51.3 Management compensation

The Company’s key management and governance personnel are the Chairman and CEO, the members of the COMEX (Executive Committee) throughout 2019 or since their date of appointment if they joined the COMEX during the year, and the Directors. Directors representing the employees receive no remuneration for their services.

The total compensation paid by EDF and controlled companies to the Group’s key management and governance personnel amounted to €12.6 million in 2019 (€12.4 million in 2018). This amount covered short-term benefits (basic salaries, performance-related salary, profit share and benefits in kind), special IEG post-employment benefits where relevant, and the corresponding employer contributions, plus any director’s fees.

EDF’s key management and governance personnel benefit from no special pension system, starting bonus or severance payment entitlement except by contractual negotiation. EDF’s Chairman and CEO could benefit from a termination indemnity if his term of office were ended.

Note 52 Subsequent events

No developments have occurred since the year-end in addition to those presented in other notes.

Note 53 Scope of consolidation at 31 December 2019

The Group’s activities are defined as follows:

• “Generation/Supply” (G): energy generation and energy sales to industry, local authorities, small businesses and residential consumers. This segment also includes EDF’s commodity trading activities;
• “Distribution” (D): management of the low and medium-voltage public electricity distribution networks;
• “Transmission” (T): operation, maintenance and development of the high-voltage and very-high-voltage electricity transmission networks;
• “Reactors and Services (Framatome)” (R): services and production of equipment and fuel for nuclear reactors;
• “Other” (O): energy services (district heating, thermal energy services, etc.) for industry and local authorities, and new businesses mainly aimed at boosting electricity generation through cogeneration and renewable energy sources (e.g. wind turbines, photovoltaic panels, etc.). This activity also includes EDF Invest’s holding companies and entities that are classified as dedicated assets.