Universal Registration Document 2024
CORPORATE GOVERNANCE 3
CORPORATE GOVERNANCE REPORT ADOPTED BY THE BOARD OF DIRECTORS ON 19 FEBRUARY 2025
Being an official partner of the Paris 2024 Games also meant that volunteers had preferred access to the ticket office and the opportunity to serve as torchbearers. The Chairman and CEO has the use of a company car and is covered by the death & disability and individual accident insurance policies provided to Aéroports de Paris employees. He does not have an employment contract with Aéroports de Paris and is not entitled to any compensation under a non-competition clause. The Chairman and CEO does not receive multi-year or exceptional variable compensation or any severance bonuses and does not benefit from a specific pension scheme. The Board of Directors acknowledged Augustin de Romanet's decision to waive all compensation for his position as a director of Aéroports de Paris, for which the decision regarding allocation and distribution among the
directors was modified by deliberation of the Board of Directors on 24 June 2020. No stock option plan and no performance share allocation plan have been implemented by the Company for its corporate officers. No benefits or compensation were paid to Augustin de Romanet by companies controlled by Aéroports de Paris. The General Meeting of 21 May 2024 approved ex post the 2023 compensation of the Chairman and CEO. His variable portion in respect of 2023 (€100,000) was paid to him after this approval. Aéroports de Paris has not provided for the possibility of requesting a refund of the variable compensation.
TABLE 1 SUMMARY OF COMPENSATION AND OPTIONS AND SHARES GRANTED TO EACH EXECUTIVE OFFICER
2024
2023
(in euros)
Augustin de Romanet – Chairman and CEO Compensation awarded for the financial year Value of options allocated during the year
459,350
459,019
– –
– –
Value of performance shares allocated during the year Value of other long-term compensation plans
None None None None
None None None None
Severance compensation Non-compete benefit
Supplementary pension scheme
TOTAL
459,350
459,019
TABLE 2 SUMMARY OF THE COMPENSATION OF EACH EXECUTIVE OFFICER
2024
2023
Breakdown of amounts awarded and paid (in euros)
Amounts awarded
Amounts paid Amounts awarded
Amounts paid
Fixed compensation
350,000
350,000 100,000
350,000
350,000 100,000
100,000 1
100,000 2
Annual variable compensation Deferred/multi-annual variable compensation Exceptional compensation
None
None
None
None
– –
– –
– –
– –
Director compensation Benefits in kind: car
9,350
9,350
9,019
9,019
TOTAL
459,350
459,350
459,019
459,019
1 Subject to approval by the Ordinary General Meeting to be held on 15 May 2025. 2 Approval by the Ordinary General Meeting on 21 May 2024. Pay equity ratio The table below presents the pay equity ratio, in accordance with the AFEP-MEDEF guidelines on compensation multiples: it compares the level of compensation of the Chairman and CEO with the average and median compensation of employees, on a full-time equivalent basis for Aéroports de Paris employees. Compensation includes: fixed salary, variable portion, additions to the job description (value-sharing bonus, seniority, bonuses, family allowance, increased and overtime hours and transport costs), excluding incentive plans and profit-sharing. For 2020 and
2021, compensation was estimated taking into account the compensation for the partial activity implemented from 23 March 2020 to 30 June 2021, in order to cover a comparable scope of employee activities. The compensation items related to the activity have not been restated (bonuses, increased hours, mileage allowances). The compensation of the Chairman and CEO is legally capped, without any change since 2012, regardless of the performance of the Company.
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UNIVERSAL REGISTRATION DOCUMENT 2024 w AÉROPORTS DE PARIS
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