Objectives | Results | Objective achievement level | Amount of target variable compensation | Amount of variable compensation to be paid |
|---|---|---|---|---|
Organic growth | Organic growth Results Growth of -6.3% > Commitment adopted in May 2020 | Organic growth Objective achievement level Achieved | Organic growth Amount of target variable compensation €90,000 | Organic growth Amount of variable compensation to be paid €90,000 |
Operating margin | Operating margin Results With an operating margin of 16%, Publicis Groupe is number one in the peer group. | Operating margin Objective achievement level Achieved | Operating margin Amount of target variable compensation €90,000 | Operating margin Amount of variable compensation to be paid €90,000 |
Objectives & Results | Percentage of objective met | Amount of target variable compensation | Amount of variable compensation to be paid |
|---|---|---|---|
Internal audit and controls Target achieved with 74 assignments Renewed IFACI certification Target achieved for internal control testing (coverage rate) Significant reduction in the number of open recommendations | Internal audit and controls Target achieved with 74 assignments Renewed IFACI certification Target achieved for internal control testing (coverage rate) Significant reduction in the number of open recommendations Percentage of objective met Achieved | Internal audit and controls Target achieved with 74 assignments Renewed IFACI certification Target achieved for internal control testing (coverage rate) Significant reduction in the number of open recommendations Amount of target variable compensation €90,000 | Internal audit and controls Target achieved with 74 assignments Renewed IFACI certification Target achieved for internal control testing (coverage rate) Significant reduction in the number of open recommendations Amount of variable compensation to be paid €90,000 |
Procurement Savings target achieved | Procurement Savings target achieved Percentage of objective met Achieved | Procurement Savings target achieved Amount of target variable compensation €90,000 | Procurement Savings target achieved Amount of variable compensation to be paid €90,000 |
Human resources The HRIS was fully rolled out in April 2020 | Human resources The HRIS was fully rolled out in April 2020 Percentage of objective met Achieved | Human resources The HRIS was fully rolled out in April 2020 Amount of target variable compensation €60,000 | Human resources The HRIS was fully rolled out in April 2020 Amount of variable compensation to be paid €60,000 |
Legal Strong activity in 2020, particularly in the areas of personal data, anti-corruption (43,000 people trained online), contracts and investigations | Legal Strong activity in 2020, particularly in the areas of personal data, anti-corruption (43,000 people trained online), contracts and investigations Percentage of objective met Achieved | Legal Strong activity in 2020, particularly in the areas of personal data, anti-corruption (43,000 people trained online), contracts and investigations Amount of target variable compensation €90,000 | Legal Strong activity in 2020, particularly in the areas of personal data, anti-corruption (43,000 people trained online), contracts and investigations Amount of variable compensation to be paid €90,000 |
CSR Rate of 40.4% on the most significant Executive Committees Percentage renewable energies in the energy mix increased by 6.9% | CSR Rate of 40.4% on the most significant Executive Committees Percentage renewable energies in the energy mix increased by 6.9% Percentage of objective met Achieved | CSR Rate of 40.4% on the most significant Executive Committees Percentage renewable energies in the energy mix increased by 6.9% Amount of target variable compensation €90,000 | CSR Rate of 40.4% on the most significant Executive Committees Percentage renewable energies in the energy mix increased by 6.9% Amount of variable compensation to be paid €90,000 |
Total (Financial and non-financial criteria) | Total (Financial and non-financial criteria) Percentage of objective met
| Total (Financial and non-financial criteria) Amount of target variable compensation
| Total (Financial and non-financial criteria) Amount of variable compensation to be paid €600,000 |
Total awarded | Total awarded Percentage of objective met
| Total awarded Amount of target variable compensation
| Total awarded Amount of variable compensation to be paid €600,000 |
On the proposal of the Compensation Committee, the Supervisory Board approved the partial payment of the full amount of the variable compensation of Anne-Gabrielle Heilbronner, in light of the achievement of the objectives detailed above, and which is amply justified in view of the effort to reduce his salary for the Groupe’s benefit, combined with the attainment of the objectives assigned and achieved on account of the Covid-19 crisis, in accordance with Section 3.2.2.3 of this document (i.e. her ability to manage the crisis by 1. taking care of the health and safety of the Groupe’s employees, 2. maintaining smooth operations, 3. protecting revenue and the client portfolios, 4. rigorously managing costs, and 5. taking appropriate measures for the strict management of resources and the protection of the Groupe’s assets). The full achievement of the additional crisis management objectives enabled the Groupe to perform well above the industry average, which allowed it to both reimburse employees for salary reductions and increase the variable compensation package of employees (or teams) in order to fairly reward team performance.s.
In accordance with article L. 22-10-34, II of the French Commercial Code, the General Shareholders’ Meeting must vote on the variable and extraordinary items of total compensation and benefits of any kind paid during the past financial year or awarded for that financial year by means of a separate resolution for each member of the Management Board.
The General Shareholders’ Meeting of May 26, 2021 will thus be asked to vote on the items of compensation paid or awarded in respect of the 2020 financial year to Steve King, member of the Management Board, as set out below. These elements comply with the compensation policy for members of the Management Board for the financial year 2019 presented in Section 3.2.1.4 of the Publicis Groupe SA 2019 Universal Registration Document, as approved by the General Shareholders’ Meeting of May 27, 2020 in its ninth resolution. Given the strong approval of items of compensation at the previous General Shareholders’ Meeting, the items of compensation paid or awarded in respect of the 2020 financial year are in line with those paid or awarded in respect of the 2019 financial year. It should be noted that the fixed, variable and extraordinary items of compensation are subject to the approval of the Ordinary General Shareholders’ Meeting in accordance with the provisions of article L. 22-10-34, II of the French Commercial Code.
These fixed, variable and extraordinary items within the total compensation and benefits of any kind paid during the past financial year or awarded with respect to the same financial year to Steve King, member of the Management Board, are subject to the approval of the General Shareholders’ Meeting of May 26, 2021 in its nineteenth resolution pursuant to article L. 22-10-34, II of the French Commercial Code.
