5 _461 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 5 FINANCIAL PERFORMANCE Financial statements Note 18. MANAGEMENT COMPENSATION As per its Bylaws, the Company is administered by one or several Managers. Managers who are General Partners are entitled to a share of the income distributed among all the General Partners in accordance with the provisions of the Bylaws. The General Manager is paid fixed and variable compensation. The statutory share of 2022 profit paid in 2023 to Florent Menegaux, Managing General Partner and Managing Chairman, amounted to €906 thousand (2022 for 2021: €2,649 thousand). The total compensation (fixed compensation, variable compensation payable in 2023 for 2022) paid by the Company to Yves Chapot, General Manager, amounted to €1,910 thousand (including payroll taxes) in 2023 (2022: €2,241 thousand). In addition, a €1,233 thousand accrual (including payroll taxes) was recorded at December 31, 2023 to cover his 2023 bonus payable in 2024. Benefits in kind amounted to €8 thousand. Note 19. FEES PAID TO THE STATUTORY AUDITORS (in € thousands) Deloitte & Associés PricewaterhouseCoopers Audit Audit services 808 778 Non-audit services(1) 252 (1) These services consist mainly of an independent third-party body engagement by PricewaterhouseCoopers Audit.
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