In the interest of Sodexo and its stakeholders, and in accordance with our values, the Board of Directors ensures that the company off ers a responsible compensation policy to deliver performance and achieve Sodexo’s long-term strategy.
« OUR COMPENSATION POLICY, BALANCING INDIVIDUAL AND COLLECTIVE RECOGNITION AND LONG- AND SHORT-TERM PRIORITIES, SEEKS TO STRENGTHEN OUR CULTURE OF PERFORMANCE. THE STRONG AND RESPONSIBLE DECISIONS MADE DURING THE YEAR, IN RESPONSE TO THE EXCEPTIONAL SITUATION WE ARE FACING, REFLECT SODEXO’S VALUES. »
CÉCILE TANDEAU DE MARSAC
Chairwoman of the Compensation Committee
ALIGNMENT OF INTERESTS
In April 2020, faced with the social and economic consequences of the Covid-19 pandemic, Sodexo decided to create an Employee Relief Program . This global program, administered locally according to the specific needs of each country, supports the most vulnerable on-site staff that have been impacted by the business interruption and resulting revenue declines.
This solidarity initiative was enabled by a contribution from the company and by the reduction of the compensation of the Group’s senior executives for a total of 30 million euro..
The compensation structure applicable to the Chairwoman of the Board of Directors comprises a fixed compensation payment and collective health and benefit plans. As the Chairwoman is a non-executive director, in line with market practices in France, she does not receive any variable compensation, either short-term annual or multi-year, nor does she benefit from a long-term incentive plan.