| 2016 | 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|---|
Member of the Management Board | Member of the Management Board 2016
| Member of the Management Board 2017
| Member of the Management Board 2018
| Member of the Management Board 2019
| Member of the Management Board 2020
|
Compensation | Compensation 2016 2,560,284 | Compensation 2017 2,296,252 | Compensation 2018 2,338,252 | Compensation 2019 1,512,000 | Compensation 2020 1,513,000 |
(Change compared with the previous financial year) | (Change compared with the previous financial year) 2016 -37.07% | (Change compared with the previous financial year) 2017 -10.31% | (Change compared with the previous financial year) 2018 +1.83% | (Change compared with the previous financial year) 2019 -35.34% | (Change compared with the previous financial year) 2020 +0.07% |
Ratio to average employee compensation | Ratio to average employee compensation 2016 31 | Ratio to average employee compensation 2017 28 | Ratio to average employee compensation 2018 29 | Ratio to average employee compensation 2019 18 | Ratio to average employee compensation 2020 17 |
(Change compared with the previous financial year) | (Change compared with the previous financial year) 2016 - 38.09% | (Change compared with the previous financial year) 2017 - 8.80% | (Change compared with the previous financial year) 2018 + 2.43% | (Change compared with the previous financial year) 2019 - 37.80 % | (Change compared with the previous financial year) 2020 - 8,58% |
Ratio to median employee compensation | Ratio to median employee compensation 2016 41 | Ratio to median employee compensation 2017 37 | Ratio to median employee compensation 2018 37 | Ratio to median employee compensation 2019 23 | Ratio to median employee compensation 2020 20 |
(Change compared with the previous financial year) | (Change compared with the previous financial year) 2016 - 38.84 % | (Change compared with the previous financial year) 2017 - 9.32 % | (Change compared with the previous financial year) 2018 + 1.12 % | (Change compared with the previous financial year) 2019 - 37.92 % | (Change compared with the previous financial year) 2020 - 12.96 % |
Member of the Management Board | Member of the Management Board 2016
| Member of the Management Board 2017
| Member of the Management Board 2018
| Member of the Management Board 2019
| Member of the Management Board 2020
|
| Compensation | Compensation 2016 1,816,560 | Compensation 2017 1,541,363 | Compensation 2018 1,446,863 | Compensation 2019 1,092,357 | Compensation 2020 1,032,357 |
(Change compared with the previous financial year) | (Change compared with the previous financial year) 2016 +73.57% | (Change compared with the previous financial year) 2017 -15.15% | (Change compared with the previous financial year) 2018 -6.13% | (Change compared with the previous financial year) 2019 - 24.50% | (Change compared with the previous financial year) 2020 - 5.49% |
Ratio to average employee compensation | Ratio to average employee compensation 2016 22 | Ratio to average employee compensation 2017 19 | Ratio to average employee compensation 2018 18 | Ratio to average employee compensation 2019 13 | Ratio to average employee compensation 2020 11 |
(Change compared with the previous financial year) | (Change compared with the previous financial year) 2016 + 70.75% | (Change compared with the previous financial year) 2017 - 13.72% | (Change compared with the previous financial year) 2018 - 5.58% | (Change compared with the previous financial year) 2019 - 27.38% | (Change compared with the previous financial year) 2020 - 13.66% |
Ratio to median employee compensation | Ratio to median employee compensation 2016 29 | Ratio to median employee compensation 2017 25 | Ratio to median employee compensation 2018 23 | Ratio to median employee compensation 2019 17 | Ratio to median employee compensation 2020 14 |
(Change compared with the previous financial year) | (Change compared with the previous financial year) 2016 + 68.68% | (Change compared with the previous financial year) 2017 - 14.21% | (Change compared with the previous financial year) 2018 - 6.78% | (Change compared with the previous financial year) 2019 - 27.52% | (Change compared with the previous financial year) 2020 - 17.79% |
Membre du Directoire (Steve King(7)) | Membre du Directoire (Steve King(7)) 2016
| Membre du Directoire (Steve King(7)) 2017
