PERNOD-RICARD - URD 2020-21
____ 2. CORPORATE GOVERNANCE COMPENSATION POLICY
Amounts paid during the past financial year
Amounts allocated during the past financial year
Components of compensation Variable annual compensation (continued)
Remarks
Objectives
Target
Maximum Level of achievement
Achievement of budgeted profit from recurring operations Achievement of budgeted Group net profit from recurring operations Achievement of budgeted Recurring Free Cash Flow Rate of cash conversion for profit from recurring operations (cash conversion) Overall rate of achievement of objectives
20%
37.5%
37.5%
20%
37.5%
37.5%
20%
37.5%
37.5%
20%
37.5%
37.5%
80% 150%
150%
for the qualitative criteria, the variable portion amounted to 41% of Mr Alexandre Ricard’s fixed annual compensation, versus a target of 30% and a maximum of 45%, breaking down as follows:
Level of achievement Assessment
Objectives
Target
Maximum
The Group has implemented material resources and procedures to protect the health and safety of its employees: supplies of protective equipment, implementation of health directives, permanent monitoring of the health situation, psychological support. The impacts of the health crisis were also limited thanks to effective cash management (refinancing, credit lines, transformation project, etc.) and agility in the reallocation of resources. The result of this effective management is the return to a pre-Covid level of activity and financial performance for the fiscal year.
Ability to effectively address the impacts of the COVID-19 pandemic and limit the impacts on the Group
12%
18%
18%
75
PERNOD RICARD UNIVERSAL REGISTRATION DOCUMENT 2020-2021
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