The Appointments, Remuneration & Governance Committee meeting of 7 February 2020 reviewed the policy regarding compensation of the Chairman & Chief Executive Officer and decided to recommend to the Board of Directors that the principles and criteria for the determination of items comprising his compensation be maintained for the 2020 fiscal year.
On recommendation from the Committee, the Board meeting on 13 February 2020 decided to maintain the fixed annual compensation of the Chairman & Chief Executive Officer for the 2020 fiscal year at €450,000 gross. The Chairman & Chief Executive Officer’s compensation also includes benefits in kind amounting to €3,660.
In 2019, Mr. Jean-Bernard Lévy did not receive any compensation for his terms of office as a Director (compensation allocated to Directors for their work in accordance with Article L. 22545 of the French Commercial Code) and as Chairman of the Board of Directors. He also did not receive any compensation for the positions held at companies controlled by EDF, or any compensation of any kind whatsoever from the companies it controls.
The Company allocated no stock options to the Chairman & Chief Executive Officer in 2019 and no options were exercised during the fiscal year. Similarly, no bonus shares were allocated to the Chairman & Chief Executive Officer during the past fiscal year, and none became available.
Mr. Jean-Bernard Lévy did not receive any hiring bonus from EDF.
| Executive Corporate Officer | Employment contract | Supplemental pension plan | Compensation or benefits due or liable to be due for termination or modification of duties | Non-competition clause compensation |
|---|---|---|---|---|
| Jean-Bernard Lévy, Chairman & Chief Executive Officer | Jean-Bernard Lévy, Chairman & Chief Executive Officer Employment contract no | Jean-Bernard Lévy, Chairman & Chief Executive Officer Supplemental pension plan no | Jean-Bernard Lévy, Chairman & Chief Executive Officer Compensation or benefits due or liable to be due for termination or modification of duties no | Jean-Bernard Lévy, Chairman & Chief Executive Officer Non-competition clause compensation no |
*Table 11 of AMF position-recommendation no. 2009-16.
The tables below shows the gross amounts of compensation allocated for the 2018 and 2019 fiscal years and paid to the members of the Board of Directors for their terms of office, in accordance with Article L. 225-45 of the French Commercial Code. No exceptional compensation or any other type of compensation was paid to Directors during the 2018 and 2019 fiscal years.
| Directors whose terms of office are ongoing on 31 December 2019 | 2018 | 2019 |
|---|---|---|
| Véronique Bédague-Hamilius(2) | Véronique Bédague-Hamilius (2)2018 n/a | Véronique Bédague-Hamilius (2)2019 761 |
| Bruno Crémel(2) | Bruno Crémel (2)2018 n/a | Bruno Crémel (2)2019 27,141 |
| François Delattre (2) | François Delattre (2)2018 n/a | François Delattre (2)2019 18,330 |
| Gilles Denoyel(2) | Gilles Denoyel (2)2018 n/a | Gilles Denoyel (2)2019 27,141 |
| Marie-Christine Lepetit | Marie-Christine Lepetit 2018 46,258 | Marie-Christine Lepetit 2019 45,745 |
| Jean-Bernard Lévy | Jean-Bernard Lévy 2018 n/a | Jean-Bernard Lévy 2019 n/a |
| Colette Lewiner | Colette Lewiner 2018 49,806 | Colette Lewiner 2019 51,011 |
| Laurence Parisot | Laurence Parisot 2018 37,742 | Laurence Parisot 2019 35,213 |
| Claire Pedini | Claire Pedini 2018 41,290 | Claire Pedini 2019 44,574 |
| Philippe Petitcolin(2) | Philippe Petitcolin (2)2018 n/a | Philippe Petitcolin (2)2019 20,705 |
| Michèle Rousseau | Michèle Rousseau 2018 36,323 | Michèle Rousseau 2019 37,553 |
| Martin Vial | Martin Vial 2018 39,161 | Martin Vial 2019 39,309 |
| TOTAL (IN EUROS) | TOTAL (IN EUROS)2018 250,580 | TOTAL (IN EUROS)2019 347,483 |
n.a.: not applicable.
(1) The compensation allocated for a fiscal year includes the entirety of the fixed portion and the variable portion due for the fiscal year.
(2) Directors whose terms of office began during the 2019 fiscal year.
