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Expert Corporate Governance Service (ECGS)
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Ingenico - AGM and EGM 11 June 2019

On 5 November 2018, Chairman and Chief Executive Officer Philippe Lazare was replaced by Nicolas Huss as Chief Executive Officer and Bernard Bourigeaud as Chairman of the Board. The functions of Chairman and Chief Executive Officer are now separated.

This change leads to approval of the cooptation and appointment of Nicolas Huss to the Board of Directors (resolutions 7 and 8).

 The Board's high level of independence (67%) also allows us to support the other five appointments and renewals of directors (resolutions 9 to 13).

 REMUNERATION

 The remuneration due to Philippe Lazare for 2018 will be supported. Indeed, the latter has waived his annual bonus and the severance payment of € 1.5 million does not seem excessive compared to a stock market trajectory during his term as Chief Executive Officer (2007-2018), which saw the share price triple (resolution 14).

 Due to a lower fixed remuneration than his predecessor, Nicolas Huss' remuneration policy for 2019 will be supported despite a structure that could be improved (resolution 17).

Underlying
Ingenico Group

Ingenico Group is a business technology company, operating in 125 countries. Co. designs, develops and supplies payment terminals, offering mercantile payment solutions, cross-border and global payment services and certified global service platform. Co.'s services are done around Payment terminals and software; Terminal estate management, security application updates; Connectivity ensuring the terminal-to-bank host connection; Full after-sales service taking charge of every phase in the lifecycle of terminals and software; 24/7, from installation, maintenance & repair to upgrades; Centralization of transactions; End-to-end security - from terminal to bank or processor..

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Proxinvest
Proxinvest

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