The Compensation Committee supports the Board of Directors in those duties regarding compensation of key executives.

The members of the Compensation Committee are:

Bernard Sabrier		Chairman
Jean-Pierre Jacquemoud		Independent Director
Marina de Planta		Independent Director
Martin Wenk		Independent Director

The Compensation Committee was set up in 31 October 2003. The Board of Directors is nevertheless ultimately responsible and retains all responsibilities defined by law, articles of association and internal regulations.

The responsibilities of the Compensation Committee include:

• Designing, reviewing and recommending to the Board compensation policies and programs;
• Approving the employment terms of key executives;
• Deciding on the total compensation of the Chairman, the Chief Executive Officer, Deputy Chief Executive Officer, the members of the Executive Committee and other key executives for the past year;
• Deciding on equity incentive plans and rewards attributed to key executives.

The Compensation Committee meets as often as required, but at least once a year. ​

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