SOMFY - Annual Financial Report 2020
04 REPORT ON CORPORATE GOVERNANCE
Tables 8: Fairness ratios
Pursuant to the provisions of sub-paragraph 6° of paragraph I of Article L. 22-10-9 of the Commercial Code, below we detail the ratios between the level of remuneration of each of the executive corporate officers and, firstly, the average remuneration on a full-time equivalent basis of the company’s employees other than the corporate officers, and secondly, the median remuneration on a full-time equivalent basis of the company’s employees other than the corporate officers. With these provisions limiting the comparison solely based on the scope of “employees of the company”, ratios are calculated by comparing the remuneration of corporate officers with that of employees of Somfy SA, whose limited workforce notably includes Executive Committee members. For corporate officers, as for Somfy SA employees, the total remuneration paid during the financial year was used. It comprises: the fixed portion; – the variable portion paid during financial year N in respect of N-1; – the exceptional remuneration paid during financial year N; – performance shares granted in respect of financial year N and valued at the IFRS value; – employee savings; – benefits in kind (salary portion). –
Chairman of the Management Board
Member of the Management Board
Chairman of the Supervisory Board
2020 financial year
Remuneration as executive corporate officer
– – – –
1,515,600
953,599
115,000
Ratio to average employee salary Ratio to median employee salary
3.77 3.84 5.5%
2.37 2.42
0.29 0.29
Annual change in executive corporate officer’s remuneration Annual change in average salary of non-corporate officer employees Average salary of non-corporate officer employees
-2.1%
11.0%
–
-4.5%
-4.5%
-4.5%
402,368 394,282
– – –
– – –
– – –
Median salary of non-corporate officer employees
Annual change in company performance: consolidated net profit Annual change in company performance: consolidated current operating result
30.5%
27.3%
–
–
–
Chairman of the Management Board
Member of the Management Board
Chairman of the Supervisory Board
2019 financial year
Remuneration as executive corporate officer
– – – –
1,436,258
973,722
103,600
Ratio to average employee salary Ratio to median employee salary
3.41 2.87
2.31 1.95
0.25 0.21 7.9%
Annual change in executive corporate officer’s remuneration Annual change in average salary of non-corporate officer employees Average salary of non-corporate officer employees
38.1%
46.1%
–
4.1%
4.1%
4.1%
421,268 499,731
– – –
– – –
– – –
Median salary of non-corporate officer employees
Annual change in company performance: consolidated net profit Annual change in company performance: consolidated current operating result
16.3%
15.2%
–
–
–
92
SOMFY – ANNUAL FINANCIAL REPORT 2020
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