2014 Registration Document and Annual Financial Report - page 136

Corporate GOVERNANCE
Interests and compensation
3
Table 2: Compensation and benefits paid to each executive officer in 2013 and 2014
Due for the year
Paid during the year
2013
2014
2013
2014
Sébastien Bazin
Chairman and Chief Executive Officer since August 27, 2013
ƒƒ
Fixed compensation
(1)
296,408
850,000
296,408
850,000
ƒƒ
Variable compensation
(2)
502,778
1,369,188
-
502,778
ƒƒ
Directors’ fees
(3)
33,100
-
54,588
33,100
ƒƒ
Benefits-in-kind
(4)
6,280
61,004
6,280
61,004
TOTAL
838,566
2,280,192
357,276
1,446,882
Sven Boinet
Deputy Chief Executive Officer since December 2, 2013
ƒƒ
Fixed compensation
(1)
50,000
600,000
50,000
600,000
ƒƒ
Variable compensation
(2)
-
711,978
-
-
ƒƒ
Directors’ fees
(3)
-
-
-
-
ƒƒ
Benefits-in-kind
(4)
-
17,676
-
17,676
ƒƒ
Discretionary profit-sharing
(5)
-
ND
-
-
ƒƒ
Statutory profit-sharing
(5)
-
ND
-
-
TOTAL
50,000
1,329,654
50,000
617,676
The above amounts are presented in euros on a gross pre-tax basis.
(1) The fixed compensation of the Chairman and Chief Executive Officer and the Deputy Chief Executive Officer is paid in the year in which it is earned.
(2) Variable compensation is calculated and paid at the beginning of the year following the year in which it was earned.
Mr. Boinet’s variable compensation for 2014 was calculated over a 13-month period in order to include the portion corresponding to 2013, as decided by the Board of
Directors at its meeting on November 26, 2013.
(3) Directors’ fees paid in 2013 and 2014 to Sébastien Bazin cover his term of office as a director of the Accor Group before he became Chairman and Chief Executive Officer.
(4) Corresponding to (i) a company car for Sébastien Bazin and Sven Boinet, (ii) the benefits under the unemployment insurance policy taken out by Accor for Sébastien
Bazin as described on page 133, and (iii) tax and asset management advisory services provided by an external company to Sébastien Bazin (capped at 100 hours) and
Sven Boinet (capped at 50 hours).
(5) Statutory and discretionary profit-sharing are paid in the year following that for which they are due.
The amount disclosed for statutory profit-sharing includes any additional profit-sharing bonuses paid.
In 2014, Yann Caillère received the amounts due to him under the Accor Group statutory profit-sharing agreement and the Accor SA head
office discretionary profit-sharing agreement, corresponding to €1,089 and €1,063 respectively.
Table 3: Summary of commitments given to executive officers
Executive officer
Employment
contract
Supplementary
pension
benefits
(1)
Compensation or benefits
payable in the case of:
Non-compete
indemnity
termination/
removal
from
office
(2)
transfer
to a new
position within
the Group
Sébastien Bazin
Chairman and Chief Executive Officer since
August 27, 2013
No
Yes
Yes
No
No
Sven Boinet
Deputy Chief Executive Officer since
December 2, 2013.
Yes
(3)
Yes
Yes
No
No
(1) See page 132 for details of the supplementary pension plans of which the Chairman and Chief Executive Officer and the Deputy Chief Executive Officer are members.
(2) See pages 131 and 132 for details of these types of compensation and benefits payable to the Chairman and Chief Executive Officer and the Deputy Chief Executive Officer.
(3) On November 26, 2013, the Board of Directors appointed Sven Boinet as Deputy Chief Executive Officer in charge of the Group’sTransformation, effective December 2,
2013. On the same date, it also authorized the Company to enter into an employment contract with Mr. Boinet for him to serve as Director in charge of Human
Resources and Legal Affairs.
Registration Document 2014
134
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