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Compensation of Directors and Officers
Information about the Company |
Corporate Governance
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Mr. Jean-François Dubos – Chairman of the Management Board (until June 24, 2014)
Compensation elements
(fiscal year 2014)
Amounts or value
(before taxes and social
security contributions) Description
Fixed compensation (full year)
€450,000
Gross fixed compensation approved by the Supervisory Board on December 11, 2013,
upon the recommendation of the Human Resources Committee.
2013 variable compensation paid in 2014 €1,024,000
At its meeting held on February 21, 2014, upon the recommendation of the Human
Resources Committee, the Supervisory Board approved the variable elements of the
compensation of the Chairman of the Management Board. They total 146.3% of his
fixed compensation (see Section 3.3.1.4).
2014 variable compensation paid in 2014 €540,000
At its meeting held on August 28, 2014, upon the recommendation of the Corporate
Governance, Nominations and Remuneration Committee, the Supervisory Board
approved the variable elements of the compensation of Mr. Jean-François Dubos in
respect of 2014. They total his target bonus (prorata temporis) (see Section 3.3.1.4).
Variable deferred compensation
na
Mr. Jean-François Dubos did not receive variable deferred compensation.
Multi-year variable compensation
na
Mr. Jean-François Dubos did not receive multi-year variable compensation.
Extraordinary compensation
na
Mr. Jean-François Dubos did not receive extraordinary compensation.
Stock options
na
The Company stopped awarding stock options in 2013.
Performance Shares
na
Mr. Jean-François Dubos was not granted any performance shares in 2014.
Director’s attendance fees
na
As for all corporate Directors at group headquarters, Mr. Jean-François Dubos
received no attendance fees.
Benefits in kind
€4,951
Company car without driver.
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. Jean-François Dubos received no severance payment in respect of his corporate
office or his employment contract.
Non-competition payment
No payment
Mr. Jean-François Dubos did not receive payment of this kind.
Supplemental retirement plan
Amount of annual
annuity: €411,611
Mr. Jean-François Dubos, after 23 years of service within the Vivendi group,
exercised his right to pension benefits as of June 30, 2014.
This pension is paid by the organization mandated by Vivendi SA to manage the
supplemental retirement plan, out of funds from a portfolio of hedging assets
managed by that organization under this regime.
It represents 20.79% of his last target compensation and 30% of his reference
salary. It takes into account his seniority of 23 years within Vivendi SA.
na: not applicable.
138
Annual Report 2014