Econocom - 2020 annual report

05 management report

corporate governance statement

Compensation paid in 2020, including social costs

remainder of chargebacks of costs incurred by EIBV on behalf of Econocom (management seminars, etc.). Compensation paid to the 5.7.2.6. executive Directors, non-executive Directors with operational functions and members of the Executive Committee in 2020 This section sets out the overall compensation and benefits paid directly or indirectly to executive Directors of the Board, non-executive Directors with operational functions and members of the Executive Committee by Econocom group or any of the Group’s other companies in 2020. Total compensation paid in 2020, including social costs

in €

48,000

Walter Butler

8,000

Rafi Kouyoumdjian

38,000 69,000 72,000 66,000 48,000

Adeline Challon-Kemoun

Gaspard Dürrleman

Marie-Christine Levet

Jean-Philippe Roesch

Robert Bouchard

Total

349,000

Compensation paid to the 5.7.2.5. Chairman of the Board of Directors Until 19 May 2020, Jean-Louis Bouchard servedas Chairmanof the Boardof Directors, managing Director and Chairman of the Group’s Executive Committee. He received no compensation whatsoever for these duties, and did not benefit from any special pension or insurance, or any other benefits paid either directly or indirectly by either Econocom group or any companies in the scope of consolidation. As of 20 May 2020, Econocom International BV (EIBV), a company incorporated under Dutch law, represented by Jean-Louis Bouchard, will assume all these roles. EIBV billed fees of €1.8 million to Econocom group and its subsidiaries in 2020 for managing and coordinating the Group. These fees amounted to €2.3 million in 2019. Three-quarters of this amount is composed of employee benefits expenses and the

in €

2,236,802 2,280,857

Fixed portion

Variable portion (1)

Pensions and other compensation, including benefits in kind (2)(3)

1,513,864

1,048,209

Social costs (4)

-

Directors’ fees

Total 7,169,732 Of which €1,841 thousand in respect of 2019 and (1) prior years, and paid in 2020. Of which €335 thousand in respect of 2019 and prior (2) years, and paid in 2020. Of which €468 thousand in respect of departure (3) transactions paid in 2020. Of which €285 thousand for 2019 and prior years, (4) and paid in 2020.

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2020 annual report