With respect to the specific situation of the Company, the Board of Directors also voted that it may depart from, or adapt some of these recommendations, notably the following: those relating to the termination of an existing employment contract in the event of the appointment to an executive position; and those relating to the grant of share options or shares at no cost to a recipient on which occasion the Board may decide not to comply with the obligation to acquire a defined quantity of shares upon exercise of options, or not to set the relative proportion of these grants to executive directors compared with their total remuneration.
The report drafted by the Chairman of the Board of Directors in accordance with applicable provisions of article L.225-38 of the Commercial Code will explain why certain of the October 2008 AFEP/MEDEF recommendations were not adopted by the Company and will also set out the rules used by the Company in that respect.
About Global Graphics
Global Graphics (http://www.globalgraphics.com) is a leading developer of technology for open document and print solutions. It provides sophisticated high performance software components to the graphic arts/commercial print and digital print markets and for electronic document software applications. The Company supplies its RIPs, edocument, workflow and color solutions mostly to a customer base of Original Equipment Manufacturers (OEMs), system integrators, software developers and resellers. These partners include the world’s leading vendors of digital pre-press systems, large-format color printers, color proofing systems, digital copiers and printers for the corporate and SOHO (Small Office / Home Office) markets, and a wide variety of market leading software applications.