812019 Universal registration document and annual financial report - BNP PARIBAS
2CorPorate GovernanCe and internal Control
2
Corporate governance report
➤ b. Components of remuneration paid to Mr Jean-Laurent Bonnafé, Chief Executive Officer, during financial year 2019 in respect of previous years (having been subject to the shareholders vote at the time of their allocation)
In euros
Date submitted to the AGM and resolution
number Amount paid in 2019
Annual variable remuneration 1,184,433
Including partial payment of the annual variable remuneration in respect of 2018 23 May 2019
14th resolution 294,049
Including partial payment of the annual variable remuneration in respect of 2017 24 May 2018
15th resolution 314,087
Including partial payment of the annual variable remuneration in respect of 2016 23 May 2017
14th resolution 175,568
Including partial payment of the annual variable remuneration in respect of 2015 26 May 2016
11th resolution 400,729
Multi-annual variable remuneration 14 May 2014
12th resolution 0
➤ c. All types of commitments corresponding to types of commitments undertaken corresponding to remuneration components, 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 Mr 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. In accordance with the Afep-Medef Code and article R.225-29-1 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 Mr Jean-Laurent Bonnafé does not benefit from any supplemental defined-benefit pension plans.
Top-up pension plan defined-contribution
1,743 Mr 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 under the plan to Mr Jean-Laurent BONNAFÉ in 2019 was EUR 1,743.
Welfare benefit and healthcare plans
3,274 Mr 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).
