René Carron
Chairman of the Board of Directors Crédit Agricole S.A.
2008 2009
Due(1) Paid(2) Due(1) Paid(2)
Fixed compensation(a) 420,000 420,000 420,000 420,000
Variable compensation(b) 0 0 0 0
Exceptional compensation 0 0 0 0
Directors’ fees(c) 21,450 21,450 23,100 23,100
Fringe benefits(d) 126,771 126,771 128,046 128,046
TOTAL 568,221 568,221 571,146 571,146
The fixed compensation of Mr René Carron in 2009 remains unchanged compared to 2008 (a) Gross fixed compensation before tax.
(b) Mr René Carron does not receive any variable compensation.
(c) Mr René Carron receives fees for serving as Chairman of Crédit Agricole S.A.’s Strategic Committee and member of the Appointments and Governance Committee (see table of Directors’ fees).
(d) Fringe benefits consist of payments made by the Company (of which the amount is decided by the Board of Directors upon proposal of the Compensation Committee) to fund retirement benefits and benefits derived from the use of company housing.
Georges Pauget Chief Executive Officer
2008 2009
Due(1) Paid(2) Due(1) Paid(2)
Fixed compensation(a) 920,000 920,000 920,000 920,000
Variable compensation(b) 0 607,200 (e) 0
Exceptional compensation 0 0 0 0
Directors’ fees(c) 52,000 52,000 49,000 49,000
Fringe benefits(d) 256,711 256,711 18,040 18,040
TOTAL 1,228,711 1,835,911 987,040 987,040
Mr Georges Pauget received fixed compensation of €920,000 in 2009, unchanged compared to 2008 (a) Gross fixed compensation before tax.
(b) In 2008, Mr Georges Pauget received €607,200 in variable compensation due in respect of 2007, as approved by the Board at its meeting of 4 March 2008.
Mr Georges Pauget proposed to the Board of Directors of 20 January 2009 to forgo variable compensation for 2008: no variable compensation has therefore been paid out with this respect in 2009. The Board of Directors of 3 March 2009 approved this offer following its proposition by the Compensation Committee.
(c) The Chief Executive Officer receives Director’s fees for serving as Chairman of Crédit Agricole CIB and LCL.
(d) Fringe benefits paid in 2008 consisted mainly of payments made by the Company to fund retirement benefits. This specific system has been abandoned: no compensation was paid out to this effect in 2009.
(e) At the date of publication of the present document, the Board of Directors of Crédit Agricole S.A. has not defined the variable part of the compensation of Mr Georges Pauget for 2009. This information will be made public as soon as the Board of Directors has deliberated on this item.
Jean-Yves Hocher
Deputy Chief Executive Officer
2008 2009
Due(1) Paid(2) Due(1) Paid(2)
Fixed compensation(a) 104,167 83,334 500,000 521,236
Variable compensation(b) 0 0 (e) 0
Exceptional compensation 0 0 0 0
Directors’ fees(c) 0 0 6,000 6,000
Fringe benefits(d) 7,150 7,150 30,749 30,749
TOTAL 111,317 90,484 536,749 557,985
Mr Jean-Yves Hocher received fixed compensation of €500,000 in 2009, unchanged compared to 2008.
(a) Mr Jean-Yves Hocher has served as Deputy Chief Executive Officer since 15 October 2008. His annual gross fixed compensation for 2008 was set at €500,000 as from 15 October 2008. His annual gross fixed compensation for 2009 remained unchanged. The change of compensation was effective in January 2009 only, which explains the difference between the amounts due and paid in 2008 and 2009. (b) At its meeting of 3 March 2009, on the recommendation of the Compensation Committee, the Board set Mr Jean-Yves Hocher’s variable
compensation payable in respect of 2008 on the basis of pre-set criteria. Mr Jean-Yves Hocher forwent this payment. (c) Mr Jean-Yves Hocher receives Director’s fees for serving as Board member of Emporiki Bank.
(d) Fringe benefits paid in 2008 mainly consisted of payments made by the Company destined to fund retirement benefits and benefits derived from the use of company housing for the 2,5 last months of 2008. The specific system has been abandoned: no compensation was paid out to this effect in 2009, and fringe benefits are mainly due to the allocation of company housing.
(e) At the date of publication of the present document, the Board of Directors of Crédit Agricole S.A. has not defined the variable part of the compensation of Mr Jean-Yves Hocher for 2009. This information will be made public as soon as the Board of Directors has deliberated on this item.
