151
Annual Report -
2013
-
Vivendi
Information About The Company |
Corporate Governance
| Reports
3
Compensation of Directors and Officers
Mr. Philippe Capron – Member of the Management Board and Chief Financial Officer
Compensation elements (Fiscal
year 2013)
Amounts or value
(before taxes
and benefits)
Presentation
Fixed compensation
€450,000
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 €576,000
At its meeting of February 21, 2014, upon recommendation of the Human
Resources Committee, the Supervisory Board approved the 2013 variable
compensation elements for Mr. Philippe Capron (member of the Management
Board up to December 31, 2013). They consist of 128% of fixed compensation
(please refer to Section 3.3.1.5 of this Chapter).
Deferred variable compensation
n/a
Mr. Philippe Capron received no deferred variable compensation.
Multi-year variable compensation
n/a
Mr. Philippe Capron received no multi-year variable compensation.
Extraordinary compensation
n/a
Mr. Philippe Capron received no extraordinary variable compensation.
Stock options
n/a
In 2013, the Company awarded no stock options.
Performance shares
€752,567
(book value)
Following his resignation, Mr. Philippe Capron lost the allocation rights
for 63,381 performance shares (adjusted number) that had been granted
to him in 2013.
Directors’ attendance fees
n/a
As for all corporate directors at Group headquarters,
Mr. Philippe Capron received no attendance fees.
Value of benefits of all kinds
€89,329
Company car without driver, profit-sharing and liquidation of time savings
account.
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
Given his resignation, Mr. Philippe Capron received no severance payment;
the principle for this was approved by the Combined General Shareholders’
Meeting of April 30, 2013.
Non-competition payment
No payment
Mr. Philippe Capron received no payment of this kind.
Supplemental retirement plan
No payment
and loss of plan
Given his resignation, Mr. Philippe Capron is no longer entitled
to the Vivendi SA supplemental retirement plan.
n/a: not applicable.
3.3.2.
Highest Compensation Paid Within the Group
In fiscal year 2013, the compensation of the ten highest-paid Vivendi SA
officers in France totaled €9.85 million, including benefits in kind. In
2013, for the Group as a whole, after the disposal of Activision Blizzard
from the Group’s scope of consolidation, the total compensation for the
ten highest-paid officers was €45.09 million, including benefits in kind.
Consistent with current rules of ethics in the Vivendi Group, corporate
directors or executives have waived their receipt of attendance
fees for meetings as directors or permanent representatives
of company subsidiaries, as defined by Article L.233-16 of the French
Commercial Code.
