not-included | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Member of the Management Board (Jean‑Michel Etienne/Michel‑Alain Proch(1)(2)) | not-inclued | not-inclued | not-inclued | not-inclued | not-inclued |
Compensation | 1,937,339 | 1,938,339 | 1,776,149 | 1,200,000 | 1,284,566 |
(Change compared with the previous financial year) | -17.15% | +0.05% | -8.37% | -32.44% | +7.05% |
Ratio to average employee compensation | 23 | 21 | 19 | 12 | 12 |
(Change compared with the previous financial year) | -20.30% | -8.59% | -8.23% | -37.34% | -2.37% |
Ratio to median employee compensation | 30 | 26 | 25 | 16 | 15 |
(Change compared with the previous financial year) | -20.46% | -12.97% | -4.01% | -36.80% | -3.80% |
Member of the Management Board (Anne‑Gabrielle Heilbronner)(1) | not-inclued | not-inclued | not-inclued | not-inclued | not-inclued |
Compensation | 1,305,027 | 1,245,027 | 1,425,027 | 1,212,857 | 1,135,430 |
(Change compared with the previous financial year) | -9.80% | -4.60% | +14.46% | -14.89% | -6.38% |
Ratio to average employee compensation | 16 | 14 | 16 | 12 | 11 |
(Change compared with the previous financial year) | -13.24% | -12.84% | +14.62% | -21.07% | -14.62% |
Ratio to median employee compensation | 20 | 17 | 20 | 16 | 13 |
(Change compared with the previous financial year) | -13.41% | -17.02% | +19.90% | -20.38% | -15.87% |
Member of the Management Board (Steve King(1)(3)) | not-inclued | not-inclued | not-inclued | not-inclued | not-inclued |
Compensation | 3,257,756 | 2,625,591 | 3,306,453 | 3,082,913 | n/a |
(Change compared with the previous financial year) | +7.98% | -19.40% | +25.93% | -6.76% | n/a |
Ratio to average employee compensation | 39 | 29 | 36 | 31 | n/a |
(Change compared with the previous financial year) | +3.86% | -26.37% | +26.12% | -13.53% | n/a |
Ratio to median employee compensation | 50 | 35 | 46 | 40 | n/a |
(Change compared with the previous financial year) | +3.66% | -29.90% | +31.92% | -12.78% | n/a |
With the increase between 2022 and 2023 in the average (+10%) and median (+11%) annual compensation of the Groupe’s employees, the equity ratios for the 2023 financial year are stable compared to those of 2022. The increase in Mr. Arthur Sadoun's ratio is explained by the Groupe’s excellent results in 2022, which were reflected in the annual variable compensation paid in 2023 in respect of the outperformance.
Position‑recommendation 2021‑02 of the AMF and the Afep‑Medef Corporate Governance Code recommends a standardized presentation of the compensation of executive corporate officers of companies whose securities are traded on a regulated market.