Remuneration of the members of the Board of Directors

In 2017 following remunerations were paid to the members of the Board of Directors and executive management in their capacity as Director (no performance related remunerations are paid to the non-executive Directors):

Name Represented by Function Board of Directors Audit committee Remuneration and nomination committee TOTAL
Fixed remuneration Pro rata Fixed remuneration Pro rata Fixed remuneration Pro rata
Mr. M. Delbaere President of the Board 22 000 22 000 1 500 1 500 47 000
Mrs. J. Sioen-Zoete Member 11 000 11 000 22 000
M.J.S. Consulting BVBA Mrs. M. Sioen Managing director 11 000 11 000 22 000
D-Lance BVBA Mrs. D. Sioen Member 11 000 11 000 22 000
P. Company BVBA Mrs. P. Sioen Member 11 000 8 800 19 800
Dirk Meeus Burg. ven. acting as a BVBA Mr. D. Meeus Member 11 000 11 000 4 000 4 000 750 750 31 500
Lemon Comm. V Mr. J. Noten Director 11 000 11 000 4 000 3 000 750 750 30 500
Mr. P. Macharis Director 11 000 11 000 22 000
Mr. L. Vandewalle Director 11 000 11 000 6 000 6 000 34 000
Total 110 000 107 800 14 000 13 000 3 000 3 000 250 800

M.J.S. Consulting, represented by Mrs. Michèle Sioen, received in 2017, in her capacity of CEO and next to her remuneration as a member of the Board of Directors, a fixed remuneration of EUR 575 000, a variable remuneration of 120 434 EUR and a compensation for other expenses (mainly car expenses) amounting to EUR 32 618 .

Jack Projects, represented by Mrs. Jacqueline Sioen-Zoete, received in 2017 , additionally, in the context of a service agreement, a remuneration of EUR 120 000 and a compensation for other expenses (mainly car expenses) amounting to EUR 22 600.

The other members of the executive management(1), including Directors in their capacity as member of executive management, received in 2017 a fixed remuneration of EUR 3 018 693 (excluding CEO), a variable remuneration of EUR 354 645 and a compensation for other expenses (mainly car expenses) amounting to EUR 186 145.

(1) The executive management consists of executive Directors and members of the Management Committee

Other

In 2017 there were no shares, share options or other rights to acquire shares of Sioen Industries attributed to the CEO nor the other members of the executive management. There are no retirement benefit plans.