150
Annual Report -
2013
-
Vivendi
Information About The Company |
Corporate Governance
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3
Compensation of Directors and Officers
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3.3.1.9. Compensation Elements Owed or Granted for Fiscal year 2013 to Members of the Management
Board, Subject to Notice to the Combined General Shareholders’ Meeting of June 24, 2014 (AFEP/
MEDEF Code application guidelines)
Mr. Jean-François Dubos – Chairman of the Management Board
Compensation elements
(Fiscal year 2013)
Amounts or value
(before taxes
and benefits)
Presentation
Fixed compensation
€700,000
Gross fixed compensation approved by the Supervisory Board
on February 22, 2013 upon the recommendation of the Human Resources
Committee.
2013 variable compensation paid in 2014 €1,024,000
At its meeting of February 21, 2014, upon recommendation of the Human
Resources Committee, the Supervisory Board approved the 2013 variable
compensation elements for the Chairman of the Management Board.
They total 146.3% of fixed compensation (see Section 3.3.1.2 of this Chapter).
Deferred variable compensation
n/a
The Chairman of the Management Board receives no deferred
variable compensation.
Multi-year variable compensation
n/a
The Chairman of the Management Board receives no multi-year
variable compensation.
Extraordinary compensation
n/a
The Chairman of the Management Board receives no extraordinary
variable compensation.
Stock options
n/a
In 2013, the Company awarded no stock options.
Performance shares
€1,254,267
(book value)
Grant of 100,000 performance shares on February 22, 2013. Number adjusted
to 106,384 following an adjustment to account for payment of the fiscal
year 2012 dividend by withdrawal from reserves.
€1,003,100
(book value)
Grant of 70,000 performance shares on December 11, 2013, subject to
the same performance conditions as the annual grant and a more restrictive
condition of presence (please refer to Section 3.3.1.2 of this Chapter).
Director’s attendance fees
n/a
As for all corporate directors at Group headquarters, the Management Board
Chairman receives no attendance fees.
Benefits in kind
€33,783
Company car without driver and common profit-sharing (collective agreement
in force at Vivendi)
Deferred compensation elements
owed or granted in 2013 that were
subject to prior approval of the
General Shareholders’ Meeting under
the procedure applying to regulated
agreements and commitments
Amount
Presentation
Severance payment
No payment
The Chairman of the Management Board receives no severance
payment commitment.
Non-competition payment
No payment
The Chairman of the Management Board receives no payment of this kind.
Supplemental retirement plan
No payment
As for a number of the Vivendi Group’s senior management, the Chairman
of the Management Board is eligible for the defined-benefit supplemental
retirement plan set up in December 2005, approved by the Combined General
Shareholders’ Meeting of April 20, 2006.
Upper limit: 30% of benchmark salary (fixed + variable) with a maximum
of 60 times the social security upper limit).
n/a: not applicable.
