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3
Compensation of Directors and Officers
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Corporate Governance
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Mr. Stéphane Roussel – member of the Management Board and Senior Executive Vice President, Development and Organization
Compensation elements
(fiscal year 2014)
Amounts or value
(before taxes and social
security contributions) Description
Fixed compensation (Prorata temporis)
€350,000
Gross fixed compensation approved by the Supervisory Board on August 28, 2014
upon the recommendation of the Corporate Governance, Nominations
and Remuneration Committee.
2013 variable compensation paid in 2014 na
2014 variable compensation paid in 2015 €437,500
At its meeting held on February 27, 2015, upon the recommendation of the Corporate
Governance, Nominations and Remuneration Committee, the Supervisory Board
approved the variable elements of the compensation of Mr. Stéphane Roussel in
respect of 2014. They total 125% of his fixed compensation (see Section 3.3.1.3).
Variable deferred compensation
na
Mr. Stéphane Roussel does not receive variable deferred compensation.
Multi-year variable compensation
na
Mr. Stéphane Roussel does not receive multi-year variable compensation.
Extraordinary compensation
na
Mr. Stéphane Roussel has not received any extraordinary compensation
since his appointment as a member of the Management Board.
Stock options
na
The Company stopped awarding stock options in 2013.
Performance Shares
na
Mr. Stéphane Roussel was not granted any performance shares in 2014.
Director’s attendance fees
na
As for all corporate Directors at group headquarters, Mr. Stéphane Roussel receives
no attendance fees.
Benefits in kind
€23,554
Company car without driver and common profit-sharing (collective agreement
in force at Vivendi).
Deferred compensation elements
owed or granted in 2014 that were
subject to prior approval of the
General Shareholders’ Meeting under
the procedure applying to regulated
agreements and commitments
Amount
Description
Severance payment
No payment
Mr. Stéphane Roussel benefits from no severance pay commitment.
18 months (fixed salary + target bonus) payable under his employment contract.
Non-competition payment
No payment
Mr. Stéphane Roussel does not receive payment of this kind.
Supplemental retirement plan
No payment
As for a number of the Vivendi group’s senior management, Mr. Stéphane Roussel
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 reference salary (fixed + variable) with a maximum
of 60 times the social security upper limit.
Annuity growth rate in 2014, including a seniority-based increase within the group:
1.25%.
na: not applicable.
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Annual Report 2014