2020 Universal registration document and annual financial report - BNP PARIBAS 259
4Consolidated finanCial statements for the year ended 31 deCemBer 2020
4
Notes to the financial statements
7.g COMPENSATION AND BENEFITS AWARDED TO THE GROUP S CORPORATE OFFICERS The Group s corporate officers and their spouses are considered to be related parties.
The remuneration and benefits policy relating to the Group s corporate officers, as well as the detailed information on an individual basis, are presented in chapter 2 Corporate governance of the Registration Document.
Remuneration and benefits awarded to the Group s corporate officers
Year to 31 Dec. 2020
Year to 31 Dec. 2019
Gross remuneration, including remuneration linked to the term of directorship and benefits in kind
payable for the year 6,070,060 6,289,752
paid during the year 5,532,930 5,589,640
Post-employment benefits
Retirement bonuses: present value of the benefit obligation (payroll taxes excluded) 294,833 247,090
Defined contribution pension plan: contributions paid by BNP Paribas during the year 5,306 5,228
Welfare benefits: premiums paid by BNP Paribas during the year 14,962 12,743
Share-based payments
Stock subscription options Nil Nil
Performance shares Nil Nil
Long-term compensation
fair value at grant date(*) 1,065,536 1,013,527
(*) Valuation according to the method described in note 6.e.
As at 31 December 2020, no corporate officer is eligible to a contingent collective defined-benefit top-up pension plan.
Remuneration linked to the term of directorship paid to members of the Board of directors
Remuneration linked to the term of directorship paid to all members of the Board of directors amounts to EUR 1,300,000 unchanged from 2019. The amount paid in 2020 to members other than corporate officers was EUR 1,183,106 compared with EUR 1,179,556 in 2019.
Remuneration and benefits awarded to Directors representing the employees
In euros Year to 31
December 2020 Year to 31
December 2019
Gross remuneration paid during the year 123,020 111,368
Remuneration linked to the term of directorship (paid to the trade unions) 180,227 174,219 Premiums paid by BNP Paribas during the year into schemes related to Garantie Vie Professionnelle Accidents benefits and healthcare expense coverage 2,063 1,704
Contributions paid by BNP Paribas during the year into the defined-contribution plan 1,386 1,233
Loans, advances and guarantees granted to the Group s corporate officers
At 31 December 2020, the total outstanding loans granted directly or indirectly to the Group s corporate officers and their spouses amounted to EUR 15,233,737 (EUR 4,775,072 at 31 December 2019). These loans representing normal transactions were carried out on an arm s length basis.