155
Annual Report -
2013
-
Vivendi
Information About The Company |
Corporate Governance
| Reports
3
Performance Shares
3.4.8.
Options Exercised in 2013 by Corporate Directors (AMF Recommendations, Table 5)
In 2013, no corporate director exercised stock options.
3.4.9.
Conditions for Corporate Directors to Hold Shares Received from the Exercise
of Stock Options and Awards of Performance Shares
At its meeting held on March 6, 2007, pursuant to Articles L.225-185
and L.225-197-1 of the French Commercial Code, the Supervisory Board
approved rules for members of the Management Board in relation
to holding shares received from the exercise of stock options and
performance shares awarded since 2007.
Members of the Management Board must hold, until the end of their
term of office, and in a registered account, a number of shares received
from the exercise of stock options and performance shares awarded
since implementation of the 2007 plan that is equal to at least 20% of
the net capital gain on acquisition recognized each year, if any, from the
date of exercise of the options or sale of the performance shares.
3.4.10.
Conditions Specific to Vivendi
Moreover, from January 1, 2007, the Chairman of the Management
Board, the members of the Management Board and of General
Management, and senior executives of the business units (30
beneficiaries) must, within five years, each set up a portfolio of
Vivendi shares corresponding respectively to three years, two years
and one year of gross compensation (fixed compensation and target
bonus) and they must each hold them continuously until the end of
their respective terms of office. Each year, the Supervisory Board shall
report on the application of this program and acknowledge its proper
implementation.
