5 Corporate governance Compensation of the management and governing bodies SAINT-GOBAIN UNIVERSAL REGISTRATION DOCUMENT 2021 183 Compensation of Executive corporate officers 2.2 General principles of the Compensation policy for Executive corporate officers 2.2.1 The Board of Directors and the Nomination and Remuneration Committee are committed to ensuring that the compensation of the Executive corporate officers complies at all times with the recommendations of the AFEP-MEDEF Corporate Governance Code for French listed companies and in particular meets transparency and performance measurement requirements. They also ensure that it evolves taking into account the Group’s performance and market practices. The compensation package of the Executive corporate officers is determined by taking into account all pay components (fixed compensation, annual variable compensation, multi-year variable compensation, compensation for loss of office and pension benefits), with a view to achieving a balanced mix of these components. When setting the various components of the compensation of the Executive corporate officers, the Board of Directors also takes into consideration the benchmarks of CAC 40 companies comparable to Saint-Gobain in terms of revenue, workforce and international scope of operations. The Board of Directors also seeks to ensure that the granting of long-term compensation instruments (stock options, performance shares and performance units, as the case may be) to the Executive corporate officers in a given fiscal year does not represent a disproportionate share of their maximum total compensation in respect of that fiscal year and has conditioned these grants to demanding ceiling and holding rules. Compensation and benefits allocated to the Executive corporate officers 2.2.2 Summary of the compensation and benefits paid or granted to the Executive corporate officers 126.96.36.199 for the 2021 fiscal year In accordance with the principles set out above, the Board of Directors, at its meeting of February 25, 2021, approved, on the proposal of the Nomination and Remuneration Committee, the compensation policies for the Executive corporate officers for the fiscal year 2021, namely: the compensation policies for the Chairman and Chief ■ executive officer and the Chief operating officer from January 1 to June 30, 2021, and the compensation policies for the Chairman of the ■ Board of Directors and the Chief executive officer from July 1 to December 31, 2021. These policies were approved by the General Shareholders’ Meeting of June 3, 2021 (twelfth, thirteenth, fourteenth and fifteenth Resolutions). The following tables present a summary of the compensation, performance shares and stock options granted to Mr. Pierre-André de Chalendar, Chairman and Chief executive officer until June 30, 2021 then Chairman of the Board of Directors from July 1, 2021, and to Mr. Benoit Bazin, Chief operating officer until June 30, 2021 then Chief executive officer from July 1, 2021, for the fiscal years ended December 31, 2020 and 2021. No stock options or performance units were granted to them in 2020 and 2021.