Groupe Renault - 2020 Universal Registration Document

320 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020 Find out more at group.renault.com 03 COMPENSATION OF DIRECTORS AND CORPORATE OFFICERS CORPORATE GOVERNANCE Comparison of compensation levels between corporate 3.2.3 officers and employees In accordance with the provisions of Article L. 22-10-9 of the French Commercial Code, the ratios for measuring the differences between the compensation for the Company’s corporate officers and employees are presented in the table below. These elements are part of the information mentioned in Article L. 22-10-9 I. of the French Commercial Code and will be subject to a general vote pursuant to Article L.22-10-34 of the French Commercial Code at the Shareholders’ Meeting of April 23, 2021. Methodology for calculating the ratios Under the terms of Article L. 22-10-9, the scope to be considered for calculating the indicators is that of the listed company issuing the corporate governance report. However, as Renault SA does not have any employees, the indicators were calculated based on the compensation of the France-based employees of Renault s.a.s, Société de Transmissions Automatiques (STA) and Sofrastock, all wholly-owned subsidiaries of Renault SA, i.e. 31,600 people who were employed in 2020. The scope of these three companies represents 84% of the employees of the Groupe Renault's French automotive subsidiaries as at December 31, 2020. Compensation presented in the table includes the following components: fixed compensation paid during the indicated financial year; P variable compensation paid during the indicated financial year; P compensation for directorship, if applicable, paid during the P indicated financial year; book value of the benefits in kind paid during the indicated P financial year; performance shares allocated during the indicated financial year P (at IFRS value); profit-sharing and incentive bonuses paid during the indicated P financial year. Compensation for both employees and corporate officers of Renault s.a.s, Société de Transmissions Automatiques and Sofrastock has been annualized. The relevant corporate officers for this comparison are the Chairman of the Board of Directors, the Chief Executive Officer and the Chairman and Chief Executive Officer, the latter function having existed within the Group up to January 24, 2019. The compensation presented is related to the function and not to the person, so that a change in executive corporate officer for a same function does not impact the presentation of the information over the five-year period. For the 2020 financial year, the Chief Executive Officer’s compensation was thus annualized on the basis of the compensation paid to Ms Clotilde Delbos in respect of her office for the period from January 1 to June 30, 2020 and the compensation paid to Mr. Luca de Meo for the period from July 1 to December 31, 2020.