event of dismissal (for any reason other than serious misconduct or gross negligence), he would receive contractual severance compensation, the conditions of which have been reviewed by the Board in order to take into account the Afep-Medef's recommendations on the subject.
Such severance compensation would therefore be due only insofar as all terms have been fulfilled:
Detailled information on this benefit and the corresponding authorisations from the Board of Directors can be found on pages 111-113 of the 2008 Annual report (Document de référence), available on this website and on the A.M.F.’s website. |
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Last update on 04/15/2010
