Chairman and chief executive Maurice Lévy and the rest of the management board consisting of David Kenny, Jack Klues, Jean-Yves Naouri, Kevin Roberts agreed to the measure following a meeting in Paris yesterday.
Lévy was reportedly due €2.7m (£2.42m), while the rest of the board have waived between €300,000 and €900,000 each.
In a statement the company said the decision was a ‘gesture of solidarity' with the group's employees after a hiring and pay freeze during 2009.
The statement read: ‘The [group's employees] have made substantial efforts throughout the year 2009 to help our clients surmount the economic crisis, and have done so in spite of the fact that the Groupe had instituted a hiring and salary freeze.'
During 2009 Publicis exerted significant cost-control measure, cutting its workforce by a four-figure number. Like-for-like revenues fell 6.5 per cent during the year, but the company said the start to 2010 had been ‘encouraging'.