| FISCAL 2021 | FISCAL 2020 | ||||
|---|---|---|---|---|---|
| DIRECTORS (in euro) |
AMOUNT AWARDED | AMOUNT PAID | AMOUNT AWARDED | AMOUNT PAID | |
| Cathy Martin(2) | Cathy Martin(2)
Directors’ compensation |
Cathy Martin(2)FISCAL 2021 65,500 |
Cathy Martin(2)FISCAL 2020 65,500 |
57,500 | 57,500 |
| Luc Messier(4) | Luc Messier(4)
Directors’ compensation |
Luc Messier(4)FISCAL 2021 49,250 |
Luc Messier(4)FISCAL 2020 49,250 |
23,250 | 23,250 |
| Sophie Stabile | Sophie Stabile
Directors’ compensation |
Sophie StabileFISCAL 2021 103,000 |
Sophie StabileFISCAL 2020 103,000 |
103,000 | 103,000 |
| Cécile Tandeau de Marsac | Cécile Tandeau de Marsac
Directors’ compensation |
Cécile Tandeau de MarsacFISCAL 2021 120,600 |
Cécile Tandeau de MarsacFISCAL 2020 120,600 |
120,600 | 120,600 |
(1) Nathalie Bellon-Szabo received other compensation during the fiscal year for her duties as a member of Bellon SA's Management Board (193,333 euro for Fiscal 2021 and 190,000 euro for Fiscal 2020) as well as for her duties as Chief Executive Officer of Sodexo Sports et Loisirs France and Chief Operating Officer of Sodexo Sports and Leisure worldwide (On-site Services) (403,719 euro for Fiscal 2021 and 300,758 euro for Fiscal 2020). She also has the use of a Company car.
(2) Philippe Besson and Cathy Martin are directors representing employees. The salaries they receive under their employment contracts are not disclosed for confidentiality reasons. At Philippe Besson's request, part of the compensation due to him for his role as director representing employees is paid to the trade union that appointed him (21,429 euro paid to Philippe Besson and 37,671 euro paid to his trade union during Fiscal 2021).
(3) Federico J. Gonzalez Tejera was appointed as new director at the Annual Shareholders Meeting of January 12, 2021.
(4) Véronique Laury and Luc Messier were appointed as new directors at the Annual Shareholders Meeting of January 21, 2020.
The compensation policy applicable to members of the Executive Committee is reviewed each year by the Compensation Committee and the Board of Directors. It is fully aligned with that of the Chief Executive Officer.
The compensation of Executive Committee members is made up of the following :
The applicable performance conditions are equivalent to those set for the Chief Executive Officer and described in section 6.5.1.4 of this Universal Registration Document.
In addition to this compensation, Executive Committee members may receive benefits in kind (primarily a car and a travel allowance) and pension plan contributions (under defined contribution and, where applicable, defined benefit, plans).
Total compensation paid during Fiscal 2021 by the Group to members of the Executive Committee in office as of August 31, 2021 (including the Chief Executive Officer, details of whose compensation are provided in section 6.5.2.2 of this document), amounted to 11,586,805 euro.
This amount comprises:
Sodexo's long-term incentive policy has two objectives:
Since Fiscal 2013, long-term incentive plans have consisted exclusively of restricted share plans.
In the eighteenth resolution adopted at the Combined Annual Shareholders Meeting on January 22, 2019, the Company's shareholders renewed the authorization given to the Board of Directors to grant, on one or more occasions, restricted shares either in the form of existing or new Sodexo shares to employees and Corporate Officers of the Group and propose the renewal of this authorization during the Combined Annual Shareholders Meeting on December 14, 2021.
The terms and conditions of the restricted share plans (including the related continued presence and performance conditions) and the list of beneficiaries are determined by the Board of Directors based on recommendations issued by the Compensation Committee.