| Membre du Directoire (Steve King(7)) 2018
| Membre du Directoire (Steve King(7)) 2019
| Membre du Directoire (Steve King(7)) 2020
|
Compensation | Compensation 2016 4,123,293(8) | Compensation 2017 2,133,811(9) | Compensation 2018 3,017,105 | Compensation 2019 2,731,562 | Compensation 2020 2,099,397 |
(Change compared with the previous financial year) | (Change compared with the previous financial year) 2016 - 11.79% | (Change compared with the previous financial year) 2017 - 48.25 % | (Change compared with the previous financial year) 2018 + 41.40% | (Change compared with the previous financial year) 2019 - 9.46% | (Change compared with the previous financial year) 2020 - 23.14% |
Ratio to average employee compensation | Ratio to average employee compensation 2016 50 | Ratio to average employee compensation 2017 26 | Ratio to average employee compensation 2018 38 | Ratio to average employee compensation 2019 33 | Ratio to average employee compensation 2020 23 |
(Change compared with the previous financial year) | (Change compared with the previous financial year) 2016 - 13.22% | (Change compared with the previous financial year) 2017 - 47.38% | (Change compared with the previous financial year) 2018 + 42.23% | (Change compared with the previous financial year) 2019 - 12.91% | (Change compared with the previous financial year) 2020 - 29.78% |
Ratio to median employee compensation | Ratio to median employee compensation 2016 66 | Ratio to median employee compensation 2017 34 | Ratio to median employee compensation 2018 48 | Ratio to median employee compensation 2019 42 | Ratio to median employee compensation 2020 28 |
(Change compared with the previous financial year) | (Change compared with the previous financial year) 2016 - 14.27% | (Change compared with the previous financial year) 2017 - 47.67% | (Change compared with the previous financial year) 2018 + 40.42% | (Change compared with the previous financial year) 2019 - 13.09% | (Change compared with the previous financial year) 2020 - 33.15% |
(1) As Net Revenue is only available from the year 2017, the Groupe’s performance for 2016 is based on Revenue.
(2) Élisabeth Badinter’s term of office as Chairman of the Supervisory Board ended on May 31, 2017. Maurice Lévy took over as Chairman of the Supervisory Board on June 1, 2017.
(3) In order to provide a valid financial comparison, the compensation paid to Élisabeth Badinter in 2017 was annualized (i.e. euro 300,000) for the purposes of calculating ratios and changes in compensation compared with the previous financial year.
(4) The 2017 ratios take into account the compensation paid to Élisabeth Badinter in 2017, the portion of the compensation of Maurice Lévy solely pertaining to the period from June 1 to December 31, 2017 having been paid in 2018.
(5) The term of office of Maurice Lévy as Chairman of the Management Board ended on May 31, 2017. Arthur Sadoun took over as Chairman of the Management Board as from June 1, 2017.
(6) In order to provide a valid financial comparison, the ratio for 2017 and the evolution of compensation, compared with the previous financial year, were calculated on the basis of the following basis: firstly the compensation paid in 2017 to the outgoing Chairman of the Management Board, Maurice Lévy, adjusted to reflect (1) the period compensated (namely 12 months in 2016 and the first five months in 2017, i.e. a total of 17 months) and (2) the effective term of the outgoing Chairman of the Management Board for 2017, i.e. five months, the compensation thus calculated for 2017 amounts to euro 1,041,667; and secondly, the compensation paid in 2017 for the incoming Chairman of the Management Board, Arthur Sadoun, i.e. euro 2,276,105, thus a total amount of euro 3,317,772.
(7) The term of Kevin Roberts as a member of the Management Board ended on August 31, 2016. The term of office of Steve King as a member of the Management Board began on June 1, 2017.
(8) The compensation paid in respect of 2016 to Kevin Roberts was annualized (i.e. euro 4,123,293) for the purposes of calculating ratios.
(9) The compensation paid in respect of 2017 to Steve King was annualized (i.e. euro 2,133,811) for the purposes of calculating ratios.
The 2021-02 position-recommendation of the AMF and the Afep-Medef Code recommends a standardized presentation of the compensation of executive corporate officers of companies whose securities are traded on a regulated market.
