Information relating to the ratios between the Chairman and Chief Executive Officer’s compensation and the mean and median compensation of employees
The ratios between the Chairman and Chief Executive Officer’s compensation and (i) the mean compensation of employees on a full-time equivalent basis, excluding corporate officers, and (ii) the median compensation of employees on a full-time equivalent basis, excluding corporate officers, are presented below in application of the provisions of Article L.22-10-9 of the French Commercial Code.
The ratios were calculated on the basis of the gross compensation paid or awarded during the year in question. The scope used is the Edenred SE company, i.e., 255 employees at end-2021, or 18.4% of Edenred’s workforce in France. The employees on which the calculations are based are all Company employees present for the whole calendar year.
Ratios are broadly stable in 2020 compared to 2019, with slight variations related to in-year departures and arrivals (only those present a full calendar year are counted). Against a background of 22.1% growth in operating EBIT, the increase in the 2021 ratios compared with 2020 is mainly due to the granting of performance shares to the Chairman and Chief Executive Officer in the amount of €2,178,000 versus €1,815,000 in 2020(1).
6.2.3 Fixed, variable and exceptional components comprising the total compensation and the benefits of any kind paid during, or awarded for, the 2021 financial year to Mr. Bertrand Dumazy, as Chairman and Chief Executive Officer (specific ex post vote by shareholders)
In application of Article L.22-10-34 (II.) of the French Commercial Code, the fixed, variable and exceptional components comprising the total compensation and the benefits of any kind paid during, or awarded for, the 2021 financial year to Mr. Bertrand Dumazy for his role as Chairman and Chief Executive Officer will be submitted for approval at the Combined General Meeting of May 11, 2022, under the 11th resolution.
The variable and exceptional components awarded to Mr. Bertrand Dumazy, Chairman and Chief Executive Officer, for the 2021 financial year may only be paid out after approval by the Combined General Meeting of May 11, 2022.
(1) Information on prior-year changes in ratios can be found in previous Universal Registration Documents.