Jacques Lenormand
Deputy Chief Executive Officer
2008 2009
Due(1) Paid(2) Due(1) Paid(2)
Fixed compensation(a) 550,000 550,000 550,000 550,000
Variable compensation(b) 0 100,000 (d) 0
Exceptional compensation 0 0 0 0
Directors’ fees(c) 10,000 10,000 10,000 10,000
Fringe benefits 0 0 2,395 2,395
TOTAL 560,000 660,000 562,395 562,395
Mr Jacques Lenormand received fixed compensation of €550,000 in 2009, unchanged compared with 2008. (a) His gross fixed compensation for 2008 was set at €550,000 by the Board at its meeting of 4 March 2008.
(b) At its meeting of 4 March 2008, the Board set his annual variable compensation at €100,000 for the four last months of 2007 on the basis of pre-set criteria (amounts paid in 2008). At its meeting of 3 March 2009, on the recommendation of the Compensation Committee, the Board set Mr Jacques Lenormand’s variable compensation payable in respect of 2008 on the basis of pre-set criteria. Mr Jacques Lenormand forwent this payment.
(c) Mr Jacques Lenormand receives Director’s fees for serving as Board member of LCL.
(d) At the date of publication of the present document, the Board of Directors of Crédit Agricole S.A. has not defined the variable part of the compensation of Mr Jacques Lenormand for 2009. This information will be made public as soon as the Board of Directors has deliberated on this item.
Jean-Frédéric de Leusse Deputy Chief Executive Officer
2008 2009
Due(1) Paid(2) Due(1) Paid(2)
Fixed compensation(a) 550,000 550,000 550,000 550,000
Variable compensation(b) 0 70,000 (e) 0
Exceptional compensation 0 0 0 0
Directors’ fees(c) 45,250 45,250 42,643 42,643
Fringe benefits(d) 48,208 48,208 24,436 24,436
TOTAL 643,458 713,458 617,079 617,079
Mr Jean-Frédéric de Leusse received fixed compensation of €550,000 in 2009, unchanged compared to 2008. (a) His gross fixed compensation for 2008 was set at €550,000 by the Board at its meeting of 4 March 2008.
(b) At its meeting of 4 March 2008, the Board set his annual variable compensation at €70,000 for the four last months of 2007 on the basis of pre- set criteria (amounts paid in 2008). At its meeting of 3 March 2009, on the recommendation of the Compensation Committee, the Board set Mr Jean-Frédéric de Leusse’s variable compensation payable in respect of 2008 on the basis of pre-set criteria. Mr Jean-Frédéric de Leusse forwent this payment.
(c) Mr Jean-Frédéric de Leusse receives Director’s fees for serving as Board member of Crédit Agricole CIB, Crédit Agricole Egypt, Emporiki Bank and BGPI.
(d) Fringe benefits paid in 2008 mainly consisted of payments made by the Company destined to fund retirement benefits and benefits derived from the use of company housing. The specific system has been abandoned: no compensation was paid out to this effect in 2009, and fringe benefits are mainly due to the allocation of company housing.
(e) At the date of publication of the present document, the Board of Directors of Crédit Agricole S.A. has not defined the variable part of the compensation of Mr Jean-Frédéric de Leusse for 2009. This information will be made public as soon as the Board of Directors has deliberated on this item.
Bernard Mary
Deputy Chief Executive Officer
2008 2009
Due(1) Paid(2) Due(1) Paid(2)
Fixed compensation(a) 0 0 380,000 380,000
Variable compensation(b) 0 0 (e) 0
Exceptional compensation 0 0 0 0
Directors’ fees(c) 2,000 2,000 27,259 27,259
Fringe benefits(d) 0 0 21,820 4,492
TOTAL 2,000 2,000 429,079 411,751
Mr Bernard Mary received fixed compensation of €380,000 in 2009.
(a) Mr Bernard Mary retained his functions as Chief Executive Officer of Caisse régionale Nord-Est until 31 December 2008: he did not receive compensation from the Company in 2008. He has received compensation since1 January 2009.
(b) No variable compensation is due to Mr Bernard Mary for 2008.
(c) Mr Bernard Mary received in 2008 Director’s fees for serving as Board member of LCL. The amount of €2,000 corresponds to the amounts due and paid for the 2.5 last months of the year. For the year 2009, he received Director’s fees for serving as Board member of LCL, Emporiki Bank and Cariparma.
(d) Fringe benefits due in 2009 and not paid correspond to company housing benefits. The regularisation of the amounts due was done in January 2010.
(e) At the date of publication of the present document, the Board of Directors of Crédit Agricole S.A. has not defined the variable part of the compensation of Mr Bernard Mary for 2009. This information will be made public as soon as the Board of Directors has deliberated on this item.
TABLE 3 – DIRECTORS’ FEES RECEIVED BY NON EXECUTIVE DIRECTORS