The remuneration of members of the Management Committee at 31 December 2018 and 2017, excluding those who simultaneously held office as members of the Board of Directors (whose remuneration has been set out above), is detailed below:
At 31 December 2018, there were seven members of Senior Management (the same number at 31 December 2017), excluding the CEO.
The two conditions that must be met simultaneously to be considered Senior Management are, on the one hand, forming part of the Management Committee and, on the other, reporting directly to the CEO.
The concept of “monetary remuneration” of executives includes fixed remuneration and variable remuneration accrued in 2018 and received in 2019.
“Compensation in kind” includes the vehicle, the cost of insurance and the settlement of the long-term incentive received in shares in 2018, the accrual period of which ended on 31 December 2017.
The heading “Other” includes the long-term objective remuneration accrued in 2018.