Sopra Steria - 2019 Universal registration document
3 CORPORATE GOVERNANCE Implementation of compensation policy applicable to executive company officers over the past five years; fairness ratio
Implementation of compensation policy applicable to 3. executive company officers over the past five years; fairness ratio
Chairman of the Board 3.1. of Directors
Board of Directors with the AFEP-MEDEF Code (§ 24.2) without changing the overall compensation at unchanged activity levels. Indeed, the Chairman of the Board of Directors continues to work full-time as stated in Section 1.1.3, “Overview of the activities of the Chairman of the Board of Directors in 2019”. The chart below shows how the fairness ratios provided for by Ordinance 2019-1234 of 27 November 2019 have varied over time. It has been prepared on the basis of the figures set out in the table titled “Fairness ratio” in Section 4, “Standardised presentation of compensation paid to company officers” in this chapter. It is the ratio of the Chairman of the Board of Directors’ compensation to the average and median compensation of employees within the relevant scope (88% of the workforce in France).
In 2017, the General Meeting of Shareholders approved a proposal to the General Meeting to suppress the variable component of compensation for the Chairman without altering the amount of his total compensation package. Under this proposal, the average amount of variable compensation paid since the last update of the fixed component in January 2011 was included within his fixed compensation, whose gross annual amount would thus be raised to €500,000 on a gross basis. This decision by the Board of Directors aims in particular to align the structure of the compensation received by the Chairman of the
CHAIRMAN – FAIRNESS RATIO ❙
Chairman’s compensation Average compensation
Chairman’s compensation Median compensation
Ratio based on average compensation =
Ratio based on median compensation =
Ratio
14
12
10
8
6
4
2
0
2015
2016
2017
2018
2019
Ratio based on average compensation
Ratio based on median compensation
RESULT OF THE SHAREHOLDER CONSULTATION ON COMPENSATION PAID TO THE CHAIRMAN ❙ (GENERAL MEETING OF 12 JUNE 2019)
For
Abstain
Against
Resolution Ordinary General Meeting
Votes
% Votes
% Votes
%
6
Approval of items of compensation paid or allotted in respect of financial year 2018 to Pierre Pasquier, Chairman Approval of the principles and criteria for the determination, distribution and allocation of items of compensation for the Chairman
21,036,401 99.13% 903 0.00% 183,468 0.86%
8
20,991,544 98.92% 1,551 0.01% 227,677 1.07%
88
SOPRA STERIA UNIVERSAL REGISTRATION DOCUMENT 2019
Made with FlippingBook - Online catalogs