3.2.1.5 Compensation policy for the Chairman of the Management Board
The compensation policy for the Chairman of the Management Board is based on the same items as those for all corporate officers set out in Section 3.2.1.1 and includes the items applicable to members of the Management Board presented in Section 3.2.1.4 as well as the specific items detailed below.
Arthur Sadoun, Chairman of the Management Board Structure of the 2023 target compensation(*)
This graphic shows the compensation policy for the Chairman of the Management Board.
Variable compensation subject to performance conditions: 83%.
Long-term compensation 50%
PERFORMANCE CONDITIONS measured over 3 years
85% OF RELATIVE FINANCIAL CRITERIA:
- 35% Organic growth
- 35% Operating margin
- 15% TSR
15% OF NON-FINANCIAL CONDITIONS:
- 7.5% Diversity, Equity and Inclusion
- 7.5% Fight against climate change
Annual variable compensation 33%
PERFORMANCE CONDITIONS
80% OF FINANCIAL CONDITIONS:
- 40% Organic growth (absolute)
- 40% Operating margin (absolute)
20% OF NON-FINANCIAL CONDITIONS
- 10% Diversity, equity and inclusion
- 10% Fight against climate change
Fixed compensation without performance conditions: 17%
Fixed compensation 17%
(*)To which are added peripheral elements (collective health and welfare insurance plans, other benefits in kind), as well as the annualized amount of the five-year retention contract (although paid at the end of the contract).