2020 Universal registration document and annual financial report - BNP PARIBAS84
2 CorPorate GovernanCe and internal Control
2
Report on Corporate governance
➤ b. Components of remuneration paid to Jean-Laurent Bonnafé, Chief Executive Officer, during financial year 2020 in respect of previous years (having been subject to the shareholders vote at the time of their award)
In euros Date of submission to the AGM
and resolution number Amounts paid in 2020
Annual variable remuneration 1,151,790
Including partial payment of the annual variable remuneration in respect of 2019 19 May 2020
(16th resolution) 322,303
Including partial payment of the annual variable remuneration in respect of 2018 23 May 2019
(14th resolution) 461,750
Including partial payment of the annual variable remuneration in respect of 2017 24 May 2018
(15th resolution) 175,118
Including partial payment of the annual variable remuneration in respect of 2016 23 May 2017
(14th resolution) 192,619
Long-term compensation 26 May 2016
(11th resolution) 0
➤ c. All types of commitments corresponding to components of remuneration, compensation or benefits in kind due or likely to be due as a result of the assumption, termination or change in functions or after performing these to the benefit of Jean-Laurent Bonnafé, Chief Executive Officer
Amounts Comments
Sign-on bonuses and severance payments
None
Non-compete indemnity None Under the non-compete clause signed on 25 February 2016, and subject to the conditions detailed below, Jean-Laurent Bonnafé would receive remuneration equal to 1.2 times the sum of his fixed and variable remuneration (excluding multi-annual variable remuneration) received during the year prior to his leaving the Group. One-twelfth of the indemnity would be paid each month. Under this agreement, if he ceases to hold any role or position in BNP Paribas, Jean-Laurent Bonnafé undertakes, for a period of 12 months, not to take any role whatsoever, either directly or indirectly, for a credit institution, investment or insurance firm whose securities are traded on a regulated market in France or abroad, or in France for a credit institution, investment or insurance firm whose securities are not traded on a regulated market. Decisions to apply the agreement will be taken in due time with sincerity and loyalty. In accordance with the Afep-Medef Code and article R.22-10-14 of the French Commercial Code, which stipulate that the payment of a non-compete payment must be excluded if the person concerned claimed his pension rights or has exceeded the age of 65 and in line with the stipulations of said non-compete agreement, the Board of directors and the Chief Executive Officer have confirmed that they comply with this provision.
Top-up pension plan with defined benefits
None Jean-Laurent Bonnafé does not benefit from any supplemental defined-benefit pension plans.
Top-up pension plan defined-contribution
1,769 Jean-Laurent Bonnafé benefits from the defined-contribution plan set up for all BNP Paribas (SA) employees, in accordance with article 83 of the French General Tax Code. The amount of contributions paid by the Company in this respect for Jean-Laurent Bonnafé was, in 2020, EUR 1,769.
Welfare benefit and healthcare plans
4,014 Jean-Laurent Bonnafé benefits from the disability, invalidity and death and healthcare insurance plans offered to employees of BNP Paribas (SA). He also benefits from death and disability insurance covering all employees of BNP Paribas (SA).
