Groupe Renault - 2019 Universal Registration Document

03

COMPENSATION OF COMPANY OFFICERS CORPORATE GOVERNANCE

Comparison of compensation levels between corporate 3.2.3 officers and employees

In accordance with the provisions of Article L. 225-37-3 of the French Commercial Code, the ratios for measuring the differences between the compensation for the Company’s corporate officers and employees are presented in the table below. Under the terms of Article L. 225-37-3, the scope to be considered for calculating the indicators is that of the listed company issuing the corporate governance report. However, as Renault SA does not have any employees, the indicators were calculated based on the compensation of the France-based employees of Renault s.a.s., wholly owned subsidiary of Renault SA (31,643 employees in 2019). These elements are part of the information mentioned in Article L. 225-37-3 I. of the French Commercial Code and will be subject to a general vote pursuant to II of Article L 225-100 of the French Commercial Code at the Shareholders’ Meeting of April 24, 2020. Compensation presented in the table includes the following components: fixed compensation paid during the indicated financial year, P variable compensation paid during the indicated financial year, P compensation for directorship, if applicable, paid during the P indicated financial year, book value of the benefits in kind paid during the indicated P financial year,

performance shares allocated during the indicated financial year P (at IFRS value), profit-sharing and incentive bonuses paid during the indicated P financial year. Compensation for both employees and corporate officers of Renault s.a.s has been annualized. The relevant corporate officers for this comparison are the Chairman of the Board of Directors, the Chief Executive Officer and the Chairman and Chief Executive Officer, the latter function having existed within the Group over the last five years up to January 24, 2019. The compensation presented is related to the function and not to the person, so that a change in executive officer for a same function does not impact the presentation of the information over the five-year period. For the 2019 financial year, the Chief Executive Officer’s compensation was thus annualized on the basis of Mr Thierry Bolloré’s compensation, in order not to take into account the exceptional and transitional situation related to the interim position of Ms Clotilde Delbos.

2019

2018

2017

2016

2015

Annual compensation

- - -

€5,521,258

€7,292,183

€7,380,125

€7,234,929

CHAIRMAN & CHIEF EXECUTIVE OFFICER

Ratio / average compensation of employees Ratio / average compensation of employees

92

121 152

125 158

126 158

115

Annual compensation

€453,499

- - - - - -

- - - - - -

- - - - - -

- - - - - -

CHAIRMAN OF THE BOARD OF DIRECTORS

Ratio / average compensation of employees Ratio / average compensation of employees

7 9

Annual compensation

€3,401,812

CHIEF EXECUTIVE OFFICER

Ratio / average compensation of employees Ratio / average compensation of employees

56 70

Average compensation Median compensation Group operating margin %

€60,823 €48,824

€60,324 €48,018

€60,107 €47,969

€58,843 €46,591

€57,307 €45,850

EMPLOYEES

GROUP PERFORMANCE

4.8%

6.3%

6.4%

6.4%

5.2%

314 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2019

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