enfrdeitptrues

The CEO's workshop ends with the plan of reporting accounts for absolute VaR and the cost of the risk appetite threshold, economic capital (EC) expected from the added value of human capital (Total Paid Workforce) and variable wages paid in return. A projection of the expected average turnover of fixed salaries is also provided.

The CEO level program thus ends with a counterfactual simulation demonstrating how, through the HCMA, the remuneration policy will contribute to the company's business strategy and long-term interests and sustainability and explain how it does so, in particular by generating the EC or Free Cash Flow which will not be distributed to shareholders as required by the regulations in force, in particular SEC guidance of July 1, 2019 or EU directive that all member countries have transposed before June 10, 2019.