Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 174

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 6
Chunk 174
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 Supervisory Committee, for services in all capacities to Telecom Argentina and its subsidiaries during 2024 performed from January 1, 2024, until December 31, 2024, was P$3,224 million and P$329 million, respectively. Such accrued compensation is subject to approval by the Annual Ordinary Shareholders’ Meeting of 2025.
As of December 31, 2024, compensation paid as advance payments to members of the Board of Directors and Supervisory Committee for services in all capacities to Telecom Argentina and its subsidiaries from January 1, 2024, until December 31, 2024, was P$3,224 million and P$329 million, respectively. Those advance payments were authorized by the Annual Ordinary and Extraordinary Shareholders’ Meeting held on April 25, 2024, and will be deducted from the final compensation determined by the Annual Ordinary Shareholders’ Meeting of 2025, based on the amount proposed by the Board of Directors to the shareholders, with the prior opinion of the Audit Committee of Telecom Argentina.
As of December 31, 2024, compensation accrued by Directors for technical administrative functions and the executive officers described under “—Senior Management” above, for services in all capacities to Telecom Argentina and its subsidiaries during 2024 amounted to P$17,266 million (including fixed and variable compensation, retention plan benefits and, in some cases, severance payments), of which P$9,888 million were paid as of December 31, 2024.

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PART I - ITEM 6 DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES   TELECOM ARGENTINA S.A.
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The Company’s officers (including senior management) receive fixed and variable compensation. A manager’s fixed compensation corresponds with the level of responsibility required for his or her position and the market rate for similar positions. Variable compensation is tied to annual performance goals. Certain officers are beneficiaries of retention plan benefits.
During the year ended December 31, 2024, Telecom Argentina was not required to set aside or accrue any amounts to provide pension, retirement or similar benefits.
Telecom Argentina has no stock option plans for its personnel, or for its members of the Board of Directors or the Supervisory Committee.
Board Practices
Under Argentine law, directors have the obligation to perform their duties with loyalty and the diligence of a prudent business person. Directors are jointly and severally liable to Telecom Argentina, our shareholders and third parties for the improper performance of their duties, for