2020 Universal registration document and annual financial report - BNP PARIBAS 93
2CorPorate GovernanCe and internal Control
2
Report on Corporate governance
The tables below show the gross remuneration paid in 2020, including remuneration linked to directorships and benefits in kind, for each corporate officer.
➤ SUMMARY TABLE OF REMUNERATION PAID AS CORPORATE OFFICER
In euros
2019 2020
Amounts paid Amounts paid
Jean Lemierre Chairman of the Board of directors
Fixed remuneration 950,000 950,000
Annual variable remuneration None None
Long-term compensation None None
Extraordinary remuneration None None
Remuneration linked to the term of directorship 60,222 58,447
Benefits in kind(1) 3,632 4,491
TOTAL 1,013,854 1,012,938
Jean-Laurent Bonnafé Chief Executive Officer
Fixed remuneration 1,562,000 1,562,000
Annual variable remuneration 1,184,433 1,151,790
of which annual variable remuneration in respect of 2019 None 322,303
of which annual variable remuneration in respect of 2018 294,049 461,750
of which annual variable remuneration in respect of 2017 314,087 175,118
of which annual variable remuneration in respect of 2016 175,568 192,619
of which annual variable remuneration in respect of 2015 400,729 None
Long-term compensation 0(2) 0(2)
Extraordinary remuneration None None
Remuneration linked to the term of directorship 60,222 58,447
Benefits in kind(1) 6,507 6,507
TOTAL 2,813,162 2,778,744
Philippe Bordenave Chief Operating Officer
Fixed remuneration 1,000,000 1,000,000
Annual variable remuneration 758,670 737,294
of which annual variable remuneration in respect of 2019 None 206,340
of which annual variable remuneration in respect of 2018 188,252 295,591
of which annual variable remuneration in respect of 2017 201,096 112,068
of which annual variable remuneration in respect of 2016 112,384 123,295
of which annual variable remuneration in respect of 2015 256,938 None
Long-term compensation 0(2) 0(2)
Extraordinary remuneration None None
Remuneration linked to the term of directorship None None
Benefits in kind(1) 3,953 3,953
TOTAL 1,762,623 1,741,247
The average tax and social contribution rate on this remuneration was 38% in 2020 (38% in 2019). (1) The Chairman of the Board of directors, the Chief Executive Officer and the Chief Operating Officer have a company car and a mobile phone. The
Chief Executive Officer and Chief Operating Officer receive Executive Committee professional life insurance, for which the Company s contribution is recognised as a benefit in kind.
(2) The LTIP granted in 2014 and 2015 did not give rise to any payment in 2019 and 2020 due to the failure to achieve the performance condition linked to the change in value of the BNP Paribas share. As a reminder, the amount awarded is subject to the application of two cumulative performance conditions over a period of five years from the date of grant. Therefore, the associated performance condition (change in value of the BNP Paribas share compared to that of EURO STOXX Banks) led to 98% of the amount awarded being maintained (86% for the LTIP in 2014), while the minimum performance of the BNP Paribas share during the reference period of 5%, required to trigger the payment, has not been achieved.