The Remuneration and Appointments Committee, established for the first time in 2003, has the task of examining and approving the general and operational guidelines for the remuneration of directors and executives and making proposals to the Board of Directors for the remuneration of executive directors and those who perform special functions. On 20th December, 2016 the Board of Directors resolved to extend the functions of the Remuneration Committee to Board of Directors composition rules about the holding and the subsidiaries companies, to independent directors replacement and cooptation, directors exceptions to the competition restriction and succession plans adoption.
The Remuneration and Appointments Committee is composed of three non-executive members of the Board of Directors.
Currently, the Remuneration and Appointments Committee consists of the following Directors:
- Salvatore Bragantini (*)
- Stefano Mion
- Susanna Stefani
The composition, functioning, organisation and activities of the Remuneration and Appointments Committee are governed by specific regulations approved by the Board of Directors on 30 October 2003 and amended lastly after the Board resolution taken on 20th December 2016 .
On 11 July 2013, the Board of Directors resolved to grant each member of the Remuneration and Appointments Committee a gross annual remuneration amounting to Euro 10.000, without prejudice to the application of Art. 5 Sub. 9 D.L. July 6, 2012 n. 95 and subsequent amendments and Circular no. 4 of 2015 of the Minister Madia.
(*) appointed by the Board of Directors on September 21th 2017