Annual compensation paid :
2017 :
- Consolidated Revenue : 2%
- Consolidated UoP : 9%
- CEO Median Equity Ratio : 8%
- Chairwoman Median Equity Ratio : 0%
2018 :
- Consolidated Revenue : -1%
- Consolidated UoP : -16%
- CEO Median Equity Ratio: -30%
- Chairwoman Median Equity Ratio : 14%
2019 :
- Consolidated Revenue : 8%
- Consolidated UoP : 6%
- CEO Median Equity Ratio : -13%
- Chairwoman Median Equity Ratio : 8%
2020 :
- Consolidated Revenue : -12%
- Consolidated UoP : -53%
- CEO Median Equity Ratio : -49%
- Chairwoman Median Equity Ratio : -25%
5.5.3 Information on the components of compensation paid or awarded to the directors
The total annual amount of compensation available for payment to the directors of Sodexo was set at 900,000 euro at the Annual Shareholders Meeting of January 23, 2018 (eleventh resolution). The total amount actually paid to all directors (other than to the Chairwoman of the Board) during Fiscal 2020 was 788,800 euro (compared to 822,750 euro during Fiscal 2019), representing 88% of the total budget approved at the Annual Shareholders Meeting.
These amounts were calculated and paid in accordance with the Board of Directors’ Internal Rules, based on the following criteria established for Fiscal 2020:
| (in euro) | ANNUAL FIXED COMPENSATION | ADDITIONAL ANNUAL FIXED COMPENSATION FOR CHAIRING A COMMITTEE | VARIABLE COMPENSATION PER ATTENDANCE AT EACH MEETING |
|---|---|---|---|
| Board of Directors | Board of Directors ANNUAL FIXED COMPENSATION 20,000 | Board of Directors VARIABLE COMPENSATION PER ATTENDANCE AT EACH MEETING 4,000 | |
| Audit Committee | Audit Committee ANNUAL FIXED COMPENSATION 5,500 | Audit Committee ADDITIONAL ANNUAL FIXED COMPENSATION FOR CHAIRING A COMMITTEE 20,000 | Audit Committee VARIABLE COMPENSATION PER ATTENDANCE AT EACH MEETING 2,400 |
| Nominating Committee | Nominating Committee ANNUAL FIXED COMPENSATION 5,500 | Nominating Committee ADDITIONAL ANNUAL FIXED COMPENSATION FOR CHAIRING A COMMITTEE 20,000 | Nominating Committee VARIABLE COMPENSATION PER ATTENDANCE AT EACH MEETING 2,400 |
| Compensation Committee | Compensation Committee ANNUAL FIXED COMPENSATION 5,500 | Compensation Committee ADDITIONAL ANNUAL FIXED COMPENSATION FOR CHAIRING A COMMITTEE 20,000 | Compensation Committee VARIABLE COMPENSATION PER ATTENDANCE AT EACH MEETING 2,400 |
A travel allowance of 1,250 euro per Board meeting attended is paid to directors traveling from the United States.
Directors are not eligible for any long-term compensation, supplemental pension plan or compensation or benefits that may result from any change in their duties, new duties taken on, or a loss of office.
As stated above, the Chairwoman of the Board of Directors does not receive any directors’ compensation.
The two directors representing employees both hold an employment contract with the Group and therefore receive compensation that has no connection with their office as director. The amounts of their salaries are not disclosed for confidentiality reasons.
The compensation paid to the directors during Fiscal 2020 and Fiscal 2019 (both fixed and variable) calculated based on their attendance at Board and Committee meetings as indicated above, was as follows: