SOMFY - Annual financial report 2019

05 REPORT ON CORPORATE GOVERNANCE

Table 7: Fairness ratios

Under the provisions of sub-paragraph 6° of paragraph I of Article L. 225-37-3 of the Commercial Code which limits the comparison to the scope of “employees of the company” only, ratios are calculated by comparing the remuneration of corporate officers with that of employees of Somfy SA, whose restricted 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

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 employees excluding corporate officers Average salary of employees excluding corporate officers Median salary of employees excluding corporate officers Annual change in company performance: consolidated net profit Annual change in company performance: consolidated current operating result

38.1%

46.1%

–

4.1%

4.1%

4.1%

421,268 499,731

– – –

– – –

– – –

16.3%

15.2%

–

–

–

Chairman of the Management Board

Member of the Management Board

Chairman of the Supervisory Board

2018 financial year

Remuneration as executive corporate officer

– – – –

1,040,192

666,580

96,025

Ratio to average employee salary Ratio to median employee salary

2.57 2.42

1.65 1.55

0.24 0.22

Annual change in executive corporate officer’s remuneration Annual change in average salary of employees excluding corporate officers Average salary of employees excluding corporate officers Median salary of employees excluding corporate officers Annual change in company performance: consolidated net profit Annual change in company performance: consolidated current operating result

-13.6%

-33.0%

22.2%

–

6.2%

6.2%

6.2%

404,577 429,716 -11.0%

– – –

– – –

– – –

1.8%

–

–

–

67

SOMFY – ANNUAL FINANCIAL REPORT 2019