Remuneration policy of non-executive directors

03/27/2019 - 02:00 PM

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This section describes the remuneration measures for the members of the Board of Directors and the Key Managers with Strategic Responsibilities in 2018.

The total gross annual remuneration of the Board of Directors (Art. 2389(1) of the Italian Civil Code) was set at 2,200,000 euros at the Meeting of Shareholders on May 4, 2018.

The Board of Directors’ meeting of May 16, 2018 divided up that amount by allocating 100,000 euros gross per annum to each Director (excluding the Chairman and the Chief Executive Officer); this is fixed remuneration. The non-executive Directors are not entitled to any remuneration linked to company results, nor to any severance pay.

The following additional remuneration will be also paid to the Directors who are members of Committees:

Body

Annual compensation

Members

Strategic Committee

Members: € 25.000

The Chair of the Board of Directors and CEO do not receive this compensation

Fulvio Conti (C)

Luigi Gubitosi (CEO)

Massimo Ferrari

Arnaud Roy de Puyfontaine

Rocco Sabelli

Control and Risk Committee

Members: € 45.000 

Chairman: € 65.000  

Paola Giannotti De Ponti (C)

Massimo Ferrari

Marella Moretti

Lucia Morselli

Michele Valensise

Nomination and Remuneration Committee

Members: € 40.000 

Chairman: € 60.000 

Alfredo Altavilla (C)

Paola Bonomo

Giuseppina Capaldo

Rocco Sabelli

Michele Valensise

Related Parties Committee

Members € 25.000 

Chairman € 40.000 

Lucia Morselli (C)

Giuseppina Capaldo

Maria Elena Cappello

Marella Moretti

Dante Roscini