The Company’s key management and governance personnel are the Chairman and CEO and the directors. In application of the law, directors representing the employees receive no remuneration for their services.
The total gross compensation (salaries and all types of benefits, excluding employer contributions) paid by EDF to the company’s key management and governance personnel was as follows in 2018 and 2019:
| (in euros) | 2019 | 2018 |
|---|---|---|
| Chairman and CEO(1) | Chairman and CEO (1)2019453,660 | Chairman and CEO (1)2018452,868 |
| Directors(2) | Directors (2)2019440,000 | Directors (2)2018429,248 |
(1) At its meeting of 14 February 2019 the Board of Directors decided to keep the fixed annual compensation of the Chairman and Chief Executive Officer at €450,000 for 2019, the same as in 2018.
(2) The General Shareholders’ Meeting of 15 May 2018 approved the Board of Directors’ proposal to set the annual budget for directors’ compensation at €500,000 for 2018 and subsequent years, until a new decision is taken by the shareholders. At its meeting of 15 February 2018 the Board of Directors decided to pay the directors the sum of €440,000 in accordance with the applicable allocation rules.
No significant event has occurred since the year-end.
