The remuneration of members of the Management Committee during the year, excluding those who simultaneously held office as members of the Board of Directors (whose remuneration has been set out above), is detailed below:
There were 6 members of Senior Management at 31 December 2020 (6 members at 31 December 2019) excluding the CEO and the Chief Operations Officer due to their status as executive directors.
The notable decrease in remuneration is explained by the crisis caused by Covid-19, due to which the annual remuneration of members of the Management Committee in 2020 decreased by more than 50%.
The Chief Operations Officer’s remuneration prior to being appointed Executive Director is shown as Senior Management. Remuneration in kind includes the vehicle and the cost of insurance.
The heading Other takes the long-term objective remuneration accrued in 2020 into consideration.