2020 Universal registration document and annual financial report - BNP PARIBAS86
2 CorPorate GovernanCe and internal Control
2
Report on Corporate governance
➤ b. The components of remuneration paid to Philippe Bordenave, Chief Operating Officer, during financial year 2020 in respect of previous financial years (having been subject to a shareholders vote at the time of their award)
In euros Date submitted to the AGM and
resolution number Amounts paid in 2020
Annual variable remuneration 737,294
Including partial payment of the annual variable remuneration in respect of 2019 19 May 2020
(17th resolution) 206,340
Including partial payment of the annual variable remuneration in respect of 2018 23 May 2019
(15th resolution) 295,591
Including partial payment of the annual variable remuneration in respect of 2017 24 May 2018
(16th resolution) 112,068
Including partial payment of the annual variable remuneration in respect of 2016 23 May 2017
(15th resolution) 123,295
Long-term compensation 26 May 2016
(12th 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 Philippe Bordenave, Chief Operating Officer
Amounts Comments
Sign-on bonuses and severance payments
None Philippe Bordenave receives no sign-on bonuses or severance payments.
Top-up pension plan with defined benefits
None Philippe Bordenave benefits from no supplemental defined-benefit pension plans.
Top-up pension plan defined-contribution
1,769 The corporate officers benefit from the defined-contribution plan (article 83 of the French General Tax Code) set up for all employees of BNP Paribas (SA). The amount of contributions paid by the Company under the plan in 2020 to Philippe Bordenave was EUR 1,769.
Welfare benefit and healthcare plans
4,014 Philippe Bordenave benefits from the disability, invalidity and death and healthcare insurance offered to employees of BNP Paribas (SA). He also benefits from death and disability insurance covering all employees of BNP Paribas (SA).
Details relating to the annual variable remuneration of corporate officers Assessment of the achievement of the targets set for 2020 At its meeting of 4 February 2021, the Board of directors assessed the achievement of the objectives set in accordance with the remuneration policy.
Group performance criteria The Board of directors reviewed the achievement of the quantitative portion of the annual variable remuneration in terms of the criteria linked to the Group s performance provided for in the remuneration policy.
As regards the criterion of ratio of net earnings per share to net earnings per share for the previous year, its measure was equal to 32.07% of the target variable remuneration for 2020.
As regards the criterion of achievement of the budgeted gross operating income, its measure was equal to 37.63% of the target variable remuneration for 2020.
2019 2020 Variation
Application to 37.5% of fixed
compensation
Net earnings per share EUR 6.21 EUR 5.31 -14.49% 32.07%
Gross operating income Budget 2020:
EUR 14,034 million Achieved in 2020:
EUR 14,081 million +0.34% 37.63%
