Members of the Renault Management Committee receive a consideration comprising a fixed and a variable portion. The variable portion is based on the company’s economic performance in the previous year. It comprises five factors: (1) the difference between budgeted and actual operating margin, (2) maximizing the elements between operating margin and net income excluding equity income from Nissan and Volvo, (3) the results achieved in terms of reducing warranty expenses, (4) the reduction in general, commercial and administrative expenses, and (5) an individual criterion related to the performance of the sector for which the member in question is responsible.