Universal Registration Document 2021

It is guided by three principles:

• competitive and coherent compensation package with regard to market trends;
• internal equity, based on individual and collective performance, in order to ensure fair and balanced compensation reflecting the level of individual success of each person, and the contribution to common projects, measured both quantitatively and qualitatively;
• achieving all the short-, medium- and long-term financial and operating results directly linked with the Groupe’s strategic objectives and for the benefit of our clients, our employees, our shareholders and all stakeholders.

It should be noted that these principles apply to all Groupe executives and are adapted based on the geographical location of the individuals, taking into consideration the differences in terms of regulations, market practices and competitive environment.

Components of the compensation of the members of the Management Board

Management Board members’ compensation comprises (i) a fixed portion, as well as (ii) a substantial variable portion, primarily based on performance and alignment of their interests with those of the Company and its shareholders. This variable compensation is made up of annual variable compensation and long-term variable compensation in the form of performance shares and/or stock options. This compensation structure applicable to the members of the Management Board is in line with that proposed to the Groupe’s top executives.

ARTHUR SADOUN, Chairman of the Management BoardStructure of 2022 compensation target